Allow or not allow
This query is : Resolved
15 September 2011
An Assessee paid sales tax in previous year, demanded by the Sales Tax Officer for year 1885-86.
Please solve if
a) Demand is to pay tax amount
b) demand is to pay penalty
An Assessee paid sales tax in previous year, demanded by the Sales Tax Officer for year 1885-86.
Please solve if
a) Demand is to pay tax amount
b) demand is to pay penalty
CA Navin Jain
(Expert)
16 September 2011
Demand included two type of payment, on is compensatory nature and second is penal nature,
Demand of compensatory nature is allowable under income tax act.
Demand of compensatory nature is allowable under income tax act.
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