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![Pledge Shares to Support Sister Concern’s Loan is Business Activity: Madras HC Backs Writing off of ₹8.46 Crore Bad Debt [Read Order]](https://images.taxscan.in/h-upload/2025/06/08/500x300_2041692-pledge-shares-support-sister-loan-is-business-activity-madras-hc-writing-off-bad-debt-taxscan.webp "Pledge Shares to Support Sister Concern’s Loan is Business Activity: Madras HC Backs Writing off of ₹8.46 Crore Bad Debt [Read Order]")
Pledge Shares to Support Sister Concern’s Loan is Business Activity: Madras HC Backs Writing off of ₹8.46 Crore Bad Debt [Read Order]
The Madras High Court has upheld the write-off of ₹8.46 crore as a valid business loss ruling that pledging shares to secure a loan for a sister...
![Madras High Court allows Benefit of CENVAT Refund, as Credit of Duty was not able to use after introduction of GST [Read Order]](https://www.taxscan.in/wp-content/uploads/2021/04/Madras-High-Court-CENVAT-refund-GST-Taxscan.jpg "Madras High Court allows Benefit of CENVAT Refund, as Credit of Duty was not able to use after introduction of GST [Read Order]")
![Madras HC directs GST Authorities to allow benefit of Refund Claim as Legitimate Export Incentives can’t be denied [Read Order]](https://www.taxscan.in/wp-content/uploads/2021/04/Madras-High-Court-GST-Authorities-refund-claim-legitimate-export-Taxscan.jpg "Madras HC directs GST Authorities to allow benefit of Refund Claim as Legitimate Export Incentives can’t be denied [Read Order]")
![‘Bitumen Emulsion’ is 5% Taxable under TNVAT Act, 2006: Madras High Court [Read Judgment]](https://www.taxscan.in/wp-content/uploads/2020/01/Bitumen-Emulsion-TNVAT-Taxscan.jpg "‘Bitumen Emulsion’ is 5% Taxable under TNVAT Act, 2006: Madras High Court [Read Judgment]")