The Calcutta High Court has held that the letter by the joint secretary cannot override the plain and unambiguous provisions of the Income Tax Act, 1961, and the Finance Act.The bench of Justice Surya.
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A look at the day ahead in European and global markets from
Ankur Banerjee European bourses are poised to keep the rally going ahead of
the always important U.S. CPI data.
European bourses are poised to keep the rally going ahead of the always important U.S. CPI data after comments from Fed Chair Jerome Powell reassured investors that the next move from the U.S. central bank was unlikely to be a hike. Powell called Tuesday's higher-than-expected producer price report 'mixed' rather than 'hot' because prior data was revised lower. Though Powell's comments largely restated those made at his press conference after the Fed's last meeting, it was enough for stocks to surge, with Asian shares at their highest in 15 months and Nasdaq closing at a record high.