posted: "Citibank, which was acting as Revlon's loan agent, was to transfer about USD 8 million in interest payments to the company's lenders. However, in August 2020, the Citibank had, mistakenly paid back the USD 900 million principal to the members of the lendi"
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posted: "INCOME TAX : Where certain assets of block of assets, not being immovable property of assessee, were sold during regular course of business, before it was wound up during relevant previous year, loss occurring on such sale at a figure less than written do"
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posted: "The Central Board of Direct Taxes (CBDT) has extended the last date to opt for and making payment without any additional charges under the Vivad se Vishwas Act, 2020 by one month. The last date for opting for the scheme is 31-03-2021 and the last date for"
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posted: "INCOME TAX : Where assessee-bank from outset had been treating Broken Period Interest income accrued from sale of government securities as its business income under section 28(i), Broken Period Interest paid by it was to be allowed as permissible deductio"
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