Tag Archives: Self Assessment tax

No penalty u/s 221 be levied for non-payment of self-assessment tax by assessee : Mumbai ITAT

By | February 28, 2018

IN THE ITAT MUMBAI BENCH ‘A’ Heddle Knowledge (P.) Ltd. v. Income Tax Officer, Ward- 8 (1) (4), Mumbai G.S. PANNU, ACCOUNTANT MEMBER AND RAM LAL NEGI, JUDICIAL MEMBER IT APPEAL NO. 7509 (MUM.) OF 2011 [ASSESSMENT YEAR 2009-10] JANUARY  19, 2018 Pavan Ved for the Appellant. Rajesh Kumar Yadav for the Respondent. ORDER G.S. Pannu, Accountant Member – The… Read More »

Interest on Refund of self assessment tax allowed :P & H HC

By | October 11, 2015

Assessee would be entitled to interest under section 244A(1)(b) on amount of refund which was deposited by it by way of self assessment tax under section 140A HIGH COURT OF PUNJAB AND HARYANA Commissioner of Income-tax v. Punjab Chemical & Crop Protection Ltd. AJAY KUMAR MITTAL AND FATEH DEEP SINGH, JJ. IT APPEAL NO. 153… Read More »