Under the I-T Act, if a person has more than one property, one of them may be treated as given on rent even if it is vacant
The Securities Appellate Tribunal has stayed the order of market regulator SEBI suspending Anil Ambani Group's brokerage firm, Reliance Shares and Stock Broking Private Ltd for violation of norms.
Mohammad Amir, Mohammad Asif and Salman Butt, who too were found guilty of spot-fixing like Kaneria, have been allowed back into the PCB fold.
In insolvency proceedings, Ericsson will be treated as only an operational creditor and may end up losing the Rs 550 crore
'Crony capitalism will gain due to these Acts.'
The Supreme Court had on Tuesday retained its direction to Karnataka to release 2,000 cusecs till further orders and asked the two states to ensure peace and harmony
The Supreme Court on Tuesday retained its direction to Karnataka to release 2000 cusecs of Cauvery water per day to Tamil Nadu till further orders.
The creation of a National Company Law Tribunal may be further delayed, as a five-judge Constitution bench of the Supreme Court today held several provisions of the Company Law Amendment Act of 2002 as unconstitutional.
A total of 3,30,27,661 people had applied to be included in the NRC. Of them, 3,11,21,004 have been included in the document and 19,06,657 excluded.
If advance tax revenue fails to meet the expected growth, these PSUs could be asked to pay taxes on past demands raised against them.
The arbitration of any court is legally binding and the government) can approach the Singapore high court.
The CJI also said the tribunals 'are not equipped and are lying empty and today a situation has come that no retired Supreme Court judge wants to head the Tribunal'.
The affidavit was filed following a direction from the tribunal last Thursday.
The Madras high court on Tuesday rejected a plea from mining giant Vedanta to order reopening of its Sterlite copper unit at Tuticorin in Tamil Nadu.
Government on Wednesday decided to appeal in Supreme Court against telecom tribunal's order rejecting its claim of privilege on certain internal documents which led to the decision to allow basic operators to offer limited mobility services.
Jet is facing insolvency proceedings in the Netherlands as well where it was declared bankrupt after it failed to pay two European creditors.
This issue was raised in the Lok Sabha by BJD member Bhartruhari Mahtab who said Chand has the potential to win a gold medal in Olympics and government must help her in the case.
The Court of Arbitration for Sport has cleared the way for former Olympic swimming champion Park Tae-hwan to compete at the Rio Games after upholding his appeal against a Korean Olympic Committee doping ban, Yonhap news reported on Friday.
The panel suggests the government be authorised to raise the thresholds, which trigger applicability of Corporate Social Responsibility provisions.
Bangladesh government on Monday sought death penalty for rightwing Jamaat-e-Islami's 91-year-old supremo Ghulam Azam as it challenged in the Supreme Court a 90-year jail term handed down to him by a special tribunal for war crimes.
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Former Air India Executive Director Jitender Bhargava filed the appeal challenging the decision of the Competition Commission of India to clear the Jet-Etihad deal without carrying out a detailed assessment.
The Supreme Court on Friday deferred till Monday (November 10) the hearing on the appeals filed by Cellular Operators' Association of India against a telecom tribunal verdict allowing WLL.
The initiation of IBC proceedings in respect of a debtor has certain drastic consequences on both day-to-day running of the business of a debtor and on all creditors generally.
Gurbax Singh Dhindsa, father of Kargil war martyr GS Dhindsa, in a letter to the PM and defence minister underlining the fact that military personnel have little recourse to justice in higher courts.
RIL had sought to settle a probe by Sebi into the alleged violation of insider-trading norms in sale of shares of its erstwhile subsidiary Reliance Petroleum in 2007.
Akmal was provisionally suspended on the eve of the Pakistan Super League. He was charged with two breaches of Article 2.4.4 of the PCB Anti-Corruption Code in two unrelated incidents on March 17.
Differences on pricing of channels persisted between south India-based broadcaster Sun Group and DTH operator TataSky, which feels that rates quoted by Sun were fit for international channels but not regional.
Looks like the Udta Maker makes will get no help from the government
Regulator Sebi on Friday imposed penalties on Reliance Industries Ltd, its chairman and managing director Mukesh Ambani as well as two other entities for alleged manipulative trading in the shares of erstwhile Reliance Petroleum Ltd (RPL) back in November 2007. Fines of Rs 25 crore and Rs 15 crore have been imposed on Reliance Industries Ltd (RIL) and Ambani, respectively. Besides, Navi Mumbai SEZ Pvt Ltd has been asked to pay a penalty of Rs 20 crore and Mumbai SEZ Ltd has been directed to pay Rs 10 crore. The case pertains to sale and purchase of RPL shares in the cash and the futures segments in November 2007.
The companies have been collecting money through different schemes from investors which has been estimated at several millions.
Barely a fortnight after the freeze on its bank accounts was lifted, the airline filed an appeal against the department in the Income Tax Appellate Tribunal at Bangalore, disputing the Rs 370-crore (Rs 3.7 billion) tax demand levied on it for 2010-13.
Bangladesh's Supreme Court on Monday upheld the death sentence handed down to a fundamentalist Jamaat-e-Islami stalwart for committing mass murder and crimes against humanity during the 1971 liberation war against Pakistan.
Amazon has asked Sebi to suspend its review of the Rs 24,713 crore Future-Reliance deal and not grant a no objection certification on the ground that its challenge to the agreement was before the Delhi high court. E-commerce major Amazon has written to Sebi again, this time apprising it about the admission of its appeal before the division of the Delhi high court and urged the market regulator to suspend the review of the Future-Reliance Industries Ltd (RIL) deal. This is the eighth letter by Amazon to the Securities and Exchange Board of India (SEBI) chairman Ajay Tyagi since late October. Amazon has been opposing Future group's pact with billionaire Mukesh Ambani's RIL that was signed in August last year.
The Securities Appellate Tribunal on Monday dismissed Karvy Consultants' appeal against the Sebi order barring it from opening fresh demat accounts.
The Supreme Court on Friday directed Sahara Group firm Sahara India Real Estate Corp to approach the Securities Appellate Tribunal against the order of Sebi directing the return of money collected from investors for an OFCD scheme within a period of three weeks.
'Whoever is going to stop me from running is going to have to drag me out of the track'
State Bank of India has appointed valuer to assess the value of assets of Mallya.
Kishore Biyani-led Future Retail Ltd (FRL) on Thursday told the Delhi high court that Amazon was opposing the Rs 24,713 crore deal with Reliance as the Mukesh Ambani company was a competitor, a contention denied by the US-based e-commerce giant which said it was interested in salvaging FRL. FRL contended before a bench of Chief Justice D N Patel and Justice Jyoti Singh that Amazon was not concerned if the deal falls through then all the shops of the Indian company would be closed down and it's more than 25,000 employees would be without any livelihood. Senior advocate Harish Salve, appearing for FRL, told the court that the US-based e-commerce giant was only concerned that the Mukesh Ambani group company should not get the shops as they are a competitor of Amazon.
During a series of hectic talks between Cairn Energy and the Indian government over the $1.2-billion arbitration award in favour of the former last week, a slew of options was proposed by the two sides, including computation of capital gains and participation in the Vivad se Vishwas (VsV) dispute resolution scheme. The government is likely to go ahead and appeal against the arbitration award by a Permanent Court of Arbitration at The Hague before March 21, indicated finance ministry officials. Cairn Energy Plc on Sunday said it was hopeful that an acceptable solution to its tax dispute with the Indian government could be found to avoid prolonging and exacerbating the 'negative issue' for all parties.
Indian athletics' biggest doping scandal involving six top women runners, including three Asian and Commonwealth Games gold medallists, ended with the Switzerland-based Court of Arbitration for Sports handing them an enhanced ban of two years.
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