Thursday 4 September 2014

Kingfisher Airlines 'a king of not so good times': HC held it as an assessee-in-default for failure

IT : Where assessee-company having deducted tax at source from salaries paid to it employees, did not remit same to Central Government account, Assessing Authority was justified in holding assessee to be "assessee-in-default" and directing it to pay amount so deducted with interest


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