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Selling property? Expect a letter from the I-T dept
The government can seek details from sellers such as sources of funds while buying, reports Tinesh Bhasin/Business Standard. When you sell a property next time, expect a letter from the Income-Tax......
India's debt recovery mechanism off to slow start
India’s debt recovery and restructuring framework is still a work in progress, even six months after the President's assent to the Insolvency and Bankruptcy Code 2016. Illustration: Uttam......
Lessons from the Mistry-Tata confrontation
Successors work hard, and many of them succeed and stay for many years.'But when they don't it is best to be civil and part ways than seek confrontation which might prove acrimonious and......
India Inc's distress sale misses its mark
Since April 2015, 33 deals of Rs 82k crore (Rs 82 trillion) were announced; few took offIn September last year, infrastructure major Lanco Infratech had proposed to sell a part of its power......
Kolkata flyover collapse: 'Act of God' plea lacks legal bite
Other than breach of contract, a case for criminal negligence can also be made out in such a situation An ‘Act of God’, force majeure in legal parlance, is a term for forces that......
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