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Court News

ITAT Mumbai Says Stock Write-Down Cannot Be Disallowed Without Evidence, Remands Case for Fresh Hearing

ITAT Mumbai has ruled that stock write-down disallowance under Section 37(1) is unjustified without verifying evidence. The tribunal set aside the CIT(A) order in Ador Welding Lim…

Court News

Karnataka High Court Says Married Sisters Can Claim Motor Accident Compensation as Dependents

The Karnataka High Court has ruled that married sisters can be treated as dependents for motor accident compensation. The Court rejected the insurer’s argument and upheld the MACT…