News

News, Blog, Income Tax

February 12, 2026

Sec. 24(b) doesn’t mandate acquiring possession of property to claim interest deduction: ITAT

Case details: Abeezar Faizullabhoy v. … Continue reading “Sec. 24(b) doesn’t mandate acquiring possession of property to claim interest deduction: ITAT”

Blog, News, Insolvency and Bankruptcy Code

September 13, 2021

Dispute regarding quantum of admitted liability is immaterial at admission stage of CIRP application: NCLAT

Case details: Apya Capital Services … Continue reading “Dispute regarding quantum of admitted liability is immaterial at admission stage of CIRP application: NCLAT”

Blog, News, Competition Law

February 24, 2026

No anti-competitive practice by Jet airways as there was no evidence to show cartelization during Jaat agitation

Case details: Ms. Shikha Roy … Continue reading “No anti-competitive practice by Jet airways as there was no evidence to show cartelization during Jaat agitation”

Blog, News, GST & Customs

September 10, 2021

Activity of tanker body building is a supply of service and taxable at 18%

Case details: Authority for Advance … Continue reading “Activity of tanker body building is a supply of service and taxable at 18%”

News, Blog, GST & Customs

September 10, 2021

Commissioner can revise order of subordinate officer only after examination of records: Allahabad HC

Case details: North End Food … Continue reading “Commissioner can revise order of subordinate officer only after examination of records: Allahabad HC”

Blog, News, Income Tax

September 10, 2021

Equalisation Levy – Would it impact Foreign insurtechs

Bahroze Kamdin -Partner, Deloitte India … Continue reading “Equalisation Levy – Would it impact Foreign insurtechs”

Blog, News, Income Tax

September 10, 2021

Portion of money retained in Escrow account to be taken into consideration for computing capital gains: HC

Case details: Caborandum Universal Limited … Continue reading “Portion of money retained in Escrow account to be taken into consideration for computing capital gains: HC”

Blog, News, FEMA & Banking

September 10, 2021

Cheque bounced on account of being non-MICR cheque couldn’t be a ground for prosecution u/s 138 of NI Act

Case details: Md. Nasim Ansari … Continue reading “Cheque bounced on account of being non-MICR cheque couldn’t be a ground for prosecution u/s 138 of NI Act”

Blog, News, Insolvency and Bankruptcy Code

September 10, 2021

In application u/s 7 financial creditor and corporate debtor alone are necessary parties and no third party is contemplated

Case details: Vekas Kumar Garg … Continue reading “In application u/s 7 financial creditor and corporate debtor alone are necessary parties and no third party is contemplated”

Blog, News, FEMA & Banking

September 10, 2021

HC refuses to grant bail in money laundering case due to pendency of investigation and non-cooperation of accused

Case details: Vijay Narendra Kumar … Continue reading “HC refuses to grant bail in money laundering case due to pendency of investigation and non-cooperation of accused”