Supreme Court Quashes HC Order on CBDT Software Changes for TDS Relief
Supreme Court upholds Section 205 protection for taxpayers but quashes Gujarat HC’s order directing CBDT to modify tax software for TDS defaults.
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Supreme Court upholds Section 205 protection for taxpayers but quashes Gujarat HC’s order directing CBDT to modify tax software for TDS defaults.
Delhi High Court ruled that employees cannot be denied TDS credit if the employer failed to deposit tax, holding recovery must be from the employer, not salaried workers.
Courts and CBDT clarify that share valuation must strictly follow Rule 11UA. Isolated or negotiated transactions cannot override statutory FMV methods under income tax law.
Madhya Pradesh High Court rules VDIS immunity covers source of income, not accuracy of disclosure. Income tax scrutiny allowed for discrepancies.
Know how much gold families can legally keep in India without proof. CBDT limits for women and men, tax penalties, seizure rules, and income tax raid risks explained.