There are judicial precedents where it has been held that if payment is made for temporary disablement, it would be taxable, points out Tinesh Bhasin.
Britain's Cairn Energy has secured a French court order to seize 20 Indian govt properties to recover arbitration award, it is learnt.
Fugitive diamond merchant Nirav Modi, wanted in India in connection with the estimated $2-billion Punjab National Bank (PNB) scam case, was on Tuesday further remanded in custody until January 7 by a UK court hearing his extradition case. The 49-year-old businessman, who has been behind bars at Wandsworth Prison in south-west London since his arrest last year following India's extradition request for him, appeared via videolink for a routine 28-day remand hearing on Tuesday before Westminster Magistrates' Court in London. The final hearings in the extradition case are scheduled over two days, on January 7 and 8 next year, when District Judge Samuel Goozee is scheduled to hear closing arguments from both sides before he hands down his judgment a few weeks later.
The Delhi high court on Tuesday dismissed a PIL challenging the appointment of Gujarat-cadre IPS officer Rakesh Asthana as city police commissioner.
Officials said this was another example of Pakistan misusing higher studies as bait for recruitment in terror groups.
Bundled products often come with restrictions. The customer also gets locked into two products at the same time. This reduces flexibility.
Mihir Tanna, Associate Director, S K Patodia & Associates, answers your personal income tax queries.
According to the sources, the woman has joined the duty and proceeded on leave. All her arrears too have been cleared.
Events to keep an eye out for...
Some police encounters that stunned India.
Poor governance and mediocre short-sighted politics are destroying the paradise that Goa was as its environment, water table, culture and way of life is drastically threatened by tourism and migration, points out Ramesh Menon.
Other gainers included Nestle India, Asian Paints, Bajaj Finance, NTPC, L&T, Axis Bank and Bajaj Auto. On the other hand, TCS, ONGC, Infosys, HDFC and SBI were among the laggards. NSE Nifty surged 121.65 points or 1.03 per cent to 11,889.40.
Debt-ridden firm Reliance Capital on Monday objected to the proposed 33.12 per cent stake sale of Prime Focus Ltd (PFL) by Credit Suisse to PFL's promoter group at Rs 44.15 per share. Anil Ambani's Reliance Group company Reliance Capital in a statement termed the proposed transaction as a blatant abuse of the purported rights by Credit Suisse under certain lending agreements with the RCAP Group. However, Reliance Capital did not share the details of the "blatant abuse of the purported rights".
Nirav Modi, wanted in connection with the estimated $2-billion Punjab National Bank (PNB) scam case, was further remanded in custody on Tuesday by a court in London hearing India's extradition request for the diamond merchant. The 49-year-old appeared on Tuesday via videolink from Wandsworth Prison in south-west London, dressed in a maroon sweater and sporting a full beard, for his regular 28-day "call-over hearing" at Westminster Magistrates' Court, where Chief Magistrate Emma Arbuthnot extended his remand for another 28 days until December 29.
The AIADMK is convinced that the BJP will remain an electoral burden for a long time to come, beginning the Lok Sabha polls next year, reveals N Sathiya Moorthy.
The father of Amir Magray, one of the four persons killed in an encounter in Hyderpora area of Srinagar in November, on Thursday filed a petition in the Jammu and Kashmir High Court seeking the return of his son's body, maintaining his 'innocence' and the family's long contribution in the fight against terrorism.
The bill was passed with 165 voting in favour and 7 against it.
'A bold, progressive step forward,' Kotak Mahindra Bank CEO Uday Kotak said of Nirmala Sitharaman's corporate tax breaks.
The TRS on Tuesday alleged that the Centre was being 'insensitive' in not bifurcating the high court so far.
The SC said the petitions were a 'serious attempt to scandalise and obstruct the course of justice'.
Oil-to-telecom conglomerate Reliance Industries (RIL) has emerged as the country's largest wealth creator, adding a staggering Rs 9.6 trillion over the past five years, according to Motilal Oswal's 26th Annual Wealth Creation Study. In doing so, the Mukesh Ambani-led company has beaten its own record of Rs 5.6 trillion generated in 2014-19. The study covered financial year 2015-16 (FY16) to FY21 and ranks the top 100 companies in descending order of absolute wealth created, subject to the company's stock price outperforming the BSE Sensex. The firms were also ranked according to speed (price CAGR during the period).
A UK judge presiding over the extradition proceedings of Nirav Modi on Tuesday ruled that the evidence submitted by the Indian authorities to establish a prima facie case of fraud and money laundering against the fugitive diamantaire is broadly admissible. District Judge Samuel Goozee heard the arguments for and against the admissibility of certain witness statements provided by the Central Bureau of Investigation (CBI) and Enforcement Directorate (ED) at Westminster Magistrates' Court in London and concluded that he considered himself "bound" by the previous UK court rulings in the extradition case of former Kingfisher Airlines chief Vijay Mallya. He then adjourned the case for a two-day hearing on January 7 and 8 next year, when he will hear the final submissions in the case before he hands down his judgment a few weeks later.
The Supreme Court has taken cognisance of the Lakhimpur Kheri incident in which eight people were killed in violence during a farmers' protest, with a bench headed by Chief Justice of India N V Ramana scheduled to hear the matter on Thursday.
"This is the single reason why the country did not have a CDS so far," the former army chief said.
Diamantaire Mehul Choksi will "only" return to Dominica to face trial for illegal entry into that country when a doctor "certifies" that he is fit to stand trial, the media there reported citing conditions laid down by the Dominica high court while granting him bail. In a major setback to Indian efforts to bring him from the Caribbean country, Dominica high court Judge Bernie Stephenson allowed the businessman to return to Antigua and Barbuda, where he has been living as a citizen since 2018 after leaving India, to seek medical advice from neurologist Hayden Osborne at the Mount St. John's Medical Centre, Dominica News Online reported. Choksi is having a clot in brain besides other health issues such as diabetes and hypertension, his legal team has submitted.
'Imran Khan might actually get some initial leeway from the generals to pursue better ties with India -- but not beyond a point.'
During the hearing in CJI's court No 1, an unfazed Justice Gogoi said the allegations are unbelievable.
The judgement penned by Justice Ramana in the Anuradha Bhasin case related to internet ban in Jammu and Kashmir following the abrogation of Article 370 provisions has been hailed by many as one of the progressive verdicts.
The PM said that the Supreme Court has conducted the highest number of hearings via video-conferencing in the world during the coronavirus pandemic.
To do so, the government will have to tackle a number of broad development challenges successfully, says Shankar Acharya
Twenty-four pages of a 39-page dossier prepared by India are devoted to the photographs and Google Maps locations of Naved's residence.
He said India has also opened its defence industry 'like never before' and sought investments in the sector.
When Biocon chairperson Kiran Majumdar-Shaw - well known for raising issues ranging from lack of civic services in Bengaluru to climate change - decided to take on the Indian stock market regulator, the Securities and Exchange Board of India (Sebi), she forced the Indian corporate world and legal community to take notice. In an interview to Business Standard, Majumdar-Shaw called a Sebi order to impose a fine on insider trading charges against a Biocon employee and an external consultant an "Agatha Christie" fiction, which destroyed the reputation of "innocent people". "The order is pure harassment and has caused huge reputational damage to us and goes against the principles of good governance promised by this government," Mazumdar-Shaw said. "We will certainly appeal this," she added.
In a severe dent to the image of higher judiciary, a woman additional district and sessions judge in Gwalior has quit her job accusing a judge of the Madhya Pradesh high court of sexual harassment, a charge he has rejected and offered to face death penalty if found true.
'The government has to take effective steps to strengthen democracy, rule of law, maintain communal harmony and safeguard the security of the country and its people.' 'The government has to carry all sections of the people with it irrespective of their race, caste, community, region or language,' and try to unite them by promoting fraternity among them,' says legendary Constitution expert P P Rao.
The Supreme Court on Friday stayed criminal proceedings against former chairman of Wipro, Azim Premji, and his wife on their plea seeking quashing of the summons issued by a Bengaluru trial court on a "frivolous"and "mischievous" complaint filed by an NGO alleging breach of trust and corruption in merger of three firms with a Premji group firm. A bench of Justices Sanjya Kishan Kaul, Dinesh Maheshwari and Hrishikesh Roy also issued notice to an NGO, Indian Awake for Transparency and others and sought their response. Senior advocates Mukul Rohatgi, A M Singhvi appearing for Premji and others said that the complaint was "mischievous" in nature.
'Under Doval, foreign powers traditionally suspicious of India were wooed.' 'Enemies were embraced.'
Justice Gogoi's tenure as judge and as CJI was marked by some controversies and personal allegations but that never came in his way of his judicial work that was reflected in the last few days when benches headed by him delivered some path-breaking judgments.
In his book Arun Bhatnagar, a retired IAS officer, makes a dig at Hardeep Singh Puri, former diplomat, Union minister and BJP nominee from Amritsar Lok Sabha seat, for Rajiv's faulty Sri Lankan policy, writes Rasheed Kidwai.
The SIM card of the deceased is believed to have helped identify him.
