![Relief to Indian Oil Employees Welfare: ITAT rules Interest Income to Cooperative Society from Investment with any Other Cooperative Society Deemed allowable u/s 80P [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/04/ITAT-ITAT-Mumbai-Income-Tax-Cooperative-Society-Indian-Oil-taxscan.jpg "Relief to Indian Oil Employees Welfare: ITAT rules Interest Income to Cooperative Society from Investment with any Other Cooperative Society Deemed allowable u/s 80P [Read Order]")
Relief to Indian Oil Employees Welfare: ITAT rules Interest Income to Cooperative Society from Investment with any Other Cooperative Society Deemed allowable u/s 80P [Read Order]
The Mumbai bench of the Income Tax Appellate Tribunal ( ITAT ) ruled that interest income to a cooperative society from investments with any other...
![Foreign Entities Funding Indian NGOs to Disrupt Public Projects of India: Income Tax Dept to Supreme Court against Environics Trust [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/04/Income-Tax-Income-tax-news-Supreme-court-NGO-Environics-Trust-NGO-taxscan.jpg "Foreign Entities Funding Indian NGOs to Disrupt Public Projects of India: Income Tax Dept to Supreme Court against Environics Trust [Read Order]")
![Employees Contribution of PF paid in Government Account before due date filing of ITR is allowable as Deduction: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/04/ITAT-Mumbai-Income-Tax-ITR-Income-Tax-Return-TAXSCAN.jpg "Employees Contribution of PF paid in Government Account before due date filing of ITR is allowable as Deduction: ITAT [Read Order]")
![Traders challenge Section 43B(h) Income Tax Act before Supreme Court against MSME Delayed Payment Clause [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/04/Income-Tax-Supreme-Court-MSME-Delayed-Payment-Clause-MSME-TAXSCAN.jpg "Traders challenge Section 43B(h) Income Tax Act before Supreme Court against MSME Delayed Payment Clause [Read Order]")
![Bombay HC Invalidates GST Demand on Ocean Freight from outside India Citing Ultra Vires Notification, Upholds SC and Gujarat HC Verdicts in Mohit Minerals [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/04/Bombay-HC-GST-Demand-Freigh-India-Citing-Ultra-Vires-Notification-Upholds-SC-and-Gujarat-HC-Verdicts-Mohit-Minerals-TAXSCAN.jpg "Bombay HC Invalidates GST Demand on Ocean Freight from outside India Citing Ultra Vires Notification, Upholds SC and Gujarat HC Verdicts in Mohit Minerals [Read Order]")
Legal Heirs of Deceased Partner not Liable for any Liability of Firm upon Death of Partner: Supreme Court [Read Judgement]
In a recent decision, the Supreme Court held that the legal heirs of a deceased partner are not responsible for the liabilities of the firm following the partner's demise. This crucial ruling...
Licensing of software products of Microsoft in Territory of India is not taxable in India: Supreme Court Dismisses SLP
The Supreme Court dismissed the Special Leave Petition ( SLP ) arose out of impugned final judgment and order passed by the High Court. The court upheld the order of High Court wherein it was ruled...
Resolution Applicant cannot Withdraw or Modify the Resolution Plan after approved by Committee of Creditors: Supreme Court [Read Judgement]
The Supreme Court viewed that resolution applicant cannot withdraw or modify the resolution plan after approved by committee of creditors. The court held that the resolution plan, as submitted by the...
Chhattisgarh Liquor Scam: Supreme Court quashes ED Complaint, says No Predicate Offense as Proceeds of Crime Absent
The Supreme Court delivered a decisive blow to the Enforcement Directorate's ( ED ) pursuit of a money laundering case related to the alleged Chhattisgarh liquor scam. The apex court's ruling, issued...
Waiver of Loan for Acquiring Capital Assets cannot be taxed as a Perquisite u/s 28 (iv) of Income Tax Act: ITAT [Read Order]
In a recent ruling the Mumbai bench of the Income Tax Appellate Tribunal ( ITAT ) observed that the waiver of loan for acquiring capital assets cannot be taxed as a perquisite under Section 28 (iv)...
![Waiver of Loan for Acquiring Capital Assets cannot be taxed as a Perquisite u/s 28 (iv) of Income Tax Act: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/04/ITAT-ITAT-Mumbai-Income-Tax-Waiver-of-Loan-TAXSCAN.jpg "Waiver of Loan for Acquiring Capital Assets cannot be taxed as a Perquisite u/s 28 (iv) of Income Tax Act: ITAT [Read Order]")
Demand of Rs 3500 Crore under Income Tax Act against INC, No Coercive Action can be taken till Disposal of Pending Civil Appeal: Supreme Court [Read Judgement]
The Supreme Court held that coercive action cannot be taken against the Demand of 3500 Crore under the Income Tax Act, 1961 against the Indian National Congress (I) / All India Congress Committee (...
![Demand of Rs 3500 Crore under Income Tax Act against INC, No Coercive Action can be taken till Disposal of Pending Civil Appeal: Supreme Court [Read Judgement]](https://www.taxscan.in/wp-content/uploads/2024/04/Supreme-Court-Income-Tax-Civil-Appeal-INC-Indian-National-Congress-taxscan.jpg "Demand of Rs 3500 Crore under Income Tax Act against INC, No Coercive Action can be taken till Disposal of Pending Civil Appeal: Supreme Court [Read Judgement]")