CBI files Chargesheet against 24 Accused including Chartered Accountant for Causing an Alleged Loss of Rs.297.80 cr to Bank
The Central Bureau of Investigation has today filed a charge sheet before Special Judge for CBI Cases, Mumbai against 24 accused including a private...
NBFCs having assets worth 100 Cr and above shall be considered as Financial Institutions: Finance Ministry reduces Eligibility Limit for Debt Recovery [Read Notification]
The Ministry of Finance has notified that Non-Banking Financial Institutions (NBFCs) having assets worth 100 Crore rupees and above can be conferred the status of Financial institutions. This comes...
![NBFCs having assets worth 100 Cr and above shall be considered as Financial Institutions: Finance Ministry reduces Eligibility Limit for Debt Recovery [Read Notification]](https://www.taxscan.in/wp-content/uploads/2020/02/NBFCs-Assets-Financial-Institutions-Investments-Taxscan.jpg "NBFCs having assets worth 100 Cr and above shall be considered as Financial Institutions: Finance Ministry reduces Eligibility Limit for Debt Recovery [Read Notification]")
Providing Assistance to Banks and Financial Institutions for Fee can be treated as for ‘Charitable Purpose’: Hyderabad HC [Read Judgment]
The High court of Hyderabad recently held that providing aid to banks and financial institution for fee can be treated as charitable purpose for which exemption is available under the provisions of...
![Providing Assistance to Banks and Financial Institutions for Fee can be treated as for ‘Charitable Purpose’: Hyderabad HC [Read Judgment]](https://www.taxscan.in/wp-content/uploads/2017/11/IDRBT-Taxscan.jpg "Providing Assistance to Banks and Financial Institutions for Fee can be treated as for ‘Charitable Purpose’: Hyderabad HC [Read Judgment]")
Waiver of Interest by Financial Institutions is Assessable as income of the Amalgamating Company on availing Benefit of Sec 72A: SC [Read Judgment]
In a recent ruling, a two-judge bench of the Supreme Court categorically held that the waiver of interest by financial institutions is assessable from the hands of the Amalgamating Company on availing...
![Waiver of Interest by Financial Institutions is Assessable as income of the Amalgamating Company on availing Benefit of Sec 72A: SC [Read Judgment]](https://www.taxscan.in/wp-content/uploads/2016/08/Supreme-Court-of-India-Taxscan.jpg "Waiver of Interest by Financial Institutions is Assessable as income of the Amalgamating Company on availing Benefit of Sec 72A: SC [Read Judgment]")