Comcom concerns over telecom disputes scheme

The Commerce Commission is concerned the Telecommunications Disputes Resolution Scheme is still not fully independent of industry funding and control. In his foreword to a report on the 2024 review of ...

LIS Technologies Inc. to Invest $1.38 Billion in Oak Ridge, Tennessee Following Its Acquisition of $8 Million, 206-Acre Duct Island, Now Rebranded as "LIST Island"

LIS Technologies Inc. ("LIST" or "the Company"), a proprietary developer of advanced laser technology and the only USA-origin ...

CACI’s Meisha Lutsey Appointed to the Intelligence and National Security Alliance’s Board of Directors

CACI International Inc (NYSE: CACI) announced today the Intelligence and National Security Alliance (INSA) named Meisha ...
Tax Guru

Unexplained Investment Limited to Actual Payment Made in the Year: ITAT Mumbai

The Tribunal ruled that additions under section 69 cannot exceed the amount actually invested during the relevant year. Where most payments were loan-funded, only the year-specific payment required ...
Tax Guru

80P deduction admissible on interest earned by co-operative society from deposits with co-operative and nationalized banks

ITAT Pune held that deduction under section 80P of the Income Tax Act admissible on interest income received by co-operative society from deposits with co-operative banks and nationalized banks.