Though the government in 2005 put an end to dividend stripping by enacting a law, disallowing the sale of mutual fund units within nine months if they were purchased three months prior to the dividend record date, the I-T department has been trying to recover taxes from several assessees, who exploited this loophole prior to the enactment of the new law and evaded tax.
The Supreme Court on Monday deferred to October 13 the hearing on a plea of telecom major Vodafone Idea Ltd seeking quashing of the additional adjusted gross revenue (AGR) demands for the period until 2016-17.
The Chhattisgarh High Court has convicted Amit Jogi in the 2003 murder of NCP leader Ramavatar Jaggi, overturning a previous acquittal. Jogi has been ordered to surrender within three weeks.
'My argument was straightforward: If the Constitution allows this reservation and SC/ST and OBC candidates are already getting reservation in private institutions -- backed by Constitution Bench orders -- then not extending the same to EWS candidates directly violates the 103rd Amendment and Article 14, which guarantees the right to equality.'
The Election Commission reports a significant reduction in West Bengal's electoral rolls following a Special Intensive Revision, with nearly 9.1 million voters deleted.
The Chhattisgarh High Court has sentenced Amit Jogi, son of former chief minister Ajit Jogi, to life imprisonment for the 2003 murder of NCP leader Ramavatar Jaggi, overturning a previous acquittal.
The Gujarat High Court has disqualified former Indian cricketer Kiran More and three others from contesting the Baroda Cricket Association (BCA) elections, citing a Supreme Court judgment on tenure limits and cooling-off periods.
Actor Vijay has requested a delay in his CBI questioning regarding the Karur stampede case, citing political engagements. The CBI is also seeking to question Karur MLA V Senthil Balaji.
The Supreme Court ensured a widow received compensation 23 years after her husband's death in a train accident, highlighting the court's commitment to justice for the poor.
The Supreme Court has granted bail to two individuals accused in the 2022 murder of Punjabi singer Sidhu Moosewala, raising questions about the ongoing investigation and trial.
The Supreme Court declined to intervene in allegations of harassment against women dog feeders, stating it's a law and order issue. The court is hearing arguments in the stray dogs case and addressed concerns about unregulated breeding and exotic imports.
YouTuber Elvish Yadav expresses relief and questions accountability after the Supreme Court quashes the FIR against him in the snake venom case, highlighting the impact of media coverage and the harassment faced by his family.
Madhya Pradesh Congress MLA Rajendra Bharti has been disqualified from the state legislative assembly after being convicted in a bank fraud case involving the tampering of bank records. The disqualification has sparked a political row, with the Congress party alleging a violation of democratic process.
The apex court ordered that the Centre and state authorities comply with its directions immediately, and warned of 'serious action' if directions are defied in any form.
Earlier this month, the high court asked Sesa Goa and JSW Steel to re-bid.
The Madhya Pradesh high court has dismissed a petition filed by Shah Bano Begum's daughter seeking to stop the release of the Hindi film Haq, inspired by her mother's famous legal battle, holding that a person's right to reputation or privacy is not heritable.
The Supreme Court of India has emphasised the importance of open access to all temples and 'maths' for everyone, warning that excluding any denomination would negatively impact Hinduism and divide society. This statement was made during hearings on petitions related to discrimination against women at religious sites and the scope of religious freedom.
The family of Harish Rana, India's first passive euthanasia patient, bid him farewell at his cremation in Delhi. Rana's death follows a Supreme Court ruling allowing the withdrawal of life support.
The Supreme Court has rejected a petition seeking to prevent the construction of mosques named after Mughal emperor Babur.
RIL on February 27 rejected the allegations of making foreign direct investments in certain Indian companies through the Singapore-based Biometrix.
The Supreme Court has quashed the conviction of a man in a rape case, noting the complainant and the convict have married each other and observed that the consensual relationship between the parties was given a criminal colour owing to a misunderstanding.
The Supreme Court of India has stated that the time has come for a Uniform Civil Code (UCC), while hearing a plea challenging the Shariat law of 1937. The court suggested that the legislature should address the issue of discrimination against Muslim women.
The Supreme Court has questioned the delay in the hanging of Balwant Singh Rajoana, convicted in the 1995 assassination of former Punjab CM Beant Singh, despite the Centre calling it a 'serious offence'.
The Supreme Court has granted furlough to Vikas Yadav, who is serving a 25-year jail term for the murder of Nitish Katara, allowing him temporary release to spend time with his family during Holi.
The Supreme Court of India has permitted the withdrawal of life-sustaining treatment for a 32-year-old man who has been in a coma for over 13 years following a traumatic brain injury.
The Supreme Court has said that selling land or property is not a service under the Finance Act, 1994, so such sales cannot be charged with service tax.
The Supreme Court refused to entertain a PIL seeking to prevent discrimination and violence against citizens from the northeast and other regions, stating that identifying persons on grounds of race, region, sex, and caste would be a regressive step.
Reliance Group chairman Anil Ambani did not appear before the Enforcement Directorate for questioning in a money laundering case linked to an alleged bank fraud. The ED is investigating loan fraud allegations against multiple Anil Ambani group companies.
Go and face trial, the Supreme Court told singer and activist Neha Singh Rathore on Monday while refusing to entertain her plea challenging a first information report (FIR) against her over a social media post on the Pahalgam terror attack.
Acting on the directive of the Supreme Court, the All India Football Federation (AIFF) on Monday adopted the contentious clause of the new constitution that prohibits its office-bearers from holding dual posts in the national body and state units.
The move comes barely two days after the authorities lifted the restrictions in Leh, 22 days after they were first imposed following violent clashes during protests demanding statehood and Sixth Schedule Status that left four persons dead and 90 injured on September 24.
A court in Thane district granted bail to CoinDCX co-founders Sumit Gupta and Neeraj Khandelwal in an alleged Rs 71.60 lakh cheating case, citing a lack of prima facie evidence against them. The case involves allegations of impersonation and misuse of the CoinDCX brand by fraudsters.
The Supreme Court denied bail to activists Umar Khalid and Sharjeel Imam in the 2020 Delhi riots conspiracy case, citing prosecution material suggesting their involvement in planning and strategic direction. The court granted bail to other activists but emphasized the seriousness of the allegations against Khalid and Imam.
The Supreme Court declined to entertain a plea seeking a special investigation team (SIT) probe into alleged electoral roll manipulation in Bengaluru Central and other constituencies, advising the petitioner to approach the Election Commission of India.
The Supreme Court has suggested that the National Highway Authority of India (NHAI) consider establishing gaushalas (cowsheds) under Corporate Social Responsibility (CSR) to care for stray animals entering highways. The court also expressed dissatisfaction with several states' efforts to manage stray dog populations and suggested developing an app to report stray animal sightings.
The BJP has criticized West Bengal Chief Minister Mamata Banerjee following Supreme Court observations regarding obstructions during ED raids at I-PAC premises, alleging abuse of power and shielding of those accused of corruption.
The Supreme Court has restrained lower courts from releasing the accused in a digital arrest fraud case where a 72-year-old lawyer was duped of Rs 3.29 crore. The court expressed concern over the growing cybercrime and the targeting of elderly citizens.
The Supreme Court has raised concerns about the lack of oversight in the monitoring of CCTV cameras installed at police stations across India, suggesting a need for AI-driven, intervention-free control rooms.
The Supreme Court has expressed serious concern over the rising cases of digital arrest cybercrime in India, where fraudsters extort money from victims by posing as law enforcement officials. The court has vowed to deal with such cases with an iron hand and has sought reports from the Ministry of Home Affairs and the CBI.
The Supreme Court of India has decided to issue a showcause notice to senior advocate Rishi Malhotra, asking why the designation conferred upon him by the apex court should not be revoked. The decision comes in the wake of allegations of misconduct against Malhotra, including suppressing material facts in multiple cases and making misleading statements despite warnings from the court. The full court, convened by Chief Justice Sanjiv Khanna, has decided to give Malhotra one more opportunity to explain his conduct before stripping him of the senior designation. The court has expressed concerns about the effectiveness of the senior designation system and whether it ensures that only deserving advocates are being designated.
