![SBI has Right to Deny Appointment Based on Poor CIBIL Report and Loan Defaults: Madras HC [Read Order]](https://images.taxscan.in/h-upload/2025/06/26/500x300_2054802-sbi-sbi-has-right-to-deny-appointment-appointment-based-on-poor-cibil-report-cibil-report-taxscan.webp "SBI has Right to Deny Appointment Based on Poor CIBIL Report and Loan Defaults: Madras HC [Read Order]")
SBI has Right to Deny Appointment Based on Poor CIBIL Report and Loan Defaults: Madras HC [Read Order]
In a recent decision, the Madras High Court upheld the State Bank of India’s (SBI) right to cancel a candidate’s appointment if they have an adverse...
Bad Debts arising out of Business of Credit Card Services is part of Banking Activities: ITAT allows deduction claimed by HDFC Bank u/s 36(1)(vii) of Income Tax Act [Read Order]
The Mumbai bench, Income Tax Appellate Tribunal ( ITAT ) while allowing the deduction claimed by the HDFC Bank under Section 36(1)(vii) of the Income Tax Act, 1961 held that bead debts arising out of...
![Bad Debts arising out of Business of Credit Card Services is part of Banking Activities: ITAT allows deduction claimed by HDFC Bank u/s 36(1)(vii) of Income Tax Act [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/03/ITAT-ITAT-Mumbai-Income-tax-Income-tax-news-HDFC-Bank-Credit-card-services-taxscan.jpg "Bad Debts arising out of Business of Credit Card Services is part of Banking Activities: ITAT allows deduction claimed by HDFC Bank u/s 36(1)(vii) of Income Tax Act [Read Order]")
UPI Auto Payment of Credit Card Bill Payment Limits Set to Surge Without AFA Requirement - What You Need to Know
RBI's governor has announced plans to raise UPI auto payment limits for specific transactions without Additional Factor Authentication (AFA). Payments up to Rs 1 lakh, including mutual fund...
UPI's Interlink with Fast Payment Systems of other Countries Facilitates Cross-Border Payments 24x7, says Central Minister Pankaj Chaudhary [Read Order]
The Central Minister Pankaj Chaudhary has stated that the Government and Reserve Bank of India (RBI) has proposed the interlinking of UPI with the Fast Payment Systems of other Countries to...
Bad Debts from Credit Card Business Deductible as Business Loss: ITAT Grants Relief to IndusInd Bank [Read Order]
The Mumbai bench of the Income Tax Appellate Tribunal (ITAT), while allowing relief to IndusInd Bank has held that the bad debts arising from the credit card business shall be allowable as business...
![Bad Debts from Credit Card Business Deductible as Business Loss: ITAT Grants Relief to IndusInd Bank [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/12/Bad-Debts-Bad-Debts-from-Credit-Card-Business-Business-Loss-ITAT-IndusInd-Bank-taxscan.jpg "Bad Debts from Credit Card Business Deductible as Business Loss: ITAT Grants Relief to IndusInd Bank [Read Order]")
Reimbursement of Sales Promotion Expenses incurred through Credit Card to Directors cannot be Disallowed: ITAT [Read Order]
The Income Tax Appellate Tribunal ( ITAT ), Mumbai bench, while deleting a disallowance, has held that the reimbursement of sales promotion expenses incurred through Credit Card to the directors of...
![Reimbursement of Sales Promotion Expenses incurred through Credit Card to Directors cannot be Disallowed: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/11/Reimbursemen-Sales-Promotion-Expenses-Credit-Card-Directors-ITAT-taxscan.jpg "Reimbursement of Sales Promotion Expenses incurred through Credit Card to Directors cannot be Disallowed: ITAT [Read Order]")
Completion of Assessment in Hand of Company enough to prove Expense incurred for Business, Section 2(22)(e) can't be invoked: ITAT [Read Order]
The Chennai Bench Income Tax Appellate Tribunal (ITAT) held that completion of assessment in the hand of the company is enough to prove the expense incurred for business and section 2(22) e cannot be...
![Completion of Assessment in Hand of Company enough to prove Expense incurred for Business, Section 2(22)(e) cant be invoked: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/09/Completion-of-assessment-expense-incurred-for-business-Section-222e-ITAT-Taxscan.jpg "Completion of Assessment in Hand of Company enough to prove Expense incurred for Business, Section 2(22)(e) cant be invoked: ITAT [Read Order]")