Political contribution deductions require assessee-specific proof before cash-back allegations can justify disallowance or unexplained-money additions...
Penalty levied u/s 221(1) - delay in payment of self assessment tax u/s 140A - assessee had filed its return of income on 30.09.2010 without payment of taxes - due date of filing of return was extended to 31st January, 2011 - entire taxes has been paid by 1.12.2010 - the breach is merely a technical breach and for which no penalty should have been levied - AT
Penalty levied u/s 221(1) - delay in payment of self assessment tax u/s 140A - assessee had filed its return of income on 30.09.2010 without payment of taxes - due date of filing of return was extended to 31st January, 2011 - entire taxes has been paid by 1.12.2010 - the breach is merely a technical breach and for which no penalty should have been levied - AT
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
TaxTMI 
Join Channel 
