Section 220

Rationalisation of provisions relating to TDS and TCS

Income Tax - Join GST Online Certification Course by GST Professionals & TaxGuru.in – Batch II Budget 2015-16 -Rationalisation of provisions relating to Tax Deduction at Source (TDS) and Tax Collection at Source (TCS) Under Chapter XVII-B of the Act, a person is required to deduct tax on certain specified payment at the specified rate if the pay...

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Budget 2014 propses to levt interest U/s. 220 from the date of expiry of period stated in the notice of demand U/s. 156

Income Tax - Join GST Online Certification Course by GST Professionals & TaxGuru.in – Batch II Interest payable by the assessee under section 220 Interest under section 220 is proposed to be increased or decreased as consequent to any appeal, rectification or revision from the date of expiry of period stated in the notice of demand under section...

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HC set aside order rejecting Stay of demand in high-pitched assessments

Charu Home Productts Pvt Ltd Vs Commissioner of Income Tax (Delhi High Court) - we feel that it would be appropriate if the ACIT reconsiders the application of the petitioner for stay in the light of the observations contained in the said decision [Soul v. DCIT (supra)]. This is so because according to the petitioner the assessment is a high pitched one inasmuch as it is appro...

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AO must give reasonable time to assessee after rejecting stay application before initiating recovery proceedings

Sony India Pvt. Ltd Vs ACIT (Delhi High Court) - Recently Delhi High Court has in the case of Sony India Pvt. Ltd vs. ACIT held that It is expected of from Assessing Officer, having rejected the stay application, to wait for a reasonable period before he takes coercive steps to recover the amounts ...

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Tribunal cannot be a silent spectator to illegal coercive recovery of taxes in Defiance Of Law – HC

DIT Vs Maharashtra Housing & Area Development Authority (Bombay High Court) - Contention of the Assessee :- The action of the petitioner revenue in not only attaching the petitioner's bank account but also withdrawing the amount of Rs.159.84 crores on 18 November 2013 when the stay application was already fixed for hearing before the Tribunal on 22 November 2013...

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Recent Posts in "Section 220"

Rationalisation of provisions relating to TDS and TCS

Join GST Online Certification Course by GST Professionals & TaxGuru.in – Batch II Budget 2015-16 -Rationalisation of provisions relating to Tax Deduction at Source (TDS) and Tax Collection at Source (TCS) Under Chapter XVII-B of the Act, a person is required to deduct tax on certain specified payment at the specified rate if the pay...

Read More
Posted Under: Income Tax |

HC set aside order rejecting Stay of demand in high-pitched assessments

Charu Home Productts Pvt Ltd Vs Commissioner of Income Tax (Delhi High Court)

we feel that it would be appropriate if the ACIT reconsiders the application of the petitioner for stay in the light of the observations contained in the said decision [Soul v. DCIT (supra)]. This is so because according to the petitioner the assessment is a high pitched one inasmuch as it is approximately 17 times of the returned income...

Read More

Budget 2014 propses to levt interest U/s. 220 from the date of expiry of period stated in the notice of demand U/s. 156

Join GST Online Certification Course by GST Professionals & TaxGuru.in – Batch II Interest payable by the assessee under section 220 Interest under section 220 is proposed to be increased or decreased as consequent to any appeal, rectification or revision from the date of expiry of period stated in the notice of demand under section...

Read More
Posted Under: Income Tax |

AO must give reasonable time to assessee after rejecting stay application before initiating recovery proceedings

Sony India Pvt. Ltd Vs ACIT (Delhi High Court)

Recently Delhi High Court has in the case of Sony India Pvt. Ltd vs. ACIT held that It is expected of from Assessing Officer, having rejected the stay application, to wait for a reasonable period before he takes coercive steps to recover the amounts ...

Read More

Tribunal cannot be a silent spectator to illegal coercive recovery of taxes in Defiance Of Law – HC

DIT Vs Maharashtra Housing & Area Development Authority (Bombay High Court)

Contention of the Assessee :- The action of the petitioner revenue in not only attaching the petitioner's bank account but also withdrawing the amount of Rs.159.84 crores on 18 November 2013 when the stay application was already fixed for hearing before the Tribunal on 22 November 2013...

Read More

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