Taxpayers not liable for interest beyond one year if AO's lack of diligence delays assessment u/s 215.

Taxpayers not liable for interest beyond one year if AO's lack of diligence delays assessment u/s 215. https://www.taxtmi.com/highlights?id=14111 Waiver of interest u/s 215 - if the AO is not diligent enough and does not complete the assessment within the said period of one year, any interest liability for the period beyond that one year cannot be foisted on the assessee unless the delay in not completing the assessment within the period of one year is clearly attributable to the assessee - HC en-us Mon, 26 Aug 2013 14:49:06 +0530 Mon, 26 Aug 2013 14:49:06 +0530 TaxTMI RSS Generator Taxpayers not liable for interest beyond one year if AO's lack of diligence delays assessment u/s 215. https://www.taxtmi.com/highlights?id=14111 Waiver of interest u/s 215 - if the AO is not diligent enough and does not complete the assessment within the said period of one year, any interest liability for the period beyond that one year cannot be foisted on the assessee unless the delay in not completing the assessment within the period of one year is clearly attributable to the assessee - HC Highlights Income Tax Mon, 26 Aug 2013 14:49:06 +0530 https://www.taxtmi.com/highlights?id=14111