ITAT Hyderabad held that interest on loan taken to acquire shares of any company for taking controlling interest is eligible as deduction under section 36(1)(iii) of the Income Tax Act. Accordingly, appeal of revenue dismissed.
NCLAT Delhi held that when the debt invoking the guarantee falls between the 10A period application u/s. 7 of the Insolvency and Bankruptcy Code is barred by limitation. Accordingly, order rejecting application upheld.
Learn about the revised Section 44ADA, eligibility, new ₹75L threshold, benefits, and compliance rules for professionals under presumptive taxation in India.
ITAT Mumbai upheld CIT(A)’s rulings in ACIT vs GM Modular Pvt. Ltd., addressing unverified purchases, PF/ESI disallowances, and incriminating material in search cases.
Bombay High Court sets aside Section 148-A notice issued to Dilip Powar, ruling it as a change of opinion and beyond the permissible time limit.
Madras High Court rules notice pay received by GE T&D India from employees not liable to service tax under Section 66E(e) of the Finance Act, 1994.
ITAT Delhi quashes assessments due to mechanical approvals under Section 153D, citing lack of application of mind. Learn about key judicial precedents and findings.
Allahabad HC upheld ITAT’s decision in PCIT vs Sapna Gupta, ruling the Section 153D approval was mechanical, invalidating the assessment proceedings.
SEBI invites public feedback by May 12, 2025, on a draft circular proposing limited relaxation from certain LODR provisions for listed non-convertible debt securities.
SEBI invites public comments on proposed amendments to the ODR framework for dispute resolution in the securities market. Deadline: May 12, 2025.
