The controversy involves mis-selling Credit Suisse AT-I bonds to NRIs as fixed-maturity instruments, later written off after collapse.
'As a result of delays, the desired reliefs are not coming for taxpayers.'
The Supreme Court has ruled that no cognisable offence was committed by BJP leaders Anurag Thakur and Parvesh Verma regarding alleged hate speeches during the 2020 anti-CAA protests in Delhi. The court upheld a previous decision by the Delhi High Court, stating that the speeches did not incite violence or target a specific community.
The Central Information Commission has ordered the disclosure of an investigation into a retired IRS officer's alleged acquisition of assets under different identities and subsequent name change to claim ownership, deeming the case a potentially significant revelation.
A Delhi court upheld the conviction of a man for property fraud but granted him probation due to his age and the lengthy trial, ordering compensation to the complainant.
The Calcutta High Court ruled that seeking a new job, even with a competitor, is a basic right and not moral turpitude. The court directed a company to pay an employee's gratuity dues after withholding them on this basis.
The government is considering a common appellate authority for insurance and all instruments traded on the stock or commodity exchanges. This comes after the formation of the Financial Stability Development Council, a statutory body to coordinate the functioning of financial market regulators.
The Supreme Court of India has ruled that using terms like "miyan-tiyan" and "Pakistani" does not constitute an offence of hurting religious sentiments, though the court acknowledged that such language is in "poor taste". The court discharged a man who had been accused of using these terms against an Urdu translator in Jharkhand.
The extent of doubts over the fairness of this election can be assessed by juxtaposing two figures: Total votes polled by the two principal parties and the number of people who were disallowed from voting this time, observes Nilanjan Mukhopadhyay.
Sources said the Leader of Opposition sought more details of the appointees and is learnt to have questioned the criterion adopted for the selection of Chief Information Commissioner and eight other Information Commissioners.
A panel headed by PM Modi and including Rahul Gandhi will meet to decide on the next Chief Information Commissioner and information commissioners for vacant positions at the Central Information Commission (CIC).
The operator's liability in the case of an incident is limited to 3,000 crore for reactors with thermal power above 3,600 Megawatt; 1,500 crore for reactors with thermal power between 1,500 Mw and 3,600 Mw; 750 crore for reactors with thermal power between 750 Mw and 1,500 Mw; 300 crore for reactors with thermal power between 150 Mw and 750 Mw; and 100 crore for reactors having thermal power up to 150 Mw, fuel cycle facilities other than spent fuel reprocessing plants and transportation of nuclear materials.
Meta on Tuesday argued before appellate tribunal NCLAT that the CCI had provided no reasons for imposing a 5-year ban on the sharing of data between Meta and WhatsApp for advertisement purposes, as its counsel alleged "flawed approach" and "seven misses" by the fair trade regulator in its order.
The 2026-27 Budget, seeking to harmonise the government's imperative to grant certainty while ensuring a rational tax policy, had several notable announcements to usher in halcyon days, says Mukesh Butani.
The Supreme Court has ordered a 75-year-old monk to vacate a portion of the Babulnath Temple in Mumbai, upholding a Bombay High Court order after a decades-long dispute.
The Kerala High Court has overturned a single judge's order that had put a 15-day hold on the screening of 'The Kerala Story 2-Goes Beyond,' paving the way for the film's release.
The Supreme Court of India has directed all high courts to establish timelines for trial courts to expedite the conclusion of acid attack cases across the country, emphasising the need for a more proactive approach and adequate compensation for victims.
Various stakeholders told the committee that there is a need for expanding judicial capacity or restructuring the adjudicatory process by increasing the number of benches and also enhancing financial allocation for improvement of infrastructure.
The Central Information Commission (CIC) has directed the Income Tax Department to disclose 'generic details of the net taxable income/gross income' of an estranged husband to his wife for pursuing maintenance proceedings. The commission stated that such information cannot be denied on privacy grounds in matrimonial disputes.
India is growing fast, but to keep growing strong, the government must make more things at home, create jobs, and spend money wisely, suggests Rajiv Memani, regional managing partner, Africa-India Region, EY.
This Budget positions India's taxation ideology as not merely a revenue source but as a strategic catalyst for growth, inclusion and long-term confidence.
Sources in the Election Commission (EC) rejected claims on Saturday of rigging in last year's Maharashtra Assembly polls and said defaming the poll panel after receiving an unfavourable verdict from the voters is absolutely absurd.
'We want to clear these pending refunds so that no issues arise once the new I-T Act takes effect.'
The GST Council has set up a Group of Ministers, chaired by Haryana Deputy Chief Minister Dushyant Chautala, to suggest required changes in the law for setting up the GST Appellate Tribunal (GSTAT). The GST Council, chaired by Finance Minister Nirmala Sitharaman and comprising state ministers, had last week decided to constitute a Group of Ministers (GoM) to address various concerns raised by states in relation to constitution of the GSTAT. As per the Terms of Reference (ToR) of the GoM, the panel would recommend required amendments in the GST law to ensure that the legal provisions maintain the right federal balance and are in line with the overall objective of uniform taxation within the country.
Mankind Pharma Ltd on Wednesday said it has been imposed a GST related penalty of over Rs 2 crore by tax authority in Kolkata over alleged mismatch in figures for the period of FY18 to FY22. The company has received an order on January 14, 2025 from Office of the Commissioner of Kolkata South CGST & CX -- issued by Additional Commissioner, Mankind Pharma said in a regulatory filing.
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 court is hearing appeals against a CCI order imposing a penalty on Meta and WhatsApp.
InterGlobe Aviation, the operator of IndiGo, has approached the Delhi high court seeking a refund of over Rs 900 crore it claims to have paid as Customs duty on aircraft engines and parts re-imported into India after overseas repairs. The petition came up for hearing on Friday before a bench of Justices Prathiba M Singh and Shail Jain.
'Vigilance' is a dreaded term for PSB employees and there are instances where this fear is misused by the higher authorities to tame their subordinate officials. This fear always deters PSB executives from making decisions -- the fewer the decisions, the less the chance of falling into trouble, points out Tamal Bandyopadhyay.
The National Company Law Appellate Tribunal (NCLAT) on Thursday stayed the five-year ban imposed by competition watchdog CCI on data-sharing practices between WhatsApp and Meta for advertising purposes, offering a breather to the tech giant. Meta welcomed the "NCLAT's decision to grant a partial stay on the Competition Commission of India's (CCI) order" and said it will evaluate next steps.
A Delhi court has set aside an order asking four journalists to take down alleged defamatory content against Adani Enterprises Limited (AEL), saying the effect of removal of the articles by an ad interim ex parte order was 'sweeping' and it had the 'effect of decreeing the suit itself without a trial'.
As the government moves to revamp India's securities legislation, unifying three different laws into the Securities Markets Code (SMC), regulatory experts and market insiders have raised concerns on potential funding challenges for the stock market regulator.
It also aims to reduce the powers of the Supreme Court, with some authorities shifted to the proposed Constitutional Court, and immunity to the president from criminal proceedings for life.
The Supreme Court intervened to ensure a tragedy-struck widow received compensation from the Railways after a 20-year legal battle following her husband's death in a train accident.
The fate of properties worth Rs 15,000 crore inherited by actor Saif Ali Khan and his family from Bhopal's erstwhile rulers hangs in the balance due to uncertainty over filing an appeal against an order of the Office of the Custodian of Enemy Property. If an appeal is not filed by the Bhopal Nawab's successors, the properties could fall under the Centre's control, lawyers have said. The matter stems from a 2015 ruling that declared the Bhopal Nawab's property "Enemy Property" due to the eldest daughter, Abida Sultan Begum, migrating to Pakistan after the Partition. However, a 1962 order recognized Sajida Sultan Begum, the second daughter, as the sole successor to the properties after the death of Nawab Hamidullah Khan. The dispute is currently with the Mumbai-based Office of the Custodian of Enemy Property, following a Madhya Pradesh High Court order that directed the filing of a representation within 30 days. The high court's order also raised the issue of limitation as the appeal was filed after a significant period. The properties include Noor-Us-Sabah Palace, Dar-Us-Salam, Bungalow of Habibi, Ahmedabad Palace and Flag Staff House. The Enemy Property Act was passed in 1968 to regulate properties left behind in India by those who emigrated to Pakistan.
The cost of any flight from Delhi and Mumbai could rise by up to Rs 3,000 soon unless the airport regulator is able to reverse a court order.
'I am doing the drive in making sure that people pass this on. So the drive is not with distrust. The drive is just in case.' 'Just in case it doesn't get passed on, I am here.'
The Trinamool Congress (TMC) has accused the Election Commission of India (ECI) of a "scam" after the poll panel admitted to the existence of duplicate voter ID numbers. The ECI has said it will address the issue in the next three months. TMC leader Saket Gokhale alleged that the ECI is trying to "protect" someone and demanded answers about the extent of the duplication and why it took 25 years to address the problem.
Online food delivery aggregator Zomato on Wednesday said it has received a GST demand order along with interest and penalty amounting to Rs 17.7 crore from the Assistant Commissioner of Revenue, West Bengal. The demand order, received by the company on Tuesday, is with respect to non- payment of GST on delivery charges and interest, penalty thereon.
HDFC Life Insurance Company on Thursday said it has received GST demand orders of over Rs 27 crore for alleged short payment of taxes. In two separate regulatory filings, the insurer said it has received tax demand orders of over Rs 16.5 crore and Rs 10.5 crore from authorities for alleged short payment of GST and input tax credit claim mismatch.
