Tag Archives: bank of baroda

Statutory Refund Adjustment Priority Requires Clearing Accrued Section 244A Interest Before Appropriating Principal Tax Issue Whether the Revenue is required to adjust the interest component first before appropriating the principal tax amount while crediting a refund to the assessee under Section 244A of the Income-tax Act, 1961 (Section 437 of the Income-tax Act, 2025). Facts… Read More »

ITAT Rules in Favor of Public Sector Bank Across Key Corporate Tax and Accounting Disallowances ITAT Rules in Favor of Public Sector Bank Across Key Corporate Tax and Accounting Disallowances Issue FCTR Balance & Sec 43AA: Whether the opening balance of Foreign Currency Translation Reserve (FCTR) accumulated from non-integral foreign operations in preceding years can… Read More »