Supreme Court Upholds Tax on Concessional Loans for Bank Employees: All India Bank Officers’ Confederation vs. Central Bank of India (2024)

/ Constitutional Law, Constitutional Law with Article 14, Fundamental Rights, Income Tax Act, 1961, Income Tax Act, 1961 with Section 17, Income Tax Rules, 1962, Income Tax Rules, 1962 with Rule 3, Perquisites, Tax on Concessional Loans, Taxation of Salary, Valuation of Perquisites

Supreme Court Upholds Tax on Concessional Loans for Bank Employees: All India Bank Officers’ Confederation vs. Central Bank of India (2024) LEGAL ISSUE: Whether the tax on interest-free or concessional loans provided by banks to their employees is valid. CASE TYPE: Tax Law Case Name: All India Bank Officers’ Confederation vs. The Regional Manager, Central […]

Supreme Court Upholds Tax on Concessional Loans for Bank Employees: All India Bank Officers’ Confederation vs. Central Bank of India (2024) Read Post »