Introducing the “In Favour Of” filter in Case Laws.
- ⚖️ Instantly identify judgments decided in favour of the Assessee, Revenue, or Appellant
- 🔍 Narrow down results with higher precision
Try it now in Case Laws →
TaxTMI Login
🚀 New Feature Launched ✕
Just a moment...
Introducing the “In Favour Of” filter in Case Laws.
Try it now in Case Laws →
Press 'Enter' to add multiple search terms. Rules for Better Search
of 
of 
No Folders have been created
Are you sure you want to delete "My most important" ?
NOTE:
of of 
All Circulars
of of All Circulars
Note
Bookmark
Share
Don't have an account? Register Here
of <h1>Inter-Corporate Deposits Classified as Loans u/ss 295 and 370, Rajasthan High Court Decision Referenced.</h1> The circular addresses the applicability of sections 295 and 370 concerning inter-corporate deposits under the same management, determining whether these deposits should be treated as 'loans.' Following consultation with the Law Ministry, it is clarified that deposits made by one company with another are considered 'loans' under these sections, thus invoking the provisions of section 370. The circular references a decision by the Rajasthan High Court in Totalal v. State, which supports this interpretation.
TaxTMI 
TaxTMI 
