CA Jinesh R. Bhagdev - Page 2

Section 206AA not applicable to persons having income below taxable limits

Kowsalya Bai Vs Union of India (Karnataka High Court)

In a writ petition filed by small investors, Karnataka High Court Held that provisions of Section 206AA of the Income Tax Act are contrary to provisions of Section 139A of the Act. Accordingly, provision of Section 206AA were made inapplicable to persons and was read down from the Act only for those persons whose income was less than the ...

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