ITAT Ahmedabad held that disallowance of deduction claimed under section 80IB(10) of the Income Tax Act rightly deleted as delay in BU was due to dispute of jurisdiction between AMC and AUDA. Accordingly, following judgement of Jurisdictional HC and SC disallowance rightly deleted.
ITAT Mumbai held that interest paid on loan from group entities are in the nature of reimbursement and therefore not liable for deduction of TDS. Therefore, addition made by AO is directed to be deleted.
SEBI’s draft circular proposes using DigiLocker to prevent unclaimed assets in India’s securities market. Public comments invited until Dec 31, 2024.
SEBI seeks public comments on a draft circular to simplify the monitoring of NRI position limits in exchange-traded derivatives, removing the need for CP Codes.
ICAI establishes a research center in Hyderabad to drive innovation in taxation, economic development, and governance, enhancing the accounting profession.
