Wednesday, 20 January 2016

Sec. 234B interest couldn't be stretched to the stage of appellate proceedings

IT: In terms of section 234B(1), interest liability would end on date of determination of total income under section 143(1) or, in case of regular assessment, date of such assessment and there is no scope for extending such liability to a later date and relate it to a revisional, appellate or a rectification order

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