WebDec 29, 2024 · 8. Air India is not to be treated as ‘assessee-in-default’ for lesser deduction of tax if the payee furnishes Form 26A: ITAT. Case Details: Air India Ltd. v. Commissioner of Income-tax Citation: [2024] 143 taxmann.com 52 (Mumbai-Trib.) Judiciary and Counsel Details. Baskaran B.R., Accountant Member & Kavitha Rajagopal, Judicial Member WebInterpretation of Taxing Statutes A taxing statute is one which imposes taxes on income or certain other kinds of transactions. It may be in the form of income tax, wealth tax, sales …
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WebJan 13, 2024 · Taxing statutes cannot be tested on the same principles as laws affecting civil rights and lawmakers should be given "greater latitude" while testing these legislations, the Supreme Court said on Friday. The apex court set aside the July 2007 judgement of the Himachal Pradesh High Court which had held section 3A (3) of the Himachal Pradesh … http://www.ijlljs.in/wp-content/uploads/2015/08/8-ARTICLE-FOR-RULES-FOR-INTERPRETATION-OF-TAXING-STATUTES.pdf goody\u0027s bend oregon
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WebNov 3, 2024 · Taxation Laws (Amendment) Bill, 2024. The amendments to Section 9(1)(i) of the Income Tax Act by the Finance Act, 2012 established that the shares of a domestic or foreign company shall be deemed to have been always situated in India if the shares derive a substantial part of their value from assets situated in India. WebApr 23, 2024 · Taxation statute is a fiscal statute which imposes the pecuniary burden on the taxpayer. So such statutes are construed strictly. Plain, clear and direct grammatical … WebResident. A taxpayer would qualify as a resident of India if he satisfies one of the following 2 conditions : 1. Stay in India for a year is 182 days or more or. 2. Stay in India for the … chgs full form