Additional Income Tax pay by Domestic Company to Resident Shareholder shall be at rate mentioned Section 115-O of Income Tax Act: ITAT [Read Order]

By Aparna. M - On June 24, 2023 7:00 am - 2 mins read
Additional - Income - Tax – pay – Domestic - Company – Resident - Shareholder - shall - at - rate - mentioned - Section – Income - Tax – Act – ITAT - TAXSCAN

The Mumbai Bench of Income Tax Appellate Tribunal (ITAT) has held that additional income tax pay by domestic companies to resident shareholders should be at the rate mentioned under Section 115-O of the Income Tax Act, 1961. The assessee  Ambuja Cement Ltd filed the appeal for considering the additional ground raised in the miscellaneous application…

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