No decision has been taken yet by the government on giving immunity to political parties from providing information under the Right to Information Act as the six-week deadline by the Central Information Commission ends on Monday.
A high court judge in London on Monday granted fugitive diamond merchant Nirav Modi permission to appeal against a magistrates' court order in favour of extradition to India to face charges of fraud and money laundering before the Indian courts on mental health and human rights grounds. Justice Martin Chamberlain delivered his verdict remotely under COVID-19 rules to conclude that the arguments presented by the 50-year-old diamond merchant's legal team concerning his "severe depression" and "high risk of suicide" were arguable at a substantial hearing. He also noted that the adequacy of the measures capable of preventing "successful suicide attempts" at Arthur Road Jail in Mumbai, where Nirav Modi is to be detained upon extradition, also fall within the arguable ambit.
'Individuals can consider dividing ownership of properties between related persons to ensure that the sale transactions are below the Rs 50 lakh limit and therefore not subject to TDS.'
A Supreme Court bench of Justice M R Shah and Justice Bela M Trivedi in a special sitting on Saturday upheld the Maharashtra government's plea and suspended the Bombay high court order acquitting former Delhi University Professor G N Saibaba in a case relating to his alleged Maoist links.
The Central Board of Direct Taxes, the apex policy making body of the I-T department, has been undertaking a host of steps to bolster the litigation management wing of the department which has come under criticism not only from courts but also successive Finance Ministers and in the audit reports of the Comptroller and Auditor General.
'That would once and for all teach all the film-makers of this country a fitting lesson!'
They just wanted their angst noticed, and as a symbol of recognition, Jallikattu, restored without the annual ritual of court cases and adjournments, explains N Sathya Moorthy.
Based on repeated appeals from Choksi, who is wanted in the Rs 13,000 crore bank fraud in Punjab National Bank and is holed in Antigua and Barbuda after fleeing from India in 2018, the CCF removed his name from the Red Notice list in November 2022, the CBI said in a statement.
The chairperson of the Censor Board has sent her resignation to the government. So have some other members. They have alleged interference by the government and corruption in the board.
Challenging the "illegal" reduction in its claim by the erstwhile resolution professional (RP) in the Jet Airways revival plan, the Punjab National Bank (PNB) has moved the National Company Law Appellate Tribunal (NCLAT) citing discrimination. The NCLAT on Thursday issued notices to RP Ashish Chhawchharia and the committee of creditors on PNB's plea to set aside the insolvency court's approval of the airline's revival plan. It has posted the matter for further hearing on September 21.
Since the bankcuptcy law came into effect from December 2016, with every quarter, the recovery rate has progressively been going down, notes Tamal Bandyopadhyay.
Selling property below market value can lead to litigation. Tinesh Bhasin offers tips on how to avoid it.
I-T dept has asked for Rs 5,357 crore ($865 million) alleging the company had suppressed its revenue for FY09 to evade taxes
PMO's stance came as part of a reply to the whistle-blower forest officer, Sanjiv Chaturvedi, after he dragged the PMO to the Central Information Commission for denying information under the RTI Act.
In 1985, Balbir Singh Sr had donated his medals and memorabilia to the then SAI Secretary on being told that they would be displayed in a show window at the then proposed National Sports Museum.
A Siliguri-based hotelier has challenged a National Company Law Appellate Tribunal (NCLAT) ruling that closed insolvency proceedings against OYO and one of its units, in the Supreme Court. The hearing is scheduled for September 13 before a two-judge Bench. Oyo did not immediately respond to a request for comment.
Terming as "infructuous", the Supreme Court on Tuesday closed as many as 11 petitions, including the one filed by the National Human Rights Commission (NHRC), almost 20 years ago seeking an independent probe into the 2002 Gujarat riots cases.
Domestic traders body CAIT on Thursday said that much against the declared spirit of GST as good and simple tax, it has become a "colonial taxation system" not compatible with the ground realities of business in India. Various amendments and introduction of rules under GST in the recent past have made the tax systems system much more complicated and put much compliance burden on the traders, it said in a statement. The Confederation of All India Traders (CAIT) added that it is not alone the centre but largely the state governments are more responsible for distorting the GST taxation system and bringing disparities and anomalies in it which has made it a more complex system and a "big headache" for the traders.
The government is also planning to set up specialised Benches for competition law to reduce the burden of the appellate tribunal, which is referred to on all matters from company law and IBC to competition law and the national financial reporting authority.
India is often viewed as an aggressive tax jurisdiction by domestic and overseas taxpayers, and making the charter as part of the Act may help restore confidence among taxpayers.
The new chief minister, if from the Congress, will have little or no time for political administration, to ensure that he does not lose the voter's goodwill even before the Lok Sabha polls. He can count only on one thing. That the BJP may not want to upset him too early lest an early failure should become an added problem for the party in all the polls to follow, predicts N Sathiya Moorthy.
The non-reporting of sexual assault against a minor despite knowledge is a "serious crime" and an attempt to shield the offenders, the Supreme Court said on Wednesday.
The National Investigation Agency on Friday told the Bombay high court that the health condition of poet Varavara Rao, an accused in the Elgar Parishad-Maoists links case who is currently on an interim medical bail granted in February this year, was stable and hence must surrender before the prison authorities.
The Enforcement Directorate (ED) on Wednesday issued show causes notices for alleged foreign exchange violations of Rs 3,805 crore (Rs 38.05 billion) to telecom firms and other entities as part of its investigation into the 2G spectrum allocation case.
The Budget proposed abolishing the under-performing, authority of advance ruling, to replace it with a two-member board of advance ruling.
It further said that he cannot live merely on 'past glory' as the trust has been reposed in him for defending the country.
Budget 2014-15 has done away with the tax sunset clause of March 2014.
Nirav Modi, the fugitive diamond merchant wanted in India to face charges of fraud and money laundering in the estimated $2-billion Punjab National Bank (PNB) scam case, has lodged his appeal against extradition from the UK and the case will be heard at the high court in London on December 14. The 50-year-old jeweller, who remains behind bars at Wandsworth Prison in south-west London since his arrest in March 2019, was granted permission to appeal against the Westminster Magistrates' Court extradition order on mental health and human rights grounds. High court judge Martin Chamberlain had ruled on August 9 that arguments presented by Modi's legal team concerning his "severe depression" and "high risk of suicide" were arguable at a substantial hearing.
The 30-share Sensex ended down 297 points at 27,438 and the 50-share Nifty closed 93 points lower at 8,305.
For online fraud, approach cyber cell and file a complaint.
Central Board of Indirect Taxes and Customs said despite the electronic way or E-way bill mechanism there has been rampant evasion and there is a need to increase compliance.
Asking Indian Institute of Technology Bombay to adopt a humanitarian approach, the Supreme Court on Monday directed the premier engineering institute to allocate within 48 hours a seat to a young Dalit boy, who missed out, as he could not deposit his fees due to the non-functioning of his credit card.
The new rates, which are likely to be at $8-8.4 against the current price of $4.2 per million British thermal unit, are based on the recommendations of a committee that was appointed by Prime Minister Manmohan Singh at the request of Moily's predecessor, S Jaipal Reddy.
The Delhi high court on Monday said it would hear on May 10, pleas by internet and social media giants, Facebook, Twitter and Google, challenging an order directing them to remove, block or disable on a global basis links to a video containing defamatory allegations against yoga guru Ramdev.
Mukhim's counsel had earlier argued before the apex court that there was no intention to create disharmony or conflict through the post which referred to an incident of a murderous assault on July 3, 2020.
Most political leaders in Punjab have come out in the open to oppose him, unlike the early 1980s when political leaders were scared of speaking against Bhindranwale, observes Sudhir Bisht.
'I clearly recall how you immediately directed your administration to identify and allocate land, water, and other clearances in the shortest time possible.' 'That was the fastest decision-making process I have ever witnessed.'
The ED is of the opinion that the authority stepped into the shoes of the trial court and commented on the preliminary investigation done by the CBI in the impugned order.
'India can replicate what Pakistan did to Kulbhushan Jadhav should the need arise.' 'Hopefully, Pakistan will see reason before that transpires,' says Ambassador G Parthasarathy, former high commissioner to Pakistan.
Mihir Tanna, Associate Director, S K Patodia & Associates, answers your personal income tax queries.
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