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![Fresh Notice to Legal Heirs of Borrower Not required to take Possession u/s 14 SARFAESI Act: J&K HC [Read Order]](https://images.taxscan.in/h-upload/2025/07/27/500x300_2069665-jammu-and-kashmir-high-court-taxscan.webp "Fresh Notice to Legal Heirs of Borrower Not required to take Possession u/s 14 SARFAESI Act: J&K HC [Read Order]")
Fresh Notice to Legal Heirs of Borrower Not required to take Possession u/s 14 SARFAESI Act: J&K HC [Read Order]
Mst. Sundri vs The Jammu & Kashmir Bank LtdThe Jammu & Kashmir High Court ruled that a secured creditor may use Section 14 of the ...
![Loan Dispute Settled via OTS: Allahabad HC quashes Charge Sheet Against Accused Who Had Business Dealings with Borrower [Read Order]](https://images.taxscan.in/h-upload/2025/07/10/250x150_2062450-haryana-launches-one-time-tax-settlement-scheme-unsettled-pre-gst-dues-taxscan.webp "Loan Dispute Settled via OTS: Allahabad HC quashes Charge Sheet Against Accused Who Had Business Dealings with Borrower [Read Order]")
One-Time Settlement of Debt by Bank not Perquisite from Business If Loan granted to Assessee was a Separate Transaction: ITAT [Read Order]
The Ludhiana bench of the ITAT has held that the one-time settlement of debt by the bank cannot be treated as perquisite from the business under section 28(iv) of the Income Tax Act, 1961 if such loan...
![One-Time Settlement of Debt by Bank not Perquisite from Business If Loan granted to Assessee was a Separate Transaction: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2018/11/CA-Certificate-ITAT-Taxscan.jpg "One-Time Settlement of Debt by Bank not Perquisite from Business If Loan granted to Assessee was a Separate Transaction: ITAT [Read Order]")
Assessee is entitled for deduction u/s 43B of the Income Tax Act to the interest on loan waived by bank in one time settlement: Madras HC [Read Order]
The division bench of Madras High Court upheld the decision of ITAT holding that the assessee is entitled for deduction under Section 43B of the Income Tax Act with respect to the interest on loan...
