Corporate Laws

MCA - Frequently Asked Questions (FAQs) - V3 Company Forms - taxscan

MCA issues Frequently Asked Questions (FAQs) V3 Company Forms

August 17, 2022

MCA Simplifies Procedure for PAN application & allotment for Incorporating LLPs [Read Circular]

August 17, 2022

IBBI - Service Providers - IBC - taxscan

IBBI disposes off 6,172 Complaints and Grievances out of 6,231 against Service Providers under IBC

August 11, 2022

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Interest paid - convertible debentures - interest - equity - expenditure - ITAT - taxscan

Interest paid on Convertible Debentures is not Interest on Equity and allowable as Expenditure u/s. 36(1)(iii): ITAT [Read Order]

August 18, 2022

The Income Tax Appellate Tribunal (ITAT), Bangalore held that Interest paid on convertible debentures is not interest on equity and allowable as expenditure under Section 36(1)(iii). The only issue raised by assessee, M/s. CAE Flight Training (India) Pvt Ltd is in respect of treating Compulsory Convertible Debentures (CCDs) as equity and holding that no interest […]

Indigo Airlines - Subsidy - Aircraft Engines - Capital Receipts - ITAT - taxscan

Relief to Indigo Airlines: Credit/Subsidy from Suppliers of Aircraft Engines and other Components are Capital Receipts, rules ITAT [Read Order]

August 18, 2022

The Income Tax Appellate Tribunal (ITAT), Delhi Bench has held that the credit or subsidy from suppliers of aircraft engines and other components are capital receipts and deleted the addition. The appellant, M/s. Inter Globe Aviation Ltd is engaged in the business of operation of low-cost airlines in India under the name and style of […]

Amount paid by Purchaser of Property to Tenant can’t be taxed in the Capital Asset of Owner: ITAT [Read Order]

August 18, 2022

The Chennai bench of the Income Tax Appellate Tribunal (ITAT) has held that amount paid by the purchaser of property to the tenant can’t be taxed in the capital asset of the owner. The four assessees are members of the same family. Smt. Halima obtained the property measuring 4,400 sq. ft from her father Shri […]

TDS Deduction - Insurance Companies - Punjab and Haryana HC - taxscan

No TDS Deduction by Insurance Companies on Interest on Compensation to Claimant prior to 1st June 2015: Punjab & Haryana HC [Read Order]

August 18, 2022

In a major relief to those who are yet to receive long-pending insurance claims with interest, the Punjab and Haryana High Court has held that TDS cannot be deducted by the insurance companies on the interest on the compensation amount till 1.06.2015. Justice Arvind Singh Sangwan was considering a revision petition by the New India […]

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Interest paid on Convertible Debentures is not Interest on Equity and allowable as Expenditure u/s. 36(1)(iii): ITAT [Read Order]

August 18, 2022

Relief to Indigo Airlines: Credit/Subsidy from Suppliers of Aircraft Engines and other Components are Capital Receipts, rules ITAT [Read Order]

August 18, 2022

Amount paid by Purchaser of Property to Tenant can’t be taxed in the Capital Asset of Owner: ITAT [Read Order]

August 18, 2022

No TDS Deduction by Insurance Companies on Interest on Compensation to Claimant prior to 1st June 2015: Punjab & Haryana HC [Read Order]

August 18, 2022

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