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ITAT Upholds ₹5.31 Crore Disallowance on Dividend Stripping u/s 94(7), Holds Provision Extends to Full Dividend, Not Merely Exempt Portion [Read Order]
In a recent ruling, the Income Tax Appellate Tribunal (ITAT), Ahmedabad Bench, has upheld a disallowance of ₹5.31 crore under Section 94(7) of the...
ITAT Upholds ₹5.31 Crore Disallowance on Dividend Stripping u/s 94(7), Holds Provision Extends to Full Dividend, Not Merely Exempt Portion [Read Order]
ITAT ruled disallowance under Section 94(7) cannot be restricted to the exempt portion, despite the dividend beyond ₹10 lakh being separately taxed under Section 115BBDA
NCLT Admits CIRP Against Corporate Guarantor for Hyderabad FC Loan Default, Holds Guarantee Liability as ‘Financial Debt’ [Read Order]
The order marks a pivotal moment in the financial restructuring of entities linked to Hyderabad FC, underscoring the enforceability of corporate guarantees under the IBC framework
Kavi Priya
Yogitha S. Yogesh
Rupesh Sharma
Saagarika Gopinath
NCLT Admits CIRP Against Corporate Guarantor for Hyderabad FC Loan Default, Holds Guarantee Liability as ‘Financial Debt’ [Read Order]
The order marks a pivotal moment in the financial restructuring of entities linked to Hyderabad FC, underscoring the enforceability of corporate guarantees under the IBC framework
