Supreme Court Clarifies Mandatory Nature of Declaration for Section 10B Exemption: Principal Commissioner of Income Tax-III vs. M/s Wipro Limited (2022)

/ B.V. Nagarathna, Exemption Provisions, Income Tax Act, 1961, Income Tax Act, 1961 with Section 10B(8), Income Tax Act, 1961 with Section 139(1), Judges, M.R. Shah

Supreme Court Clarifies Mandatory Nature of Declaration for Section 10B Exemption: Principal Commissioner of Income Tax-III vs. M/s Wipro Limited (2022) LEGAL ISSUE: Whether the declaration under Section 10B(8) of the Income Tax Act, 1961, must be furnished before the due date of filing the original return of income to claim exemption. CASE TYPE: Income […]

Supreme Court Clarifies Mandatory Nature of Declaration for Section 10B Exemption: Principal Commissioner of Income Tax-III vs. M/s Wipro Limited (2022) Read Post »