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Homebuyer Claims S. 80C Deduction for Housing Loan Repayment, Wins Dept Challenge: Know How ITAT Ruled
The Income Tax Appellate Tribunal (ITAT) Panaji recently ruled in favour of a taxpayer who had claimed a deduction under Section 80C of the Income...

Reason for Default Irrelevant: NCLT Admits Section 7 Petition Rejecting COVID-19 & Technical Defences [Read Order]
The tribunal observed that once a corporate debtor defaults on a debt, the reason for the default, including inability to pay due to COVID-19, is irrelevant for admitting the petition. Technical objections, including alleged insufficient stamping of documents and procedural defects, were also rejected.

Reason for Default Irrelevant: NCLT Admits Section 7 Petition Rejecting COVID-19 & Technical Defences [Read Order]
The tribunal observed that once a corporate debtor defaults on a debt, the reason for the default, including inability to pay due to COVID-19, is irrelevant for admitting the petition. Technical objections, including alleged insufficient stamping of documents and procedural defects, were also rejected.