Computation of maximum marginal tax rate applicable to private discretionary trust
In the recent order by Hon’ble Income Tax Appellate Tribunal, Mumbai bench (‘the ITAT’), it was
SC: tax treatment of guarantee fees is not akin to interest
On 4th October 2024, the Hon’ble Supreme Court of India dismissed a Special Leave Petition (‘SLP’)
Off market sale of securities tantamount to colorable device
Recently, Mumbai ITAT has held that long term capital loss (‘LTCL’) from off market sale
Tax treatment for Guarantee fees income is not akin to Interest income
In the present case, Johnson Matthey Public Limited Company1 (the Assessee), is a tax resident of
Mumbai ITAT rules that NCD premium taxable as ‘interest’, not as ‘capital gains’
Mumbai ITAT holds that differential amount between maturity proceeds on redemption of non-convertible debentures (NCDs) and
Set off of short term capital loss against gains taxable at different rates allowable
Mumbai ITAT in case of JS Capital LLC [TS-165-ITAT-2024(Mum)] in its order dated March 7, 2024
Interest on advances used for providing interest free advances to WOS, allowable as business expenses
Bombay High Court in its latest judgement in case of Essar Infraprojects Ltd [Income Tax Appeal
Delhi ITAT Delhi ITAT held that ‘Unlikely recoverable’ SPA escrow amounts shall be excluded for capital gains computation
Assessee-Company, engaged in manufacture, selling and trading of automotive tyres, tubes and flaps, filed the return of
Brought forward losses on change in shareholding where all shareholders belong to the same group
Recently, Mumbai ITAT in case of Hiranandani Healthcare Pvt Ltd [(2023) 157 taxmann 551 (Mumbai-Trib) dated
Scheme of Capital Reduction for non-resident shareholders
The Scheme of capital reduction is one of the effective ways to provide exit to the