3. CIT (A) deleted the addition holding that the discount paid by the assessee to CFSA cannot be held to be interest and therefore, provisions of Section 40 (a) (i) of the Act would not apply.

Sinking yields lessened the intense pressure on EM currencies, pressure which had forced 'doom loop' EM currency intervention ...

US inflation showed scant signs of downward momentum at the start of the year, while healthy job growth undergirded the ...

The subsidy bill in 2014-15, when Delhi was under a year-long President's rule, was Rs 1,554.72 crore. It has surged more ...

As Chandigarh MC House rejects officials’ plan for four-fold hike in property tax, MC commissioner says he will send a dissent note to the UT administration for final call ...

Hailee Steinfeld has spoken of how the city of Buffalo has embraced her after her engagement to Bills quarterback Josh Allen.

Interested in blogging for timesofindia.com? We will be happy to have you on board as a blogger, if you have the knack for writing. Just drop in a mail at [email protected] with a brief ...

The fourth time was the charm for the Union Pines boys wrestling team in the NCHSAA 3A dual team state championship on ...

Delhi Weather Tomorrow: On election day, IMD predicts light rain along with foggy conditions in parts of Delhi. The trend likely to follow throughout the week ...