Threshold exemption excludes exempt services, while stamp-paper purchases avoid reverse charge; consequential service tax penalties were also set asid...
Employee conflict disclosures and investment restrictions expand with new recusal duties, post-employment limits, and compliance reporting requirement...
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.
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