The Bengaluru-headquartered company said the 'draft assessment order' from tax authorities for 2008-09 fiscal has arised primarily due to denial of deduction under section 10A of the Income Tax Act, 1961, in respect of profit earned by its undertaking in the Software Technology Park at Bengaluru.
It further said that he cannot live merely on 'past glory' as the trust has been reposed in him for defending the country.
The ED has now seized the property, agency sources said.
Kalanithi Maran claims deal with Ajay Singh is dead; SpiceJet spokesperson says Maran's claims are baseless and false
Sebi has now proposed that the Companies Act should also clearly mention that a person should vacate the office of a director if it orders his or her disqualification.
Besides LTCG tax relief, permitting taxpayers to declare two houses as self-occupied brings a huge relief.
After hearing the petition, filed by the country's largest real estate developer last week, the Tribunal adjourned the matter till October 30 next week, as it sought a response from capital markets regulator Securities and Exchange Board of India on DLF's plea for an interim relief.
The green panel ordered removal of iron grills in front of the ice stalagmite resembling the 'Shiva Linga' so that devotees could get a better view of it and said there should be no noise pollution near the sacred structure.
'For what happened, I have deep regrets and know it was wrong and we have been punished for it. I would request the PCB to now also look at our cases'
As NCLAT chair, lack of basic infrastructure remains Justice Mukhopadhaya's biggest challenge. The lack of permanent staff to take down orders in shorthand and later type them out for him to correct is just one among many. In cases where there are a number of intervening parties and applicants, the courtroom is often so jam-packed that even the senior advocates have failed to find place inside.
Earlier, while presenting the Budget on February 1, Finance Minister Arun Jaitley had proposed to cap cash transactions at Rs 300,000 with effect from April 1.
The Central Electricity Regulatory Commission (CERC) has said the first 660-Mw unit of Reliance Power's 3,960-Mw Sasan ultra mega power project (UMPP) could not achieve its "full load" in March 2013 and rejected the company's plea to appoint an independent technical committee to look into the readiness of that unit.
Simplicity will make the Budget investment-friendly
In anticipation of a verdict to be delivered by the International Tribunal of the Permanent Court of Arbitration in The Hague on Tuesday, China has orchestrated a worldwide campaign to defuse its findings.
Sebi has asked exchanges to appoint independent auditors to conduct forensic audit of these firms for verification, including their credentials/financials.
The CAG report, tabled in Parliament, states the interest on the short payment stood at Rs 1,052.13 crore for the period up to March 2016.
Called Signature Villa, the property was gifted to him by Nakheel Public Joint Stock Company. The dispute was over whether this was a gift or payment for services Khan had rendered to the company.
Sonowal said the judgement is a reflection of India's democratic values where human rights and fairness are respected.
On September 20, the Maharashtra government had told the court that Aarey cannot be declared a forest just because of its greenery.
The Union finance ministry has asked field officers of the income tax department to not be adversarial to assessees, and to not send high-pitched demands without a proper basis.
The SC said there were enough guidelines to be followed by the censor board to grant certification of a film before its release
India's Founding Fathers did not give absolute powers of enforcement to the court. It is most surprising that the Supreme Court has accepted this situation, cleverly designed by the political class to weaken the top court, for all these years without demur, says B S Raghavan.
The guru described the Central government and the Aam Aadmi Party government in Delhi as "intelligent" for supporting the event.
As of now, just about 10 lakh people, out of the total 40 lakh, who were excluded in the draft of the NRC have submitted applications for inclusion of their names in the list of Assam's citizens.
Summary of sports events and persons who made news on Thursday
The only objective of the government's ordinance was to protect it's loyal ally, says BJP's Arun Jaitley
The govt asserted the Centre has no role in the preparation of the draft list.
A summary of sports events and persons who made news on Friday
The fair market value of an immovable property will be higher from the acquisition cost.
World soccer's governing body FIFA will proceed with an election to pick a new president on Friday to replace the disgraced Sepp Blatter and vote on a set of reforms aimed at restoring its credibility after the worst graft scandal in its history.
Jerome Barson, who was a passenger in a sedan that collided with the SUV that Venus Williams was driving, died 13 days after the accident.
Chief Minister Sarbananda Sonowal said the "historic day will remain etched in their memories forever".
A summary of sports events and persons who made news on Saturday
Summary of sports events and persons who made news on Thursday
The stage is now set for the controversial three-day cultural event opening on Friday on the Yamuna flood plains even as Art of Living guru Sri Sri Ravi Shankar struck a defiant note that he will not pay Rs 5 crore fine imposed by Green Tribunal and would rather go to jail.
The bench, which wanted the Civil Aviation Ministry to think over the various issues plaguing the national carrier, also said other area of concern was the priority given to private airlines with Air India aircraft being asked to hover around during the peak landing hours causing huge loss of money on fuel.
The deal, involving Abu Dhabi carrier Etihad's purchase of 24 per cent stake in Naresh Goyal-led Jet Airways, was approved last month by the Competition Commission of India.
Gen Sharif had earlier promised to bow out at the end of his term in November this year.
SC tells the Centre that any deviation from its stand that the issue of Indian Prisoners of War languishing in Pakistani prisons cannot be taken to the International Court of Justice, will have its own ramifications.
After the court exonerated him in the case, a happy Prof Joseph told Rediff.com over the phone, "I am very happy. I had no intentions of hurting anyone. When the protests happened I had given an unconditional apology to both the public and the college but it was not accepted. Today they know that I was innocent."
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