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 finds Unsecured Loans from Related Party on Account of Takeover Genuine as Actual Transaction Happened
Corporate ComplianceIncome Tax
The ITAT found unsecured loans from a related party genuine, as the actual transaction occurred during a takeover. The ruling underscores the importance of factual evidence in tax disputes, supporting the taxpayer's claim and dismissing revenue's objections.
