Income Tax Act, 1961 with Section 28(iv)

Supreme Court clarifies taxability of loan waivers: Mahindra & Mahindra Ltd. Case (24 April 2018)

/ Abhay Manohar Sapre, Income Tax Act, 1961, Income Tax Act, 1961 with Section 28(iv), Income Tax Act, 1961 with Section 41(1), Judges, R.K. Agrawal

Supreme Court Clarifies Taxability of Loan Waivers: Mahindra & Mahindra Ltd. Case (2018) LEGAL ISSUE: Whether a loan waiver constitutes taxable income under the Income Tax Act, 1961. CASE TYPE: Income Tax Law. Case Name: The Commissioner vs. Mahindra and Mahindra Ltd. Judgment Date: 24 April 2018 Introduction Date of the Judgment: 24 April 2018 […]

Supreme Court clarifies taxability of loan waivers: Mahindra & Mahindra Ltd. Case (24 April 2018) Read Post »

Supreme Court Clarifies Taxability of Stock Appreciation Rights (SARs) in Income Tax Act: Addl. Commissioner of Income Tax vs. Bharat V. Patel (24 April 2018)

/ Abhay Manohar Sapre, Income Tax Act, 1961, Income Tax Act, 1961 with Section 17(2), Income Tax Act, 1961 with Section 28(iv), Judges, Perquisites, R.K. Agrawal

Supreme Court Clarifies Taxability of Stock Appreciation Rights (SARs) in Income Tax Act: Addl. Commissioner of Income Tax vs. Bharat V. Patel (2018) LEGAL ISSUE: Whether the amount received on redemption of Stock Appreciation Rights (SARs) is taxable as a perquisite or as capital gains under the Income Tax Act, 1961. CASE TYPE: Income Tax

Supreme Court Clarifies Taxability of Stock Appreciation Rights (SARs) in Income Tax Act: Addl. Commissioner of Income Tax vs. Bharat V. Patel (24 April 2018) Read Post »

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