Wednesday, July 2, 2014

[aaykarbhavan] No reassessment to deny interest on unpaid sales tax if all facts related to it were disclosed in assessment




 

No reassessment to deny interest on unpaid sales tax if all facts related to it were disclosed in assessment

July 3, 2014[2014] 45 taxmann.com 481 (Gujarat)
IT : Where assessee disclosed all material facts in respect of its claim for interest on unpaid sales tax at time of assessment proceedings, Assessing Officer could not initiate reassessment proceedings four years taking a view that claim was wrongly allowed
Regards
Prarthana Jalan


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Posted by: Prarthana Jalan <prarthanajalan@ymail.com>


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