👌Nomination is not a statutory testament, says Supreme Court in landmark verdict – The Hindu BusinessLine

https://www.thehindubusinessline.com/business-laws/nomination-is-not-a-statutory-testament-says-supreme-court-in-landmark-verdict/article67682996.ece Clipped from: https://www.thehindubusinessline.com/business-laws/nomination-is-not-a-statutory-testament-says-supreme-court-in-landmark-verdict/article67682996.ece With this decision, the Supreme Court settles the debate over nomination and ownership of shares of a company Recently, the Supreme Court,

Interest on deposits from co-op bank eligible for Section 80(2)(d) deduction

https://taxguru.in/income-tax/interest-deposits-earned-co-operative-bank-eligible-deduction-u-s-80-2-d.html#google_vignette Clipped from: https://taxguru.in/income-tax/interest-deposits-earned-co-operative-bank-eligible-deduction-u-s-80-2-d.html#google_vignette Chetak Co-Operative Housing Society Ltd. Vs ITO (ITAT Mumbai) Conclusion: Co-operative society received/earned interest on deposits with the co-operative bank was eligible for

Section 80P(4) not restrict Section 80P(2) deduction claimed by Co-op Society: HC

https://taxguru.in/income-tax/section-80p4-restrict-section-80p2-deduction-claimed-co-operative-society-hc.html Clipped from: https://taxguru.in/income-tax/section-80p4-restrict-section-80p2-deduction-claimed-co-operative-society-hc.html CIT Vs Tamilnadu Cooperative Housing Federation Ltd. (Madras High Court) Introduction: In a significant legal development, the Madras High Court recently delivered a

Property Gift Deed cannot be treated as Sham Transaction for mere non-registration of deed

https://taxguru.in/income-tax/property-gift-deed-treated-sham-transaction-non-registration-deed.html Clipped from: https://taxguru.in/income-tax/property-gift-deed-treated-sham-transaction-non-registration-deed.html ACIT Vs Vibha Taneja (ITAT Delhi) Background: The case involves an appeal by the revenue against the CIT(A)-15, Delhi’s order for the assessment

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