Relief to MPhasis Ltd: Reasonable Time Limit u/s 201 of Income Tax Act applicable to Non-Residents, rules Karnataka HC [Read Order]

The Court recognized the eligibility of the Assessee to be recognized in the scope of Section 201 of the Income Tax Act in light of lack of legislation passed by the Parliament

By Avinash Kurungot - On August 26, 2024 11:50 am - 2 mins read

Relief - MPhasis Ltd - Reasonable Time Limit - Income Tax Act - Non-Residents - Karnataka HC - taxscan

The Karnataka High Court ruled in a recent Income Tax Appeal before it, that limitation on the basis of ‘Reasonable Time Limit’ under Section 201 of the Income Tax Act, 1961 applies to Non-Residents as much as it does to Residents. The Appeal was filed by the Income Tax Department challenging an Order of the…

Your free access to Taxscan has Expired

To read the article, get a premium account.

Taxscan Premium

Why should you subscribe?

Enjoy our website without interruptions from advertisements
Receive Daily newsletters
Receive realtime Telegram/Whatsapp news updates
Download original Judgements / Order / Notifications / Circulars, etc
Enjoy exclusive entry fees to Simplified series. (Webinars, Seminars, masterclasses, etc.)

₹1599 + GST for 1 year

Subscribe Now

Topics