![Financial assistance given by Adhunik Corporation ltd can be treated as Financial Debt citing Element of Commercial Effect of Borrowing: NCLT [Read Order]](https://images.taxscan.in/h-upload/2025/08/27/500x300_2080930-financial-assistance-adhunik-corporation-ltd-financial-debt-nclt-taxscan.webp "Financial assistance given by Adhunik Corporation ltd can be treated as Financial Debt citing Element of Commercial Effect of Borrowing: NCLT [Read Order]")
Financial assistance given by Adhunik Corporation ltd can be treated as Financial Debt citing Element of Commercial Effect of Borrowing: NCLT [Read Order]
The Kolkata bench of the National Company Law Tribunal (NCLT) has held that financial assistance given by Adhunik Corporation Ltd can be treated as...
![Voluntary Surrender of Corporate Debtors Leased Property to Lessor not barred by IBC Moratorium: Supreme Court upholds NCLTs decision [Read Judgement]](https://images.taxscan.in/h-upload/2025/08/07/250x150_2073917-supreme-court-corporate-debtor-nclt-taxscan.webp "Voluntary Surrender of Corporate Debtors Leased Property to Lessor not barred by IBC Moratorium: Supreme Court upholds NCLTs decision [Read Judgement]")
Trust Facilitating Financial Assistance to the Poor, to Access Housing Credit, Not Eligible For Registration u/s.12AA: ITAT [Read Order]
The Income Tax Appellate Tribunal (ITAT), Chennai, has recently ruled that a trust facilitating financial assistance to the poor, to access housing credit, is not eligible for getting a registration...
![Trust Facilitating Financial Assistance to the Poor, to Access Housing Credit, Not Eligible For Registration u/s.12AA: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/09/Financial-Assistance-Housing-Credit-ITAT-taxscan.jpeg "Trust Facilitating Financial Assistance to the Poor, to Access Housing Credit, Not Eligible For Registration u/s.12AA: ITAT [Read Order]")
Startup India Seed Fund Scheme: Centre notifies corpus of Rs.945 Crores financial assistance for start-ups [Read Notification]
The Central Government has approved the ‘Startup India Seed Fund Scheme (SISFS)’ to provide financial assistance to startups for proof of concept, prototype development, product trials, market-entry,...
![Startup India Seed Fund Scheme: Centre notifies corpus of Rs.945 Crores financial assistance for start-ups [Read Notification]](https://www.taxscan.in/wp-content/uploads/2021/01/Startup-India-Seed-Fund-Scheme-taxscan.jpeg "Startup India Seed Fund Scheme: Centre notifies corpus of Rs.945 Crores financial assistance for start-ups [Read Notification]")
No GST applicable on the amount credited to H.P. Tourism Development Board by Govt. of H.P., as grant in aid or financial assistance: AAR [Read Order]
The Himachal Pradesh Authority of Advance Ruling (AAR) held that no GST applicable on the amount credited to H.P. Tourism Development Board by Govt. of H.P., as grants in aid or financial assistance....
![No GST applicable on the amount credited to H.P. Tourism Development Board by Govt. of H.P., as grant in aid or financial assistance: AAR [Read Order]](https://www.taxscan.in/wp-content/uploads/2020/12/GST-H.P.-Tourism-Development-Board-Govt.-of-H.P-financial-assistance-AAR-Himachal-Pradesh-AAR-Taxscan.jpg "No GST applicable on the amount credited to H.P. Tourism Development Board by Govt. of H.P., as grant in aid or financial assistance: AAR [Read Order]")
Financial Assistance by Father with Intention of Welfare of Sons not ‘Benami’: Supreme Court [Read Judgment]
The Supreme Court in the case of Smt. P. Leelavathi v. V. Shankarnarayana Rao held that the intention of the father to give financial assistance was for the purpose of welfare of his sons and not...
![Financial Assistance by Father with Intention of Welfare of Sons not ‘Benami’: Supreme Court [Read Judgment]](https://www.taxscan.in/wp-content/uploads/2019/01/Property-Tax-Supreme-Court-of-India-Taxscan.jpg "Financial Assistance by Father with Intention of Welfare of Sons not ‘Benami’: Supreme Court [Read Judgment]")
