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The Calcutta High Court has held that the letter by the joint secretary cannot override the plain and unambiguous provisions of the Income Tax Act, 1961, and the Finance Act.The bench of Justice Surya...
Lower long-term capital gain tax liability expected due to Cost Inflation Index increase, aiding in calculating taxable income accurately.
“Simplify taxes, reduce the cost of excessive documentation, open the economy for higher growth and employment,...
![[S.85 Finance Act 1994] Limitation Period Prescribed In Special Statutes Prevails Over Limitation Act: Allahabad High Court - Vimarsana News](https://www.livelaw.in/h-upload/2024/03/05/526252-justice-shekhar-b-saraf-allahabad-high-court.webp)
The Allahabad High Court has held that the limitations prescribed under special statutes, such as Finance Act, 1994 will prevail over the limitations mentioned in the Limitation Act, 1963.The Court...
Steps to revitalise Kenya's special economic zones to maximise their potential began mid-last year when the Finance Act 2023 was passed.