Judgement

The Bombay High Court rules that high profit margins alone cannot justify invoking Section 80-IA(10), restoring the Section 10B deduction for EOU.

Section 10B Benefit Restored; High Profit Allegation Not Sustainable: HC

No Section 42 violation; PAS-4 error treated as procedural lapse. Penalty reduced to Rs 5,000 each under Sections 450 &amp; 446B of the Companies Act, 2013.

No Violation of Private Placement Rules: RD Hyderabad Grants Relief to Localbuy Technologies

News

Government will continue IDBI Bank disinvestment after earlier bids fell short. Stake sale plan remains, while the focus stays on domestic growth, a strong banking system, and exploring better valuation opportunities ahead.

Nirmala Sitharaman Confirms IDBI Bank Privatisation to Continue Despite Failed Bids

Articles

Understand the capital gains tax in India from basic concepts to advanced exemptions

A Complete Guide to Capital Gains Tax in India

The RBI has cancelled Paytm Payments Bank’s licence, leaving Rs 800 crore of customer funds stuck pending a court-supervised winding-up process.

RBI Cancels Paytm Payments Bank Licence; Rs 800 Crore of Customer Funds Still Stuck

The ITAT Ahmedabad rules a penalty under Section 271(1)(c) cannot be levied on estimated income or loose papers without corroborative evidence.

Explore Our Blogs

Section 10B Benefit Restored; High Profit Allegation Not Sustainable: HC

No Violation of Private Placement Rules: RD Hyderabad Grants Relief to Localbuy Technologies

Nirmala Sitharaman Confirms IDBI Bank Privatisation to Continue Despite Failed Bids

A Complete Guide to Capital Gains Tax in India

RBI Cancels Paytm Payments Bank Licence; Rs 800 Crore of Customer Funds Still Stuck

No Concealment Without Evidence; ITAT Deletes Penalty