A UAE company that earned over ₹4 crore in interest from India and had full TDS deducted was held not required to file an ITR under Section 115A(5), leading the ITAT Delhi to quash the reassessment as invalid.

The appellate tribunal held that acknowledgements of debt in the corporate debtor’s balance sheets bind the guarantor under Section 128 of the Contract Act, thereby extending the limitation

The appellate tribunal held that acknowledgements of debt in the corporate debtor’s balance sheets bind the guarantor under Section 128 of the Contract Act, thereby extending the limitation