Lady took loan for investment into venture capital fund, claimed Rs 1.49 crore interest deduction, was denied by I-T dept; ITAT allows it in a landmark rulingA lady won a tax case in ITAT Mumbai. She claimed Rs 1.49 crore interest deduction on a loan taken for Venture Capital Fund investments. Th...
09 May, 2026, 07.11 AM IST
How managements hide debt, losses, and disputes without breaking a single accounting rule – and take investors for a rideA listed company rarely operates alone. Behind it can sit a web of subsidiaries, step-down entities, associates, overseas arms, and special...
02 May, 2026, 12.17 AM IST
India assured DTAA tax benefits will continue after Supreme Court ruling, Mauritius Cabinet Note saysIndia has assured Mauritius that it will uphold benefits under the Double Taxation Avoidance Agreement. This comes after a Supreme Court ru...
25 Apr, 2026, 01.12 AM IST
Employee fined Rs 10 lakh over lack of ESOP disclosure in ITR; here's why ITAT Chennai cancelled itAn Indian employee faced a Rs 10 lakh penalty for not disclosing foreign ESOPs in his Income Tax Return. The Income Tax Appellate Tribunal,...
17 Apr, 2026, 06.02 PM IST
Dividend given to non-residents can’t be taxed at rates higher than DTAA, rules Bombay High Court; Know what it means for NRIsThe Bombay High Court has delivered a significant ruling on dividend taxation for foreign companies. Dividends paid by Indian subsidiaries ...
29 Jan, 2026, 12.12 PM IST
Shadow of tax over charitiesWith the Supreme Court on two separate rulings on the same day laying down the principles for an educational trust and a general public uti...
16 Dec, 2022, 06.55 PM IST
Cairn gives in writing to indemnify govt, withdraw cases to get Rs 7,900 crore tax refundMeeting the requirements of new legislation that scraps levy of retrospective taxation, the company has given required undertakings indemni...
03 Nov, 2021, 06.27 PM IST
Sebi welcomes Budget announcement on DDT"It is a movement in the right direction," says Sebi chief Ajay Tyagi.
04 Feb, 2020, 03.38 PM IST
Budget 2019: Fiscal deficit target of 3.3% realistic, says finance secretarySeveral critics including some rating agencies have doubted prospects of meeting this ambitious fiscal deficit target.
05 Jul, 2019, 07.22 PM IST
Budget 2019: Fiscal deficit target of 3.3% realistic, says Finance secySeveral critics including some rating agencies have doubted prospects of meeting this ambitious fiscal deficit target.
05 Jul, 2019, 07.03 PM IST
ITAT ruling on ‘stock in trade’ may lead to spate of litigationsA recent ruling allows higher deductions if the stock held by the taxpayer was ‘stock in trade’.
07 May, 2019, 09.30 AM IST
Cos, investors to face higher tax post SC interest rulingThe verdict, which attempts to close a few contentious issues that have been hanging for nearly two decades, will prevent many companies an...
18 Mar, 2018, 11.15 PM IST
Income Tax department to attach shares if Cairn doesn't pay Rs 10,395 crore taxThe tax department had in an unprecedented move had last month appropriated Rs 1,500 crore of tax refund due to Cairn Energy.
09 Jul, 2017, 12.54 PM IST
Life Insurance Corporation gets Rs 11,500 crore in income tax refunds, policy holders to benefitLIC has paid advance income tax for the financial year 2013-14 to the tune of Rs 5,118.92 crore, as against Rs 4,323.99 crore in 2012-13.
02 Oct, 2014, 08.35 PM IST
- Breather for investment routed from Mauritius; tax residency certificate adequate to avail benefits
India-Mauritius tax treaty says capital gains made on investments in India can only be taxed in the island nation.
25 Jul, 2012, 06.34 AM IST
- Taxmen or shareholders, profits must be split
In a significant ruling, the Supreme Court has said the funds available with a company in the form of profits should ordinarily be distribu...
14 Apr, 2007, 02.58 AM IST
- Govt moves SC against order on OCBs
The government has filed a special leave petition with the Supreme Court against the Delhi High Court order quashing a circular issued by t...
01 Oct, 2002, 06.15 AM IST