Supreme Court clarifies interest liability on advance tax for non-residents: Director of Income Tax vs. Mitsubishi Corporation (2021)

/ Aniruddha Bose, Income-tax Act, 1961, Income-tax Act, 1961 with Section 195, Income-tax Act, 1961 with Section 209, Income-tax Act, 1961 with Section 234B, Judges, L. Nageswara Rao

Supreme Court clarifies interest liability on advance tax for non-residents: Director of Income Tax vs. Mitsubishi Corporation (2021) LEGAL ISSUE: Whether a non-resident assessee is liable to pay interest on short payment of advance tax when the payer fails to deduct tax at source. CASE TYPE: Income Tax Law Case Name: Director of Income Tax, […]

Supreme Court clarifies interest liability on advance tax for non-residents: Director of Income Tax vs. Mitsubishi Corporation (2021) Read Post »