An assessee can avoid taxability of interest u/s 94(1) or 94(2) by proving to the Assessing Officer that, there has been no avoidance of income tax or there was no avoidance u/s 94(l)/(2) during preceding the previous years.
A. 2 years
B. 3 years
C. 5 years
D. 7 years
Answer:A
An assessee can avoid taxability of interest u/s 94(1) or 94(2) by proving to the Assessing Officer that, there has been no avoidance of income tax or there was no avoidance u/s 94(l)/(2) during preceding the previous years.
A. 2 years B. 3 years C. 5 years D. 7 years