![Borrowed Funds not utilized for making Investments: Calcutta HC quashes proceedings against Century Enka [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/03/Borrowed-Funds-Investments-Calcutta-High-Court-Century-Enka-Taxscan.jpg "Borrowed Funds not utilized for making Investments: Calcutta HC quashes proceedings against Century Enka [Read Order]")
Borrowed Funds not utilized for making Investments: Calcutta HC quashes proceedings against Century Enka [Read Order]
The Calcutta High Court quashed proceedings against Century Enka Limited on the ground that borrowed funds were not utilized for making investments. ...
![Donations and Investments made for Charity and Educational Purposes are Deductible: ITAT deletes Additions [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/10/Donations-Investments-Charity-ITAT-taxscan.jpg "Donations and Investments made for Charity and Educational Purposes are Deductible: ITAT deletes Additions [Read Order]")
![Investments Converted into Stock-in-Trade can avail exemption u/s 10(38): ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/05/Investments-Stock-in-Trade-exemption-ITAT-taxscan-1.jpg "Investments Converted into Stock-in-Trade can avail exemption u/s 10(38): ITAT [Read Order]")
ITAT directs Assessing Officer to include only Investments yielding Dividend Income for Computing disallowance [Read Order]
The Income Tax Appellate Tribunal (ITAT), Delhi Bench directed the AO to include only investments yielding dividend income for computing disallowance. The assessee company, M/s Religare Securities...
![ITAT directs Assessing Officer to include only Investments yielding Dividend Income for Computing disallowance [Read Order]](https://www.taxscan.in/wp-content/uploads/2021/02/ITAT-AO-investments-dividend-income-computing-disallowance-Taxscan.jpg "ITAT directs Assessing Officer to include only Investments yielding Dividend Income for Computing disallowance [Read Order]")
No Disallowance of Interest Expenditure if Interest-Free Funds are more than Value of Investments and Loan Funds haven’t used to make Investments: ITAT
The Income Tax Appellate Tribunal (ITAT) Bangalore bench while remitting the matter back to the Assessing Officer (AO) said that if the interest-free funds available with the assessee is more than...
Interest Income earned from Investments with Treasuries and Banks Taxable as Business Income: ITAT [Read Order]
The Income Tax Appellate Tribunal (ITAT) held that the interest income earned from investments with treasuries and banks is part of banking activity and the interest income is eligible to be assessed...
![Interest Income earned from Investments with Treasuries and Banks Taxable as Business Income: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2018/06/Interest-Income-Taxscan.jpg "Interest Income earned from Investments with Treasuries and Banks Taxable as Business Income: ITAT [Read Order]")
Sec 80P Deduction available to Bank for Investments with Sub-Treasuries during its Business / Providing Credit Facilities to its Members: ITAT [Read Order]
The Cochin Bench of Income Tax Appellate Tribunal ( ITAT ) in the case of Income Tax Officer v. M/s. Perinthalmanna Service Co-operative Bank Ltd. holding in favor of the assessee adjudged that the...
![Sec 80P Deduction available to Bank for Investments with Sub-Treasuries during its Business / Providing Credit Facilities to its Members: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2017/09/Income-Tax-Deduction-Taxscan-1.jpg "Sec 80P Deduction available to Bank for Investments with Sub-Treasuries during its Business / Providing Credit Facilities to its Members: ITAT [Read Order]")
Claim of Investments cannot be considered as 'Operational Debt' under Insolvency and Bankruptcy Code: NCLT [Read Order]
The National Company Law Tribunal, New Delhi bench held that investment claim cannot be considered as ‘operational debt’ and the applicant is not an ‘operational creditor’ under section 9 of the...
