Compensation for Business Closure is Taxable: Kerala HC
Lately, the Kerala High Court made a decision that is likely to affect many business entities seeking exemption from taxation for amounts received for the purpose of winding up a business entity. In this decision, the law becomes more certain in a realm
“Delhi High Court Rules Settlement Consideration as Capital Gains, Not Salary Profits”
The bench of Justice Yashwant Varma and Justice Ravinder Dudeja Observed the tribunal made a fundamental error by distinguishing between a ” perquisite” and “profit in lieu of salary” mentioned in Section 17(3) addresses compensation received from an employer upon termination or modification
Madras High Court rejects the petition filed by Tamil Actor Vijay regarding the entry tax on his imported vehicle.
Madras High Court rejected the petition filed by Tamil Actor Vijay in the year 2012. Petitioner contended upon the demand of entry tax on his imported Rolls Royce Ghost car. Further, Justice SM Subramanian imposed Rs 1 lakh on the Actor for eluding