Commitment proceedings gain extended timelines, structured defect refiling, and automatic resumption of inquiry after the adjusted completion period e...
Centralised assessment transfer becomes unwarranted once the searched person's assessment is complete, requiring restoration to the appropriate charge...
Co-operative deduction eligibility excludes refund and commercial-bank interest, while qualifying co-operative investments require entity-wise verific...
Page of 4801
Press 'Enter' after typing page number.
1 to 20 of 96001 Results
❮
❯
❯❯
0 / 200
Expand Note
Add to Folder
No Folders have been created
+
Are you sure you want to delete "My most important" ?
Exemption u/s 10(10AA) - exemption from income tax from the leave encashment amount at the time of retirement of the employees other than government employees - as argued employees of the Bank as also the Public Sector Undertakings cannot be treated differently holding the equality clause of Article 14 of the Constitution of India - The High Court dismissed the writ petition, affirming the constitutionality of Section 10(10AA) of the Income Tax Act, 1961. It upheld the classification made in the provision, considering the distinct status and privileges enjoyed by government employees compared to employees of other sectors.
Exemption u/s 10(10AA) - exemption from income tax from the leave encashment amount at the time of retirement of the employees other than government employees - as argued employees of the Bank as also the Public Sector Undertakings cannot be treated differently holding the equality clause of Article 14 of the Constitution of India - The High Court dismissed the writ petition, affirming the constitutionality of Section 10(10AA) of the Income Tax Act, 1961. It upheld the classification made in the provision, considering the distinct status and privileges enjoyed by government employees compared to employees of other sectors.
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
Join Channel
TaxTMI 
