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This demand has been raised after the income tax department allegedly disallowed interest on delayed receivables and the Group Management Fee.

Hitachi Energy Faces Rs 26.07 Crore Income Tax Demand Over Disallowance of Delayed Receivable Interest

Audit report signed by reputed CA firm held valid; deduction cannot be denied on curable technical lapses

Employee cannot be penalised for employer’s failure to deposit TDS; demand and recovery quashed

HC holds that where travel agents have already paid tax on commission, Revenue can recover only interest and not TDS principal from airlines.

Tribunal holds that lease rent, hire charges and maintenance receipts from an IT Park with integrated facilities constitute business income

ITAT rules that insolvency or liquidation under IBC bars tax recovery but not assessment or appellate proceedings under the Income-tax Act