![Interest Income from SBI Investments not attributable to Business of Taxpayer, Not Eligible for Deduction u/s 80P (2)(a)(i) of Income Tax Act: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/06/ITAT-Bangalore-Income-tax-Income-Tax-Act-State-Bank-of-India-SBI-taxscan.jpg "Interest Income from SBI Investments not attributable to Business of Taxpayer, Not Eligible for Deduction u/s 80P (2)(a)(i) of Income Tax Act: ITAT [Read Order]")
Interest Income from SBI Investments not attributable to Business of Taxpayer, Not Eligible for Deduction u/s 80P (2)(a)(i) of Income Tax Act: ITAT [Read Order]
The Bangalore bench of the Income Tax Appellate Tribunal ( ITAT )Â ruled that interest income received on investments from State Bank of India ( SBI...
![ITAT Deletes disallowance of payment made on account of Forward Contract Loss incurred towards hedging Foreign Exchange Fluctuation Loss on FCNRB Loan Account [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/05/WhatsApp-Image-2024-05-09-at-3.03.51-PM.jpeg "ITAT Deletes disallowance of payment made on account of Forward Contract Loss incurred towards hedging Foreign Exchange Fluctuation Loss on FCNRB Loan Account [Read Order]")
DGFT updates RBI-Authorised Banks for Gold and Silver Imports in HBP: Check Authorised Banks Here [Read Notification]
The Directorate General of Foreign Trade ( DGFT ), vide public notice no. 54/2023 dated 28th March 2024 has amended the Handbook Procedures 2023 with respect to the import of gold and silver through...
Charges under PMLA not attracted if Investigation into Predicate Offence is Stalled: J&K and Ladakh HC [Read Order]
The Jammu and Kashmir and Ladakh High Court observed that the charges under the Prevention of Money Laundering Act, 2002 ( PMLA ) is not attracted if the investigation into predicate offence is...
Lender Banks must Furnish Copy of Audit Reports before Classifying Loan Account as Fraud: Gujarat HC [Read Order]
The Gujarat High Court observed that lender banks must furnish copy of audit reports before classifying loan account as fraud. The petitioners are the promoters, suspended directors and share...
Interim Resolution Professional can Continue to Function till Date of Appointment of Resolution Professional: NCLT
The Indore Bench of the National Company La Tribunal ( NCLT ) observed that the interim resolution professional can continue to function till the date of appointment of the resolution professional. ...
Relief to UTI India Fund Unit Scheme: ITAT grants Exemption u/S 10(23D) of Income Tax Act as Offshore Fund Scheme maintained is approved unit by SEBI [Read Order]
The Mumbai bench of the Income Tax Appellate Tribunal (ITAT) has granted relief to UTI India Fund Unit Scheme by exempting it under section 10(23D) of the Income Tax Act 1961. This decision stems...
![Relief to UTI India Fund Unit Scheme: ITAT grants Exemption u/S 10(23D) of Income Tax Act as Offshore Fund Scheme maintained is approved unit by SEBI [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/01/UTI-India-Fund-Unit-Scheme-ITAT-uS-1023D-of-Income-Tax-Actfund-scheme-SEBI-TAXSCAN.jpg "Relief to UTI India Fund Unit Scheme: ITAT grants Exemption u/S 10(23D) of Income Tax Act as Offshore Fund Scheme maintained is approved unit by SEBI [Read Order]")