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ITAT Chennai Clarifies Section 80IA Deduction for Captive Power Consumption
ITAT Chennai clarifies Section 80IA deduction for captive power, ruling market value must use TNEB industrial tariffs, not purchase rates.
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ITAT Chennai Rules Enhanced Leave Encashment Exemption Applies Retrospectively
ITAT Chennai ruled the Rs. 25 lakh leave encashment exemption applies retrospectively, benefiting non-government employees with past tax claims.
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Consumer Court Upholds Housing Board’s Possession Transfer in Rajasthan Plot Dispute
Discover how a consumer court in Rajasthan upheld the Housing Board's plot possession transfer despite a consumer's appeal in a Hanumangarh dispute.
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Lender Banks Face Contempt Over Rolled-Over BG Limits in Jyoti Structures Case
NCLAT reviews an NCLT order threatening banks with imprisonment for not releasing rolled-over BG limits to Jyoti Structures, impacting corporate insolvency.
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Bombay High Court Invalidates Tax Demands Due to Lack of Documentation
Bombay High Court rules tax demands are invalid if the Income Tax Department fails to provide foundational assessment or intimation orders.
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Consumer Court Orders ICICI Prudential to Pay Rs. 50 Lakhs in Life Insurance Claim Dispute
Discover how a consumer court compelled ICICI Prudential to pay Rs. 50 lakhs plus interest in a significant life insurance claim dispute.
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Supreme Court Weighs Crucial Insolvency Case Appeal
The Supreme Court reviews a pivotal insolvency case appeal challenging an NCLT order involving Phoenix ARC and Andes Town Planners.
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Hero MotoCorp Wins Key Tax Dispute, Upholding Input Tax Credit Claims
Hero MotoCorp secures a major victory in a tax dispute, upholding its input tax credit claims and setting a precedent for the manufacturing sector.
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Tax Tribunal Upholds Sales-Purchase Link, Deletes Bogus Purchase Addition
Discover how the Tax Tribunal ruled that accepted sales validate linked purchases, preventing 'bogus' additions and stressing documentary evidence.
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Notional Interest on Business Advances Not Taxable Without Real Accrual, Rules ITAT Delhi
The Income Tax Appellate Tribunal (ITAT), Delhi Bench, has ruled that notional interest on business advances cannot be taxed if no real income has actually accrued or been received by…