Rule 3(7)(i) and Section 17(2)(viii) Upheld; SBI Rate Benchmark for Concessional Loans Valid
Rule 3(7)(i) and Section 17(2)(viii) Upheld; SBI Rate Benchmark for Concessional Loans Valid Issue Whether Section 17(2)(viii) of the Income-tax Act, 1961 (corresponding to Section 16 of the Income-tax Act, 2025) and Rule 3(7)(i) of the Income-tax Rules, 1962 (corresponding to Rule 15 of the Income-tax Rules, 2026) are constitutionally valid, within permissible delegation limits,… Read More »