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Govt examining ruling in Bofors case: Pranab

Finance Minister Pranab Mukherjee said the government is examining the decision of the Income Tax tribunal in the Bofors case and will decide the future course of action later."As the Law Ministry......

Revealed: Quattrocchi, Chadda bribed in Bofors deal

The Bofors ghost returned to haunt the Congress party with an income tax tribunal saying that kickbacks of Rs 41 crore were paid to late Win Chaddha, an agent of the Swedish arms manufacturer and......

Jailed Jaya moves Supreme Court for bail

Jailed former Tamil Nadu Chief Minister J Jayalalithaa, denied bail by Karnataka high court following her conviction and four year sentence in a graft case, on Thursday moved the Supreme Court for......

Bail hearing adjourned, Jayalalithaa to stay in jail

Jailed All India Anna Dravida Munnetra Kazhagam supremo Jayalalithaa will have to stay in prison for at least 6 more days as the vacation bench of the Karnataka High Court on Wednesday posted for......

Jayalalithaa's bail plea to be heard tomorrow

The Karnataka high court will hear jailed former Tamil Nadu chief minister Jayalalithaa's application on Wednesday seeking immediate bail and suspension of conviction and jail sentence in the......

A whopping Rs 1.45 lakh cr stuck due to tax disputes

Finance Minister Arun Jaitley on Friday said as many as 37,506 tax dispute cases were pending before various Income Tax Appellate Tribunals having a financial implication of Rs 1.45 lakh crore at......

Vodafone gets stay on I-T demand

The Income Tax Appellate Tribunal (ITAT) gave a stay order on Friday regarding the Rs 3,700-crore (Rs 37 billion) tax demand made on Vodafone Plc.The final assessment on the company’s......

Tribunal sets aside I-T order on Maruti

The Income Tax Appellate Tribunal has ruled in favour of Maruti Suzuki, stating the auto major was not liable to pay tax under the transfer pricing regulation. It also said the income tax......

LG India gets tax demand on high advertising spend

The Income Tax department has got a shot in the arm, with a special bench constituted by the Income Tax Appellate Tribunal ruling that consumer electronics major LG Electronics India is liable to......

E-courts to hear tax cases via webcast

The unending wait for justice due to the huge backlog of cases may continue. But if the Income Tax Appellate Tribunal has its way, there could be some relief, finally.The ITAT is mulling e-courts,......

Service Tax dept demands Rs 536 crore, BCCI takes legal route

A policeman walks past a logo of the Board of Control for Cricket in India (BCCI) during a governing council meeting of the Indian Premier League (IPL) at BCCI headquarters in Mumbai. Photograph:......

ED's notice to BCCI regarding IPL II fund transfer

The Enforcement Directorate has issued notice to the BCCI to explain transfer and routing of funds to the tune of Rs 1,600 crore in the conduct of the second season of Indian Premier League cricket......
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Vodafone gets High Court relief in I-T case

Mumbai : Vodafone India on Thursday had a major relief after the Bombay High Court set aside an order of the Income-Tax Appellate Tribunal (ITAT)... ...
Income Tax dept lowers pitch on tax demands on multinationals

The income tax department will withdraw from a few hundreds of tax cases with multinational corporations pending in tribunals by the end of this... ...
Ghulam Nabi Azad

With the CBI and Enforcement Directorate raiding Himachal Pradesh Chief Minister Virbhadra Singh's Delhi and Shimla houses, Congress on Saturday... ...
After a 38-year-long legal battle, Wadiyar wins Wealth Tax case

Caption: A view of the Bangalore Palac Bengaluru, Sept. 26- After a prolonged legal battle, which lasted for 38 years, the late scion of the Mysore... ...
Road to efficiency and better compliance

M. Govind Rao, a member of the 14th Finance Commission, had referred to the long-awaited implementation of the goods and services tax (GST) as a... ...

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