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
Taxability of Industrial promotional subsidy received by Mahindra & Mahindra Limited: ITAT directs...
Corporate Law & GovernanceIncome Tax
The ITAT has directed a "de novo adjudication" for the "taxability of an industrial promotional subsidy" received by "Mahindra & Mahindra Ltd." The tribunal's decision provides a significant victory for the taxpayer. The ruling clarifies that a tax authority cannot add a subsidy to a company's account without a valid reason. The court's decision is a crucial reminder to all tax authorities to follow due process.
