Judgement

The ITAT Ahmedabad held interest waiver taxable under Section 41(1) only where earlier deduction was claimed


ITAT Rules Bank Loan Principal Waiver Not Taxable Under Sections 28(iv) or 41(1)

News

The CBI has apprehended Amitabh Jhunjhunwala, former Group Managing Director of Reliance Communications (RCom), in a Rs 2,929 crore bank loan fraud case.

CBI Held Former-RCom Group MD Amitabh Jhunjhunwala in Rs 2,929 Crore Bank Loan Fraud Case

The CBI has questioned Anil Ambani in a Rs2900 crore bank loan case linked to SBI, alleging misuse of funds by Reliance communication,

CBI Questions Anil Ambani In Rs 2900 Crore Bank Loan Case, Jai Anmol Ambani Also Under scrutiny

Disciplinary committee penalizes auditor for negligence in certifying financial statements used to obtain bank loan.

ICAI Finds Chartered Accountant Guilty of Misconduct in Loan Fraud Audit Case

A chartered accountant has been officially reprimanded by ICAI for professional misconduct in facilitating a fraudulent bank loan through fabricated documents.

CA Guilty of Professional Misconduct; Reprimanded by ICAI for Role in Fraudulent Bank Loan Transaction

ED detained KK Abraham, former general secretary of KPCC in connection with a multi-crore loan fraud at the Pulppalli Service Co-operative Bank.

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ITAT Rules Bank Loan Principal Waiver Not Taxable Under Sections 28(iv) or 41(1)

CBI Held Former-RCom Group MD Amitabh Jhunjhunwala in Rs 2,929 Crore Bank Loan Fraud Case

CBI Questions Anil Ambani In Rs 2900 Crore Bank Loan Case, Jai Anmol Ambani Also Under scrutiny

ICAI Finds Chartered Accountant Guilty of Misconduct in Loan Fraud Audit Case

CA Guilty of Professional Misconduct; Reprimanded by ICAI for Role in Fraudulent Bank Loan Transaction

Bank Loan Scam: ED arrests former KPCC general secretary KK Abraham in Co-op Bank loan scam