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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Supreme Court Denies 40% Tax Deduction on Non-Lending Income of Statutory Corporations
Update / Judgement Date
14 Dec 2025
Source
Author
Sakshi Bhardwaj — WCP Legal Desk
Reading Time
1 min read
Income Tax
The Supreme Court ruled that statutory corporations are not entitled to a 40% tax deduction on income earned from non-lending activities.
