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Tax Cases Weekly Round-Up: 25 June To 1 July, 2023

Nifty, Sensex Driven by Strong Momentum to Lifetime Highs

On Monday on the Bombay Stock Exchange (BSE), 1860 stocks advanced, 1783 declined and 175 remained unchanged, with an advance decline ratio of 1.04. Over the weekend political instability in Russia, blew over without much impact, given that Russia is one of the major suppliers of oil.

Income From The Sale Of RECs Is Capital In Nature, Is Not Subject To Taxation: ITAT

The Amritsar Bench of the Income Tax Appellate Tribunal (ITAT) has held that the income from the sale of Renewable Energy Certificates (RECs) is classified as capital in nature and is not subject to.

Nifty, Sensex On a Minor Downtrend - Thursday Closing Report

On Thursday, 1318 stocks advanced, 2208 declined and 129 remained unchanged on the Bombay Stock Exchange (BSE), with an advance decline ratio of 0.60, indicating a negative closing of stocks in broader markets.

Sensex hits record high - Wednesday Closing Report

On Wednesday, 1760 stocks advanced, 1756 declined and 126 remained unchanged on the Bombay Stock Exchange (BSE), with an advance decline ratio of 1.00 indicating a positive closing of stocks in broader markets. Foreign flows, particularly those from passive index flows, play a significant role in driving India s equities market. India has benefited from the pause in the Fed s rate hike cycle, which helped improve global risk appetite, for now.

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