Supreme Court Refuses Plea by Micro and Small Enterprises Regarding 45-Day Payment Rule

Last updated: 07 May 2024

In a recent development, the Supreme Court (SC) has declined to entertain a plea filed by Micro and Small Enterprises (MSEs) challenging the 45-day payment rule stipulated in Section 43B(h) of the Income Tax Act. Instead, the apex court directed the MSEs to seek redressal from the High Court (HC), m

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Category Income Tax   Report

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