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Loan Given To Shareholder For Consideration Beneficial To The Company Is Not A Deemed Dividend: ITAT

Loan Given To Shareholder For Consideration Beneficial To The Company Is Not A Deemed Dividend: ITAT

The Delhi Bench of the Income Tax Appellate Tribunal (ITAT) has held that if a loan or advance is given to a shareholder as a consequence of any consideration which is beneficial to the company, in s...

27 July 2022 8:00 AM GMT
Mandatory Pre-Deposit U/S 129E of the Customs Act Is Constitutional: Bombay High Court

Mandatory Pre-Deposit U/S 129E of the Customs Act Is Constitutional: Bombay High Court

The Bombay High Court has ruled that by virtue of section 129E of the Customs Act, the right to appeal is a conditional right. The legislature, in its wisdom, has imposed a condition of deposit of a ...

13 July 2022 11:00 AM GMT