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In a first, SC collegium to upload its decisions on website

The Supreme Court collegium has decided to upload on the apex court's website decisions taken by it including elevation, transfer and confirmation of judges in order to ensure transparency in its......

SC allows IT-dept to reopen tax case against Big B

In a setback to megastar Amitabh Bachchan, the Supreme Court on Wednesday allowed the Income Tax department to reopen a tax case against him pertaining to his income for the assessment year......

Prez polls: Pawar pulls up Sangma, says NCP to back UPA

A day after the All India Anna Dravida Munnetra Kazhagam and Biju Janata Dal announced support for party leader P A Sangma's candidature, Nationalist Congress Party chief Sharad Pawar on Friday......

Verdict on plea to end Quattrocchi case deferred

A Delhi court on Monday deferred till March 4 pronouncement of its judgment on the Central Bureau of Investigation's plea to drop the case against Italian businessman Ottavio Quattrocchi in Bofors......

No change in govt stand on 'Q': CBI tells court

The Central Bureau of Investigation on Thursday contended before a Delhi court that there is no change in government's stand on withdrawing the case against Italian businessman Ottavio Quattrocchi......

Shah Rukh Khan's loan to wife not to evade tax: ITAT

Image: Gauri and Shah Rukh Khan. Photograph: Pradeep Bandekar     In a relief to actor Shah Rukh Khan, the Income Tax Appellate Tribunal has overturned an order of the tax authorities......

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......

Expenses on company directors' wives' travel taxab

There is some bad news for the wives of the directors of companies.The Delhi Bench of ITAT, in a recent order, has turned the tide and annoyed the wives of directors of companies who are fond of......

MNCs breathe easy; SC offers them tax relief

The case relates roughly to assessment years 2000-01 to 2002-03 and 2004-05 to 2007-08 The Supreme Court in a recent judgment has ruled that the outsourcing of work to India by multinational......

I-T tribunal bats for Sachin in tax dispute

Treats gains on sale of as capital gains, not business income, spares him from huge tax liability. The Income Tax Appellate Tribunal, Mumbai, has ruled in favour of cricketing star Sachin......

Resul Pookutty's next after Slumdog Millionaire

Oscar winning sound designer Resul Pookutty, who won many fans for his work in the Oscar winning movie Slumdog Millionaire, isback with his firstIndian movietitled Pazhassi Raja.The film, which......

Amit Sana's doing fine, fine, fine!

Voted out in the final of the Indian Idol competition, Amit Sana is still a very happy young man. The Sony Entertainment Television talent hunt gave him the room to expand from classical singing to......

KKR look to maintain momentum against Punjab

After returning to winning ways with a hard-fought triumph over Delhi Daredevils, the Kolkata Knight Riders will be hungry for more when they take on a formidable Kings XI Punjab at home in their......

Asiad: Somdev survives scare to reach final

Somdev Devvarman inched closer to a historic tennis gold at the Asian Games as the gritty Indian overcame a stunning second-set lapse to tame Tatsuma Ito and seal a place in the men's singles......

Spurs crush Arsenal's title hopes with derby win

Tottenham Hotspur dealt a potentially fatal blow to north London rivals Arsenal's Premier League title hopes with a 2-1 win at White Hart Lane on Wednesday.A superb Danny Rose volley and a second......

Gilchrist lights up hometown farewell

Adam Gilchrist's last appearance on home turf followed the perfect script, as the retiring Australian struck his 16th ODI century to guide the hosts to a 63-run victory over Sri Lanka in a CB......

Dravid equals Gooch's record

- Warner Park in Basseterre, St. Kitts became the ninth ground to host a Test match in the Caribbean islands after Kensington Oval (Bridgetown, Barbados), Queen's Park Oval (Port-of-Spain,......
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Congress, BJP demand probe into AAP's funding

The Congress and the BJP today demanded a probe into the AAP's funding after the ruling party in Delhi was issued a notice of Rs 30 crore by the... ...

http://www.business-standard.com/article/pti-stories/congress-bjp-demand-probe-into-aap-s-funding-117112800002_1.html
IT department to challenge ITAT order favouring Tatas

Income Tax (IT) authorities are expected to challenge a recent order of the IT Appellate Tribunal (ITAT) here that dismissed a bid to tax the Tatas... ...

http://www.business-standard.com/article/news-ians/it-department-to-challenge-itat-order-favouring-tatas-117112100554_1.html
Sebi puts penny stocks under scrutiny; to seek withdrawal of LTCG

Market regulator Sebi is seeking to curb manipulation in penny stocks. It is planning to seek withdrawal of long-term capital gains tax (LTCG)... ...

http://www.mydigitalfc.com/deep-dive/sebi-puts-penny-stocks-under-scrutiny-seek-withdrawal-ltcg
Prasad for disposal of long pending cases in mission mode

Union Law Minister Ravi Shankar Prasad today urged judges of High Courts and District Courts to work in a mission mode to clear all cases pending... ...

http://www.business-standard.com/article/pti-stories/prasad-for-disposal-of-long-pending-cases-in-mission-mode-117111900637_1.html
Brokerage Paid To Rent Property Is not Allowable Deduction Under Income Tax

By Accommodation Times Bureau In the matter of Tube Rose Estates Pvt. Ltd. Vs ACIT (ITAT Delhi) it was held that Brokerage paid to rent out... ...

https://accommodationtimes.com/brokerage-paid-to-rent-property-is-not-allowable-deduction-under-income-tax/

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