Case Law Details
Rupesh Srivastava Vs Central Board of Direct Taxes (Karnataka High Court)
In a recent development, the Karnataka High Court (HC) addressed the plea of Rupesh Srivastava against the Central Board of Direct Taxes (CBDT). The HC issued directives to the government to consider and resolve the representation concerning the Section 80TTA deduction limit. This article provides a detailed analysis of the case and its implications.
Detailed Analysis: The case, Rupesh Srivastava Vs CBDT, unfolded as a writ petition seeking direction for addressing the petitioner’s representation dated September 17, 2023. Despite the petitioner’s submissions and the urgency highlighted, the government had not taken any steps to address the grievances by the specified date. The petitioner emphasized the urgency due to the upcoming budget presentation on February 1, 2024.
The Karnataka HC, presided over by Justice S.R. Krishna Kumar, took note of the petitioner’s concerns. Advocates Sandeep Huilgol, M. Dilip, and Chandrashekar M. represented the petitioner, revenue, and the Union of India, respectively.
Section 80TTA, at the center of the dispute, allows a deduction of interest up to Rs. 10,000 earned from savings accounts with commercial banks, cooperative banks, or post offices.
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