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
No Addition Made Wrt Loans of Income Tax Act; ITAT Deletes Disallowance of Interest Claim
Financial Management
The ITAT deleted disallowance of interest claimed under the Income Tax Act, holding that no addition could be made on loans where proper compliance was observed. The decision clarifies treatment of interest deductions and affirms taxpayer rights when statutory conditions are met.
