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![Provisions of Book Profit not applicable to Banking Companies: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/01/Provisions-Book-Profit-Banking-Companies-ITAT-Taxscan.jpg "Provisions of Book Profit not applicable to Banking Companies: ITAT [Read Order]")
Provisions of Book Profit not applicable to Banking Companies: ITAT [Read Order]
The Bangalore bench of the Tribunal, while dismissing an appeal filed by the income tax department against Vyshya Bank held that the provisions of...
![Govt. issues directions for Interest Waiver: Scheme for grant of ex-gratia payment [Read Letter]](https://www.taxscan.in/wp-content/uploads/2020/10/government-Interest-Waiver-grant-of-ex-gratia-payment-ex-gratia-payment-Taxscan.jpg "Govt. issues directions for Interest Waiver: Scheme for grant of ex-gratia payment [Read Letter]")
NCLT initiates Bankruptcy proceedings against Anil Ambani for Rs 1,200 Crore Defaults of RCom, RTIL [Read Order]
The National Company Law Tribunal (NCLT)'s Mumbai bench has allowed State Bank of India (SBI) to initiate insolvency proceedings against Anil Ambani as a personal guarantor after two companies...
![NCLT initiates Bankruptcy proceedings against Anil Ambani for Rs 1,200 Crore Defaults of RCom, RTIL [Read Order]](https://www.taxscan.in/wp-content/uploads/2020/08/NCLT-insolvency-proceedings-Anil-Ambani-Taxscan.jpg "NCLT initiates Bankruptcy proceedings against Anil Ambani for Rs 1,200 Crore Defaults of RCom, RTIL [Read Order]")
2% Interest Subvention approved on Prompt Repayment of Shishu Loan under Pradhan Mantri Mudra Yojana for a period of 12 months: Finance Ministry
The Union Cabinet chaired by Prime Minister Shri Narendra Modi today approved a scheme for interest subvention of 2% for a period of 12 months, to all Shishu loan accounts under Pradhan Mantri Mudra...
![Bank cannot declare an Account as NPA during Moratorium Period: Delhi HC [Read Order]](https://www.taxscan.in/wp-content/uploads/2020/04/WhatsApp-Image-2020-04-15-at-1.03.13-PM.jpeg "Bank cannot declare an Account as NPA during Moratorium Period: Delhi HC [Read Order]")
Provisions for NPAs are Liable to be added back while Computing Book Profit under Section 115JA: Delhi High Court [Read Judgment]
The Delhi High Court has ruled that Provisions for Non Performing Assets (NPA) are liable to be added back while computing book profit under Section 115JA of the Income Tax Act. The Assessee engaged...
![Provisions for NPAs are Liable to be added back while Computing Book Profit under Section 115JA: Delhi High Court [Read Judgment]](https://www.taxscan.in/wp-content/uploads/2018/02/Delhi-High-Court-Taxscan.jpg "Provisions for NPAs are Liable to be added back while Computing Book Profit under Section 115JA: Delhi High Court [Read Judgment]")