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Bombay High Court Quashes Massive Penalty Over Bicycle Parking in Society
The Bombay High Court invalidated a steep retrospective penalty imposed by a housing society for parking an eleven thousand rupee bicycle in a staircase.
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Bangalore ITAT Rules Demonetised Notes for Loan Recovery Are Not Taxable Under Section 68
The Bangalore ITAT ruled that demonetised notes accepted for loan recoveries are not taxable under Section 68, easing tax burdens for cooperatives.
Posted inBlog
Bangalore ITAT Rules Demonetised Notes for Loan Recovery Not Taxable Under Section 68
The Bangalore ITAT ruled that demonetised notes deposited for loan recovery are not taxable under Section 68, offering major relief to cooperatives.