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ITAT Grants Major Relief to Oriental Bank Employees Welfare Society, allows Adjustment Of ₹3.35 Cr Welfare Payments against Interest on Bank Deposits [Read Order]

The Income Tax Appellate Tribunal [ITAT] Delhi Bench has granted significant relief by holding that the payment can be set off against the...

Bank Account Opened Fraudulently in Assessee’s Company, AO adds Rs. 15 cr as Protective Addition:...

Addition of ₹20.44 Lakh as Unexplained Cash Deposits During Demonetization: ITAT Directs Fresh...

Relief to Oriental Bank of Commerce: Delhi HC allows Depreciation on Temporary Wooden Structures...

IBBI Imposes Rs. 2 Lakh Penalty - IBBI - Penalty - IP - Independence of IRP - IRP - Penalty on IP for Compromising Independence of IRP - Insolvency and Bankruptcy Board of India - Taxscan

IBBI Imposes Rs. 2 Lakh Penalty on IP for Compromising Independence of IRP [Read Order]

Relief to Phoenix ARC: Bombay HC sets aside DRT order, allows Auction of Usha Kiran Flat [Read Order]

In a relief to Phoenix ARC, the Bombay High Court has set aside the debt recovery tribunal order, allowing the auction of Usha Kiran flat. The petitioner, Phoenix ARC is a...

Phoenix ARC - Bombay HC - debt recovery tribunal order - Usha Kiran flat - TAXSCAN

Income Tax: Affidavits from Family Members sufficient to prove Genuineness of Cash Gift, rules ITAT

The Income Tax Appellate Tribunal (ITAT) ruled that the affidavits from Family Members sufficient to prove genuineness of Cash Gift. The assessee, Dheeraj Thakran is an individual and derives...

Yes Bank Crisis: Withdrawal limit capped at INR 50k after RBI’s Action [Read Notification]

The Reserve Bank of India (RBI), in the worrying scenario of Yes Bank depositors, issued directions to the Yes Bank pertaining to the capped the withdrawal limit at INR 50,000/-. The Reserve Bank of...