Search Results for Tag : Statutory Corporation

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SC Directs Verification of Workers' Claims as LIC Bound by Constitution(28.04.2022)

Supreme Court has said that the Life Insurance Corporation, as a statutory corporation, is bound by the mandate of Articles 14 and 16 of the Constitut.....

Tags : Supreme Court, Life Insurance Corporation, statutory corporation, Articles 14, Articles 16, 11,000 workers

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SC: Statutory Corporation Can Deduct under S.36(1)(viii) Only for Income from Long-Term Finance(11.12.2025)

Supreme Court held that a statutory corporation cannot claim the 40% deduction under Section 36(1)(viii) of the Income Tax Act for income earned outsi.....

Tags : Statutory Corporation, Finance, Income Tax Act

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