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
ITAT Allows All Appeals of FMI Automotive Components on Foreign Exchange Loss, Capital Expenditure, Insurance Claims
Income Tax
The ITAT allowed all appeals filed by FMI Automotive Components concerning foreign exchange loss, capital expenditure, and insurance claims. The decision underscores the principle that legitimate business expenses and losses should be recognized for tax purposes.
