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Income Tax - Highlights / Catch Notes

Home Highlights November 2018 Year 2018 This

Exemption u/s 10(34) - If a certain income is exempt at the ...


Income Exemption Stays Valid u/s 10(34) Despite Payer's Tax Payment Failure, Unless Statute States Otherwise.

November 27, 2018

Case Laws     Income Tax     HC

Exemption u/s 10(34) - If a certain income is exempt at the hands of receiptant by virtue of statutory provision, unless a provision is made in the statute itself, such exemption cannot be withdrawn only because the payer has not paid tax.

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