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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

Kerala High Court Clarifies Accident Compensation: Death Not Linked to Crash Without Clear Medical Evidence

Kerala High Court rules that death cannot be linked to a motor accident without solid medical evidence and restricts multiplier-based compensation when the claimant dies from unre…