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Search results for disallowing

Banks Can Claim Tax Deductions for Broken Period Interest on HTM Securities If Held as Trading Assets: Supreme Court
2 months ago

Banks Can Claim Tax Deductions for Broken Period Interest on HTM Securities If Held as Trading Assets: Supreme Court

Live Law  

The Supreme Court has ruled that banks can claim tax deductions for broken period interest on held to maturity (HTM) government securities if they are held as trading assets. This means that the broken period interest will be treated as a revenue expenditure, rather than a capital expenditure, and can be deducted from the bank's taxable income under the Income …

Law Finance Legal Tax New Delhi
Income Tax Deduction Allowable To Interest Income 'Attributable' To Cottage Industry Business: ITAT
4 months ago

Income Tax Deduction Allowable To Interest Income 'Attributable' To Cottage Industry Business: ITAT

Live Law  

The Chennai bench of Income Tax Appellate Tribunal has held that the income tax deduction allowable to interest income 'attributable' to cottage industry business.The bench of S.S. Viswanethra Ravi and S. R. Raghunatha has observed that the assessee is a 'cottage industry' and the interest income earned by the assessee is in its regular course of. The Chennai bench of …

Society Tamil Nadu Industry Tax Bank Interest Interest Income
Bombay HC Orders Directorate Of Higher Education To Look Into Allegations Of 'Institutional Casteism, Sexual Harassment' Within ILS Law College
5 months, 2 weeks ago

Bombay HC Orders Directorate Of Higher Education To Look Into Allegations Of 'Institutional Casteism, Sexual Harassment' Within ILS Law College

Live Law  

The Bombay High Court on its administrative side has asked the Directorate of Higher Education, Pune to look into the allegations of 'institutional casteism, ragging, sexual harassment, hooliganism, favouritism and ill-treatment of minority students' levelled by over 118 students and alumni of the ILS Law College, Pune. In a letter addressed to the Directorate of the Higher Education on July …

Higher Education Students Bombay High Court Sexual Harassment College High Letter
West Bengal Governor writes to CM over police disallowing post-poll violence 'victims' from entering Raj Bhavan
6 months, 1 week ago

West Bengal Governor writes to CM over police disallowing post-poll violence 'victims' from entering Raj Bhavan

The Hindu  

West Bengal Governor C V Ananda Bose on June 14 wrote to Chief Minister Mamata Banerjee, seeking to know on what ground the police had stopped alleged victims of post-poll violence from entering the Raj Bhavan despite his office issuing necessary permission for it. Mr. Bose also visited Maheshwari Bhawan in Burrabazar and met people affected by violence in the …

Violence Bose State Governor Raj Bhavan
Candidates Can't Be Permitted To Amend Application Form Once Correction Window Expires: Rajasthan High Court Reiterates
6 months, 1 week ago

Candidates Can't Be Permitted To Amend Application Form Once Correction Window Expires: Rajasthan High Court Reiterates

Live Law  

“Candidature of a candidate can only be considered on the basis of the entries made by a candidate in his/her online/offline application form, including the correction/amendment made in such application form within the period allowed by the recruiting agency," the Rajasthan High Court said. Justice Ganesh Ram Meena reiterated that a candidate cannot be permitted to make correction/amendment in the …

Court Application Candidate Form Petitioner Correction Window Rajasthan High
No lift for delivery agents, house helps in Hyderabad
6 months, 1 week ago

No lift for delivery agents, house helps in Hyderabad

Deccan Chronicle  

Hyderabad: Over a century ago, the British elite did not allow an Indian to travel the first class compartment of a train. While the picture of this notice went viral on X and has drawn backlash from netizens, this is the hard reality that house helps and delivery agents face every day. Or they are asked to drop it at …

Hyderabad Delivery Lift Agents House Helps Delivery Agents
Pune Porsche accident: Teen's father, 4 others arrested, car's registration was pending since March
7 months ago

Pune Porsche accident: Teen's father, 4 others arrested, car's registration was pending since March

India TV News  

Pune Porsche Car Accident: The father of the 17-year-old minor boy, who allegedly ran over his luxury car Porsche over two people who died, was arrested on Tuesday. As the horrific crash caused a nationwide outrage, Maharashtra Deputy Chief Minister Devendra Fadnavis, who holds the home portfolio, expressed shock and surprise over the JJ Board taking a "lenient view" of …

Car Maharashtra Registration Accident Pune Teen Porsche
Prima Facie Adjustment Made By CPC Towards Deduction U/s 80P Prior To Apr 01, 2021 Is Beyond Its Jurisdiction: Kolkata ITAT
9 months, 1 week ago

Prima Facie Adjustment Made By CPC Towards Deduction U/s 80P Prior To Apr 01, 2021 Is Beyond Its Jurisdiction: Kolkata ITAT

Live Law  

The Kolkata ITAT ruled that section 80AC of the Income tax Act puts a bar against claiming of deduction in respect of certain income provided under the head of Chapter VIA which includes section 80P of the Act also if the return of income are not filed before the due date prescribed u/s. The return filed by assessee was processed …

Income Cpc Act Bench Deduction Itat Prima
Disallowance Of Claim U/s 80P By CPC Prior To Apr 01, 2021 Is Beyond Its Jurisdiction: Kolkata ITAT
9 months, 1 week ago

Disallowance Of Claim U/s 80P By CPC Prior To Apr 01, 2021 Is Beyond Its Jurisdiction: Kolkata ITAT

Live Law  

On finding that the alleged disallowance by CPC is beyond its jurisdiction as the adjustment towards deduction u/s. 80P of the Income Tax Act came to CPC only from Apr 01, 2021, the Kolkata ITAT interfered with the action of CPC in denying the deduction u/s 80P of the Income Tax Act, 1961. The Bench of the ITAT comprising Sanjay …

Income Cpc Act Bench Claim Return Deduction
"Reproductive Health Is A Facet Of Personal Liberty": Bombay High Court Allows Two Couples To Use Prohibited Donor Gametes For Surrogacy
10 months, 1 week ago

"Reproductive Health Is A Facet Of Personal Liberty": Bombay High Court Allows Two Couples To Use Prohibited Donor Gametes For Surrogacy

Live Law  

The Bombay High Court has allowed two women to undergo surrogacy using 'donor gametes' which is otherwise prohibited under an amendment in 2023 to Surrogacy Rules, 2022. “.we are of the clear opinion that if the protection as prayed for is not granted to the Petitioners it would certainly prejudice their legal rights to achieve parenthood through surrogacy which they …

Court Surrogacy Amendment 2023 Donor Petition Petitioners
Reassessment Proceedings Initiated On Account Of Change Of Opinion Merits To Be Quashed: Mumbai ITAT
10 months, 2 weeks ago

Reassessment Proceedings Initiated On Account Of Change Of Opinion Merits To Be Quashed: Mumbai ITAT

Live Law  

While confirming the CIT's order quashing the reassessment order, the Mumbai ITAT held that the reassessment proceedings were initiated on account of change of opinion formed on re-appraisal of the facts already on record and examined during the regular assessment proceedings. The CIT had concluded that reassessment proceedings were initiated on re-appraisal and re-examination of the assessment records without bringing …

Record Loss Change Reassessment Assessment Foreign Exchange Proceedings
Tamil Nadu Today | Temple entry of non-Hindus restricted by Madras HC
10 months, 3 weeks ago

Tamil Nadu Today | Temple entry of non-Hindus restricted by Madras HC

The Hindu  

Place sign boards disallowing non-Hindus beyond ‘kodimaran’ in temples: Madras HC Bench The Madurai Bench of Madras High Court has directed the State and the HR and CE Department to install boards in all temples indicating that non-Hindus are not allowed into the temple beyond the kodimaram. Senthilbalaji case | Madras HC questions continuation as Minister Justice N. Anand Venkatesh …

Hindu Madras High Court Madras Madras Hc Unconditional Apology
Book Review: ‘Clover Hendry’s Day Off’ is an infectious, Ferris Bueller-inspired 24-hour adventure
10 months, 3 weeks ago

Book Review: ‘Clover Hendry’s Day Off’ is an infectious, Ferris Bueller-inspired 24-hour adventure

Associated Press  

What starts as a normal Thursday quickly transforms into, well, not a normal Thursday. Something’s in the air — and maybe also inside that pill Clover Hendry took — and today, she’s going to do all those things she never allowed herself to do. “Clover Hendry’s Day Off” by Beth Morrey is a Ferris Bueller-inspired 24-hour adventure in which one …

Book Review Hendry Clover Clover Hendry Morrey
CIT(A) Has No Jurisdiction To Enhance Income U/S 251(1) By Disallowing ESOP Expenses In Revised Return If AO Has Not Dealt With It: Mumbai ITAT
11 months ago

CIT(A) Has No Jurisdiction To Enhance Income U/S 251(1) By Disallowing ESOP Expenses In Revised Return If AO Has Not Dealt With It: Mumbai ITAT

Live Law  

While setting aside the CIT's order enhancing assessee's income under Section 251 of Income tax Act, 1961 by disallowing Employees Stock Option Plan expenses under Section 37, the Mumbai ITAT held that the CIT has acted beyond his jurisdiction in enhancing assessee's income, since the AO during the course of assessment, has not taken into consideration the assessee's revised return …

Expenses Loss Income Return Coram Itat Revised
Kerala High Court Relies On Apex Court Verdict To Allow Surrogacy With Donor Eggs, Despite 2023 Surrogacy Regulations Amendment Disallowing It
1 year ago

Kerala High Court Relies On Apex Court Verdict To Allow Surrogacy With Donor Eggs, Despite 2023 Surrogacy Regulations Amendment Disallowing It

Live Law  

The Kerala High Court on Monday passed an interim order allowing petitioners who had approached the Court through three different pleas to undergo surrogacy using donor oocytes since they were unable to produce oocytes naturally due to medical conditions. Justice Devan Ramachandran, permitted the petitioners to undergo surrogacy by using doner eggs relying upon the recent Apex Court decision in …

Court Surrogacy Amendment Donor Petitioners Oocytes Donor Oocytes
Karnataka High Court Allows Thirteen Intending Couples To Undergo Surrogacy Using Donor Gametes Despite New Amendment Disallowing It
1 year, 1 month ago

Karnataka High Court Allows Thirteen Intending Couples To Undergo Surrogacy Using Donor Gametes Despite New Amendment Disallowing It

Live Law  

The Karnataka High Court has allowed a batch of petitions and permitted thirteen couples to opt for surrogacy using donor gametes. The bench said the new amendment to the Surrogacy Rules which prohibits the use of donor eggs for gestational surrogacy of an intending couple can be diluted on a case to case basis. The amendment substituted paragraph 1 in …

Medical Couple Court Surrogacy High Amendment Rule
Prolongation Compensation Can't Be Granted If The Contractor Didn't Reserve Claim For Compensation At The Time Of The EOT: Delhi High Court
1 year, 2 months ago

Prolongation Compensation Can't Be Granted If The Contractor Didn't Reserve Claim For Compensation At The Time Of The EOT: Delhi High Court

Live Law  

The Delhi High Court has held that no compensation can be awarded for the prolongation of the contract if the contractor did not reserve its right to such compensation at the time of the seeking Extension of Time. They ruled that the Tribunal's decision, which denied the prolongation cost due to the Contractor's failure to reserve this right during the …

Contract Compensation Court Right Tribunal Held Reserve
Alert on ORR over support for Naidu
1 year, 3 months ago

Alert on ORR over support for Naidu

Deccan Chronicle  

Hyderabad: The Outer Ring Road in Hyderabad was placed on high alert as supporters of former chief minister Nara Chandrababu Naidu called for a car rally. The managing director of Hyderabad Growth Corridor alerted the Cyberabad police after coming across posts by Chandrababu Naidu, who urged his supporters to complete a full round of the 158-km ORR at a speed …

Naidu Orr
AO Not Justified In Disallowing Part Of The Commission Payment To Indian Hume Pipe: Bombay High Court
1 year, 3 months ago

AO Not Justified In Disallowing Part Of The Commission Payment To Indian Hume Pipe: Bombay High Court

Live Law  

The Bombay High Court has held that the Assessing Officer was not justified in disallowing part of the commission payment to Indian Hume Pipe.The bench of Justice G.S. The Bombay High Court has held that the Assessing Officer was not justified in disallowing part of the commission payment to Indian Hume Pipe. Kulkarni and Justice Jitendra Jain has observed that …

Bombay High Court Indian Tribunal Officer Hume Pipe Expenditure
Editor’s Note: Let’s not use Uniform Civil Code to wipe out differences
1 year, 4 months ago

Editor’s Note: Let’s not use Uniform Civil Code to wipe out differences

The Hindu  

Published : Jul 27, 2023 11:00 IST - 3 MINS READ You probably know how it feels to stand on the terrace on Diwali evenings. This constant need to mine political usefulness and electoral strategy from every gash in the nation’s body also informs the latest little firecracker the Prime Minister set off when he suddenly announced at a rally …

Bjp Fir Manipur
Does Third-Party Funding Have Potential to Alter Arbitration Landscape of India?
1 year, 6 months ago

Does Third-Party Funding Have Potential to Alter Arbitration Landscape of India?

The Quint  

However, such permission is naturally subject to careful scrutiny and may be withdrawn in case any such agreement towards providing third-party funding is found to be unconscionable, inequitable, extortionate, unrighteous, injurious or contrary to public policy. While those terms may seem broad and somewhat vague, the stance of Indian courts to not outrightly reject the idea but instead scrutinise it …

SETC suspends conductor for disallowing a physically challenged cricketer from boarding a bus
1 year, 8 months ago

SETC suspends conductor for disallowing a physically challenged cricketer from boarding a bus

The Hindu  

The Tamil Nadu State Express Transport Corporation has suspended the conductor who disallowed a physically challenged sportsperson from boarding a bus at the Puratchi Thalaivar Dr. MGR Bus Terminus in Koyambedu on Tuesday night. Confirming the suspension of the conductor, a senior official of the SETC said the conductor Raja attached to the Madurai depot has been suspended based on …

Madurai Bus Conductor Siva State Transport Setc
Husband Entitled To TDS Credit On Interest Earned From Amount Gifted To His Wife: ITAT
1 year, 9 months ago

Husband Entitled To TDS Credit On Interest Earned From Amount Gifted To His Wife: ITAT

Live Law  

The Income Tax Appellate Tribunal's, Pune Bench ruled that the husband is entitled to TDS credit on interest earned on the amount gifted to his wife.The two-member bench of R.S. The Income Tax Appellate Tribunal's, Pune Bench ruled that the husband is entitled to TDS credit on interest earned on the amount gifted to his wife. Since the deposit was …

Credit Income Interest His Wife Source Tds Itat
Keith Hackett calls for Lee Mason to be sacked following Arsenal error
1 year, 10 months ago

Keith Hackett calls for Lee Mason to be sacked following Arsenal error

The Independent  

Sign up to Miguel Delaney’s Reading the Game newsletter sent straight to your inbox for free Sign up to Miguel’s Delaney’s free weekly newsletter Sign up to Miguel’s Delaney’s free weekly newsletter SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy Former Premier League referee Keith Hackett has called …

Mason Var Brentford Norgaard Hackett Lee Mason Referee Keith