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Tag: ILFS

Income Tax in Media

DND flyover operator Noida Toll Bridge Company gets massive Rs.21,000 crore tax relief

byAdmin20/09/202420/09/2024

In a significant win for Noida Toll Bridge Company Limited (NTBCL), the Income Tax Appellate Tribunal (ITAT) has quashed a massive tax demand of approximately ₹21,000 crore. The listed entity, part of the IL&FS Group, operates the Delhi-Noida-Delhi (DND) flyover, a critical infrastructure link between the two cities.

GST Article

Corporate Guarantee is taxable as Business Auxiliary Service under Section 65(105)(zzb) of the Finance Act

byCA Bimal Jain22/11/202322/11/2023

M/s. Infrastructure Leasing and Financial Services Limited (“the Respondent”) is engaged in the business of providing ‘financial services’. The Respondent…

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