Search Results for "inter-corporate deposit"

13 result(s) found

Scroll Down To Discover

Found 13 result(s)

© Image Copyrights Juris Services & Technology

Bombay High Court Dismisses Revenue's Appeal in Income Tax Bad Debt Deduction Case. Assessee's Claim for Deduction of Written-Off Principal Deposit as Bad Debt Under Section 36(1)(vii) Read with Section 36(2) of Income Tax Act, 1961 Allowed Based on Precedent of Pudumjee Pulp and Paper Mills Limited.

The appeal before the Bombay High Court arose from an income tax assessment for Assessment Year 2005-06. The respondent assessee had filed its return ...

© Image Copyrights Juris Services & Technology

National Company Law Appellate Tribunal Considers Appeal Against Admission of Coffee Day Enterprises to CIRP Under Section 7 of Insolvency Code. Appeal Raises Questions on the Validity of Debenture Trustee's Action and Limitation Period Based on Debenture Trust Deed Provisions.

The appeal arose from an order of the NCLT Bengaluru Bench admitting Coffee Day Enterprises Limited (the corporate debtor) into Corporate Insolvency R...

© Image Copyrights Juris Services & Technology

Bombay High Court Allows Revenue's Appeal in Income Tax Case on Interest Income Classification. Interest income from bank deposits, intercorporate deposits, call money, debentures, and from Income Tax Department held not to be business income for deduction under Section 80HHC of the Income Tax Act, 1961.

The Revenue Department filed appeals under Section 260-A of the Income Tax Act, 1961 against the orders of the Income Tax Appellate Tribunal (ITAT) fo...

© Image Copyrights Juris Services & Technology

Bombay High Court Dismisses Revenue's Appeal in Income Tax Penalty Case. Journal Entry Set-off for Loan Repayment Does Not Violate Section 269T of Income Tax Act, 1961, as It Is Not a Repayment but an Adjustment of Mutual Claims.

The case involves an appeal by the Commissioner of Income Tax against the order of the Income Tax Appellate Tribunal (ITAT) which deleted the penalty ...

© Image Copyrights Juris Services & Technology

Bombay High Court Dismisses Promoter's Challenge to Pledge of Shares During Lock-In Period — Pledge Held Valid as Lock-In Restricts Transfer of Title, Not Interest. Court Rules That Pledge Under Section 172 of Contract Act Does Not Violate SEBI ICDR Regulations, 2009.

The plaintiff, Kannan Vishwanath, a promoter and managing director of Dr. Datson Labs Limited, filed a suit and notice of motion seeking a declaration...