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ITAT Ruling Clarifies Limits of Section 69 for Documented NBFC Funding
ITAT clarifies Section 69 limits, ruling documented NBFC funding is explained income, preventing tax penalties for legitimate capital sources.
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Delhi’s New Stamp Duty Mandate: A Critical Shift for Corporate Compliance
Delhi businesses must understand the new 0.1% stamp duty on all share issuances starting 2025 to ensure corporate compliance and avoid penalties.
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IBBI Overhauls CIRP Regulations to Streamline Insolvency Resolution
The Insolvency and Bankruptcy Board of India (IBBI) officially notified the Corporate Insolvency Resolution Process (CIRP) Amendment Regulations 2026 this week, marking a significant regulatory push to minimize litigation and…
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IBBI Overhauls Liquidation Framework to Empower Committee of Creditors
The Insolvency and Bankruptcy Board of India (IBBI) has officially amended its liquidation regulations this week, fundamentally shifting the power dynamic by placing the Committee of Creditors (CoC) at the…
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ITAT Ruling Clarifies Tax Treatment of Subsidiary Write-Offs and DTAA Dividend Compliance
Setting the Precedent for Commercial ExpediencyThe Income Tax Appellate Tribunal (ITAT) recently issued a landmark ruling establishing that a parent company may claim a write-off on subsidiary investments as a…
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ITAT Delhi Rules Against Reducing Section 80IB Deductions by Section 80HHC Claims
Clarifying Tax Deduction ComputationsThe Income Tax Appellate Tribunal (ITAT) Delhi recently issued a pivotal ruling clarifying that deductions claimed under Section 80IB cannot be automatically reduced by the amount already…
Posted inTaxation and Legal Insights
Tax Officers Cannot Arbitrarily Reject DCF Method for Share Valuation, Rules ITAT Mumbai
The Income Tax Appellate Tribunal (ITAT) Mumbai bench has delivered a landmark ruling, declaring that tax Assessing Officers cannot unilaterally substitute the Discounted Cash Flow (DCF) method with the Net…