Judgement

In circumstances where the said building has been duly reflected in the schedule of fixed assets and perquisite value has been duly taxed ITAT allowed Interest Deduction on Loan on House Property used by Directors for their residential purpose.

ITAT Allows Interest Deduction on Loan on House Property used by Directors for their residential purpose

News

Central Bureau of Investigation started investigation against then PNB Manager and including Other Two Companies for Bank Fraud of Rs.168.59 Crore. Fraud was done by issuing 34 false bank guarantees using the bank's system in an illegal and unauthorised manner.

Bank Fraud: CBI Registers Case against PNB Manager and 2 Companies for Bank Fraud of Rs. 168.59 Crore

Articles

Homebuyers who cancel their purchase of an under-construction property after paying the purchase price and GST will receive a return straight from the government. Council recommended that the GST rules be amended to allow a buyer to file an application for refund if the contract or agreement for the supply of services, such as the construction of a flat or house, is cancelled and the time period for the concerned supplier (developer) to issue a credit note has expired.

GST Paid can be refund in case of Under-Construction Property if purchase deal is called off

Karnataka HC sets aside Rs.3700 crore Income Tax’s seizure order against Xiaomi

Allahabad High Court restrain the order giving I-T official 7 days in jail and a fine of Rs.25000 in guilty of contempt of court. The Lucknow bench pronounced this order on Thursday.

HC restrain the order giving I-T official 7 days in jail

Finance Ministry is likely to removed the requirement of PAN card to give relief to the people, if Aadhaar is already available.

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ITAT Allows Interest Deduction on Loan on House Property used by Directors for their residential purpose

Bank Fraud: CBI Registers Case against PNB Manager and 2 Companies for Bank Fraud of Rs. 168.59 Crore

GST Paid can be refund in case of Under-Construction Property if purchase deal is called off

Karnataka HC sets aside Rs.3700 crore Income Tax’s seizure order against Xiaomi

HC restrain the order giving I-T official 7 days in jail

Union Budget 2023: PAN likely to switch with Aadhaar for some Financial Transactions; Know Details