TDS Default by SBI on LTC Payments: ITAT deletes Penalty
The Bangalore bench of the Income Tax Appellate Tribunal ( ITAT ), on Friday deleted the penalty proceedings initiated by the tax department against...
Late Fee u/s 234E can’t be Levied Retrospectively: ITAT grants relief to SBI Branches [Read Order]
The Agra Bench of Income Tax Appellate Tribunal ( ITAT ) adjudicating in favor of the assessee held that late fees under Section 234E of the Income Tax Act cannot be levied retrospectively. The issue...
![Late Fee u/s 234E can’t be Levied Retrospectively: ITAT grants relief to SBI Branches [Read Order]](https://www.taxscan.in/wp-content/uploads/2016/11/SBI.jpg "Late Fee u/s 234E can’t be Levied Retrospectively: ITAT grants relief to SBI Branches [Read Order]")
Electoral Bonds: SBI does not Share the Serial Number with anybody, including the Government and Users
The Government has clarified that State Bank of India (SBI) does not Share the Serial Number of Electoral Bonds with anybody, including the Government and Users The Government notified the scheme of...
ITAT Allows 80P Deduction to ‘Interest Income’ earned by SBI Officers Co-op. Credit Society Ltd on deposits placed with SBI [Read Order]
A division bench of the Hyderabad ITAT, while granting relief to M/s SBI Officers Coop. Credit Society Ltd, held that the society is eligible for deduction under Section 80P of the Income Tax Act,...
SBI need not Deduct TDS on Site Restoration Fund of ONGC & Interest Paid on it: ITAT Dismisses Dept’s Plea [Read Order]
While dismissing a departmental appeal, the Income Tax Appellate Tribunal, G bench held that the State Bank of India (SBI) s not bound to deduct tax at source on site restoration fund of ONGC and the...
![SBI need not Deduct TDS on Site Restoration Fund of ONGC & Interest Paid on it: ITAT Dismisses Dept’s Plea [Read Order]](https://www.taxscan.in/wp-content/uploads/2017/03/SBI-Taxscan.jpg "SBI need not Deduct TDS on Site Restoration Fund of ONGC & Interest Paid on it: ITAT Dismisses Dept’s Plea [Read Order]")