Saturday 20 July 2013

Sec. 234B interest couldn't be levied if entire income of NR was subjected to withholding tax

IT/ILT : When revenue did not dispute fact that amount received by assessee, a non-resident, was subjected to 100 per cent tax deduction at source and that there was no liability on assessee to pay advance tax, question of levy of interest under section 234B did not arise


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