Deciding two connected writ petitions arising from a common Industrial Tribunal Award, the Delhi High Court set aside the Tribunal's direction granting hotel workmen a further…
Labour Laws
06/09/20264 min read
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Gujarat HC allows Income Tax Deduction for Payment made to Clear Mortgage, dismisses Revenue’s Appeal u/s 263
Appeal Against OrderIncome TaxOther Legal Matters
The Gujarat High Court upheld the ITAT's decision allowing an income tax deduction for payments made to clear a mortgage, dismissing the Principal Commissioner of Income Tax's appeal under Section 263. The court found that the Assessing Officer had conducted proper inquiries and made a legally sound decision. The case involved the assessee, Rinki Shashikant Gandhi, who declared an income of Rs. 25,000.
