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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Informative
Interest Income From Short Term Funds Infused By Govt Kept In Bank Till Its Utilization Is Capital Receipt: Kerala HC
Financial ManagementIncome Tax
The Kerala High Court has ruled that interest earned on short-term funds infused by the government, kept in a bank until utilization, constitutes a capital receipt. The ruling has implications for businesses and government bodies holding such funds, as it provides clarity on the tax treatment of interest income in such cases.
