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
Unsecured Loan Transaction Duly Substantiated: ITAT upholds Deletion of Addition
Corporate ComplianceIncome Tax
The ITAT upheld the deletion of an addition related to an unsecured loan transaction, citing proper substantiation. The tribunal emphasized the importance of genuine transactions and adequate documentation, reinforcing the principle of taxpayer rights in tax disputes.
