Tax Lok English Viedo
Know about our powerfull on-line library on GST & Income Tax
Know about our powerfull on-line library on GST & Income Tax
Tax Lok Hindi Viedo

Latest Income-Tax Details

For Full Access To All Latest Judgments on Income Tax
Click Here To Subscribe Now
Take a tour of our Income-Tax Library

Present writ petition has been filed seeking deletion of demand of Rs. 1,54,953 on account of interest for alleged default in furnishing return of income as well as interest under s. 244A of the IT Act, 1961 (hereinafter referred to as ‘Act, 1961’).

Shanti Prime Publication Pvt. Ltd.

Sec. 154, 234A & 244A of Income-tax Act, 1961—Interest— Writ petition is disposed of with a direction to revenue to decide the rectification applications within four weeks by a reasoned order in accordance with law.

Facts: Present writ petition has been filed seeking deletion of demand of Rs. 1,54,953 on account of interest for alleged default in furnishing return of income as well as interest under s. 244A.

Held, that petitioner’s rectification applications under s. 154 on the same issue are pending adjudication before the revenue. Consequently, the present writ petition is disposed of with a direction to revenue to decide the aforesaid rectification applications within four weeks by a reasoned order in accordance with law. All the rights and contentions of the parties are left open. - S K JAIN V/s TICEL BIO PARK LTD. - [2020] 29 ITCD Online 017 (DEL)

Tax Lok English Viedo
Tax Lok Hindi Viedo
Know about our powerfull on-line library on GST & Income Tax
Know about our powerfull on-line library on GST & Income Tax
whatsapp with taxlok SUBSCRIBE OUR MAGAZINE

FOR FREE CONDUCTED TOUR OF OUR ON-LINE LIBRARIES WITH OUR REPRESENTATIVE-- CLICK HERE