Income Tax : This guide explains how employees can claim relief when salary, pension, or other benefits are received in arrears or advance. It ...
Company Law : Understand Sections 89 and 90 of the Companies Act, 2013, focusing on legal ownership declarations and significant beneficial owne...
Company Law : Delve into intricacies of Section 89 of Companies Act, 2013, governing beneficial interest in company shares. Learn about declarat...
Income Tax : Detailed insights into Section 89 of the Income Tax Act 1961, which offers tax relief on arrears or advance salary, pension, or co...
Income Tax : First of all, we should understand the concept of – Why Tax Relief is given to Taxpayers? Income Tax is Calculated on Assess...
Income Tax : ITAT held that foreign tax credit cannot be denied solely because Form No. 67 was filed after the return, subject to verification ...
Income Tax : The ITAT Pune held that compensation received under an Early Retirement Scheme could not be taxed as profits in lieu of salary und...
Income Tax : ITAT Indore held that delayed filing of Form 10E due to Covid-19 related circumstances should not automatically deny substantive r...
Income Tax : The Karnataka High Court accepted a mediation settlement in a prolonged land acquisition dispute after parties agreed on compensat...
Income Tax : Karnataka High Court directed that compensation paid under a mediated land acquisition settlement must be released without deducti...
ITAT held that foreign tax credit cannot be denied solely because Form No. 67 was filed after the return, subject to verification by the Assessing Officer.
The ITAT Pune held that compensation received under an Early Retirement Scheme could not be taxed as profits in lieu of salary under Section 17(3)(i). Following earlier judicial precedents, it directed deletion of the addition.
This guide explains how employees can claim relief when salary, pension, or other benefits are received in arrears or advance. It outlines the conditions, calculation method, and filing requirements under Section 89.
ITAT Indore held that delayed filing of Form 10E due to Covid-19 related circumstances should not automatically deny substantive relief under Section 89 if the assessee is otherwise eligible.
The Karnataka High Court accepted a mediation settlement in a prolonged land acquisition dispute after parties agreed on compensation, interest, and payment timelines. The Court held that the settlement would replace earlier awards and decrees under Section 89 CPC.
Karnataka High Court directed that compensation paid under a mediated land acquisition settlement must be released without deduction of TDS. The ruling relied on an earlier High Court decision concerning compulsory acquisition compensation.
ITAT Hyderabad held that CPC cannot make adjustments under Section 143(1)(a) without issuing prior intimation to the assessee as mandated by law. The Tribunal quashed the tax adjustment denying concessional tax benefits because the mandatory opportunity of response was not provided.
The Court held that failure to comply with payment conditions under the 2020 Scheme automatically revived withdrawn revision petitions. This made the assessee eligible under the 2024 DTVSV Scheme.
The tribunal held that a petition is not maintainable where the applicant is neither a shareholder nor member, and where disputes stem from a private MoU rather than company affairs.
Tripura High Court held that an order accepting bond under section 88 of the Code of Criminal Procedure [CrPC]from the accused doesn’t amount to a grant of bail. Accordingly, the present bail application is disposed of.
