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Calcutta High Court Weekly Round-Up 20th May To 26th May, 2024

Letter By Joint Secretary Can t Override Plain And Unambiguous Provision Of Income Tax Act, 1961 And Finance Act: Calcutta High Court

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.

Share Application Money Or Repayment Doesn t Attract Penalty Section 269SS And 269T: Calcutta High Court

The Calcutta High Court has held that if the share application money is neither a loan nor a deposit, then neither Section 269SS nor 269T of the Income Tax Act, 1961 shall apply. Consequently, no.

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