Denial of Exemption Claim from Payment of Income Tax on Interest Income Based on Technical Ground: Kerala HC directs to Consider Application Filed before CBDT [Read Order]

The respondent department denied the exemption claim from payment of income tax on interest income based on technical grounds

By Yogitha S. Yogesh - On April 4, 2024 3:01 pm - 2 mins read

Kerala High Court - CBDT - Income Tax - Exemption Claim - TAXSCAN

In a recent case, the Kerala High Court directed to consider the application filed before the Central Board of Direct Taxes ( CBDT ) under Section 119(2)(b) of the Income Tax Act, 1961. The respondent department denied the exemption claim from payment of income tax on interest income based on technical grounds. C A Jojo,…

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