"09 February 2014" Archive

Govt to Present Interim Budget 2014-15 on 17th February, 2014

Halwa ceremony marking the commencement of Budget printing process for Interim Budget 2014-15 was held in North Block yesterday in the presence of the Union Finance Minister Shri P.Chidambaram. Interim Budget 2014-15 is to be presented on 17th February, 2014....

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Posted Under: Income Tax |

Government’s Clarification on Payment of Interest on Income Tax Refund

Government’s Clarification on the Reports that Finance Ministry Pays interest on Excess Tax Refund This is with reference to the news report appearing in certain section of media that the Finance Ministry pays Rs.37, 365 cr. in interest on excess tax refund and similar reports. The emphasis of these reports is that huge interest was [&h...

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Posted Under: Income Tax |

SC dismisses SLP – Disallowance of reimbursement of expenses to agents U/s. 40(a)(ia)

Commissioner of Income Tax Vs Gujarat Narmada Valley Fertilizers Co Ltd (Supreme Court of India)

Supreme Court (SC) dismisses Special Leave Petition (SLP) in the case of CIT Vs. Gujarat Narmada Valley Fertilizers Company Ltd. filed against decision of Gujarat High Court which upheld the order of Income Tax Appellate Tribunal holding ...

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