A bench headed by Justice S H Kapadia, while disposing of Sebi's plea, also expunged the Securities Appellate Tribunal's observations on Sebi's adjudicating officer Amit Pradhan. Pradhan had imposed a penalty of Rs 1 crore (Rs 10 million) on Goldman Sachs Investment (Mauritius) for furnishing 'false' declarations citing violation of the Sebi(Foreign Institutional Investors) Regulations, 1995.
The income tax department has moved the Supreme Court stating that private telecom service providers are liable to deduct tax at source for the payments made to state-owned BSNL and MTNL for inter-connectivity.
Nikhil Advani gets a second chance in life with Patiala House.
The judgment has serious tax implications for multinationals, which hitherto were taking the plea that no tax was deducted on home salary, with the apex court ruling that TDS provisions can be extended beyond the country's borders in the case of salaries.
"Special leave is not a matter of right vested in the employee. It depends on the administrative exigencies," a bench of Justices S H Kapadia and Aftab Alam said while striking down a direction passed by Punjab and Haryana high court.
The Supreme Court has issued notices to 23 states and three UTs on a petition by Tata Motors seeking quashing of the Central Sales Tax Appellate Authority's decision asking it to pay Central Sales Tax to the tune of around Rs 14 crore (Rs 1 40 million) on sale of bus chassis to the Andhra Pradesh government.
Looking at the latest posters of Tamil film, Arasan the Don, you may wonder what US President Barack Obama and Rajnikanth have in common.
The Ahmedabad Crime Branch on Monday released the photographs and details of five accused, who are still absconding, in connection with the Ahmedabad serial blasts.In a statement, the crime branch gave background of the five Students Islamic Movement of India activists -- Abdul Subhan alias Tauqeer, Qayamuddin Kapadia, Abdul Razzak, Mujib Sheikh and Alamzeb Aafridi, who are accused in the serial blasts.
Reportedly, the filmmaker signed Deepika and Ranveer for this film as well.
"We have a cash balance of close to Rs 1,500 crore. A majority of this balance can be used for acquisitions as our annual working capital requirement is only Rs 25-30 crore. I will not rule out a buyout of companies to expand our domestic business," said Mernosh Kapadia, senior executive director, GSK India. It is speculated that GlaxoSmithKline Plc is in talks to acquire leading Indian drug major Piramal Healthcare, in a deal valued over $1.5 billion.
Sukanya Verma looks at the many, many reasons for marital discord reported in Hindi movies.
'Alok Nath cannot leave the country and he cannot be seen anywhere around the periphery of where I live,' says Vinta Nanda.
The Income-Tax department has challenged a Bombay High Court order which gave tax relief to Bachchan. The case relates to the actor's income from the popular TV game show Kaun Banega Crorepati.
Kal Ho Naa Ho director Nikhil Advani is looking for candidates to play a young version of Akshay Kumar in his next, Patiala House.
Over 5,000 highly skilled migrants, most of them Indians, left Britain following the changes that were challenged in the high court. The court ruled on April 8 this year that the November 2006 changes could not be applied retrospectively.
We celebrate Bhattsaab and his greatest gems.
The good folks at The Bohri Kitchen share this recipe of a divine concoction of rice, curd and sugar.
The Supreme Court on Monday sought reply from PricewaterhouseCoopers as to why the non-resident company should not pay advance tax on fee charged by it for providing services in India.
The Supreme Court on Wednesday ordered registration of criminal cases against students indulging in ragging activities.
A look at the film folk who attended the Zee Classic Timeless Asha concert.
Arbitrage schemes can give investors better post-tax returns than debt funds.
A bench headed by Justice S H Kapadia asked the company to challenge the ruling before an appropriate high court. The apex court also stayed both the AAR order and the assessment till the company moves a high court. On May 9, the AAR said that income of Foster's Australia Ltd from the transfer of its right, title and interest in trademarks and Foster's brand intellectual property is taxable in India.
Alia Bhatt and Sidharth Malhotra's Kar Gayi Chull is the latest song to praise Bollywood's heroines.
The Supreme Court on Wednesday dismissed an application challenging the order of Uttar Pradesh Governor T V Rajeshwar refusing sanction for the prosecution of state Chief Minister Mayawati in the Taj Corridor case. A bench comprising Justice S B Sinha, Justice S H Kapadia and Justice D K Jain dismissed the application filed by amicus curiae Krishan Mahajan, challenging the order of the governor.
Supreme Court has ruled that interest paid on loans for capital assets are subject to IT deductions, even if the assets were not put to use.
A recap of moments captured in India in the past 24 hours.
Bajaj Auto had accused TVS Motor of infringing its patent on DTS-i -- acronym for Digital Twin Spark Plug ignition -- in TVS Flame. TVS, in its latest 125 cc motorcycle Flame, uses CCVTi technology which Bajaj claims to be a copy of its DTS-i technology. The Pune-based two-wheeler maker uses DTS-i technology in various products including the Pulsar series of bikes.
The court also wanted to know about the nodal agency that would be entrusted the job of overseeing the dismantling of the Blue Lady, which has already been breached.
The Supreme Court will decide on Wednesday the fate of the government's decision of providing 27.5 per cent reservation to OBCs seeking admission to educational institutions from the academic session 2007-2008.
The apex court has already issued notices on the petition challenging the order issued by Union Human Resource Development Minister Arjun Singh and the government in its counter has justified caste-based reservation.
Dismissing the appeals of a large number of companies that opposed the new policy, the bench headed by Justice SH Kapadia said AS 22 sought to arrive at the true accounting income. "In the age of globalisation, the attempt is to reconcile the accounts of the Indian companies with their joint venture partners abroad," the 220-page judgment said, and added: "The aim is to harmonise Indian accounting standards with international standards."
The chief minister is facing allegations of amassing assets beyond her known sources of income. She is reported to have made over Rs 100 crores in the Taj corridor scandal.
A Bench headed by Justice S H Kapadia, while setting aside the high court order, directed Reliance Energy to submit its financial bid for the project within three months.
'I have done so much work after the Mahabharat, but people still remember me as Duryodhan.'
The Supreme Court on Thursday reserved its judgement on an appeal by Anil Ambani firm Reliance Airport Developers challenging the Delhi high court verdict, which upheld the government's decision to allot modernisation of Delhi and Mumbai airports.
Expectations of strong results, consistent performance and investors preference for stocks in the defensive space help the sector outshine broader markets.
The court also wanted to know from the government as to what safety measures it proposed to take for protecting the workers who have to discharge the function of ship breaking.
She has worked with Bollywood stars such as Zeenat Aman, Hema Malini, Dimple Kapadia, Madhuri Dixit and Shilpa Shetty among many others. Hairstylist Nalini Naegamvala shares career tips.
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