The levy of interest under s 234B is mandatory where there is a conflict of decision and the admission that the liability stands paid, as held by PHHC in Vishal Tools & Forgings Private Limited v CIT, Jalandhar — In favour of: The revenue.
Deduction under s 80HHC — If a deduction under s 80-IA has been taken, a deduction under s 80HHC is not admissible in view of s 80-IB(13) read with s 80-IA(9).
Decided on: 16 August 2011.
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