Income-tax Act, 1961 with Section 40(a)(iib)

Supreme Court Clarifies Deductibility of Fees and Taxes for State-Owned Liquor Corporation: Kerala State Beverages vs. ACIT (2022)

/ Constitutional Law, Constitutional Law with Article 289, Hrishikesh Roy, Income-tax Act, 1961, Income-tax Act, 1961 with Section 143(3), Income-tax Act, 1961 with Section 40, Income-tax Act, 1961 with Section 40(a)(iib), Judges, R. Subhash Reddy

Supreme Court Clarifies Deductibility of Fees and Taxes for State-Owned Liquor Corporation: Kerala State Beverages vs. ACIT (2022) LEGAL ISSUE: Whether certain fees and taxes paid by a state-owned corporation are deductible expenses under Section 40(a)(iib) of the Income-tax Act, 1961. CASE TYPE: Income Tax Law Case Name: Kerala State Beverages Manufacturing & Marketing Corporation […]

Supreme Court Clarifies Deductibility of Fees and Taxes for State-Owned Liquor Corporation: Kerala State Beverages vs. ACIT (2022) Read Post »

Supreme Court clarifies Section 40(a)(iib) of Income Tax Act: Kerala State Beverages vs. ACIT (2022)

/ Amounts Not Deductible, Constitutional Law, Constitutional Law with Article 289, Hrishikesh Roy, Income-tax Act, 1961, Income-tax Act, 1961 with Section 40, Income-tax Act, 1961 with Section 40(a)(iib), Judges, R. Subhash Reddy

Supreme Court clarifies Section 40(a)(iib) of Income Tax Act: Kerala State Beverages vs. ACIT (2022) Date of the Judgment: January 03, 2022 Citation: 2022 INSC 4 Judges: R. Subhash Reddy, J., Hrishikesh Roy, J. Can a state government undertaking claim deductions for fees paid to the state? The Supreme Court of India recently addressed this

Supreme Court clarifies Section 40(a)(iib) of Income Tax Act: Kerala State Beverages vs. ACIT (2022) Read Post »

Supreme Court Clarifies Deductibility of State Levies Under Section 40(a)(iib) of Income Tax Act: Kerala State Beverages vs. ACIT (2022)

/ Constitutional Law, Constitutional Law with Article 289, Hrishikesh Roy, Income-tax Act, 1961, Income-tax Act, 1961 with Section 143(3), Income-tax Act, 1961 with Section 40, Income-tax Act, 1961 with Section 40(a)(iib), Judges, R. Subhash Reddy

Supreme Court Clarifies Deductibility of State Levies Under Section 40(a)(iib) of Income Tax Act: Kerala State Beverages vs. ACIT (2022) Date of the Judgment: January 03, 2022 Citation: (2022) INSC 1 Judges: R. Subhash Reddy, J., Hrishikesh Roy, J. Can a state-owned corporation deduct payments made to the state government, such as license fees and

Supreme Court Clarifies Deductibility of State Levies Under Section 40(a)(iib) of Income Tax Act: Kerala State Beverages vs. ACIT (2022) Read Post »

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