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Income Tax - Highlights / Catch Notes

Home Highlights July 2015 Year 2015 This

The repository of the power i.e. Central Government, had ...


Supreme Court Rules: Foreign Companies' Exemption u/s 24-AA Sub-section 2(a) Can't Be Expanded by Courts.

July 3, 2015

Case Laws     Income Tax     SC

The repository of the power i.e. Central Government, had consciously chosen to grant exemption in one particular field i.e. foreign companies covered by sub-section 2(a) of Section 24-AA, the scope of the grant cannot be enhanced or expanded by a judicial pronouncement - SC

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