In a case related to Mumbai-based Jai Trust versus Union government, the court ruled that a gift is a consideration-less transaction, and hence, not liable for capital gains tax. It quashes the reassessment notice issued by the tax authorities alleging that a specific income has escaped assessment on transfer of shares as gift by the trust.
The Bombay high court on Monday directed the Mumbai civic body to clarify how it has issued a public notice seeking to cut 177 trees at the Aarey Colony area for a Metro car shed project when the Supreme Court in 2022 permitted felling of only 84 trees.
"White-collar" crimes like this harm the country's economy and it can not ignore the statement of dismissed police officer and accused-turned-approver Sachin Waze in the case, the court said.
The specter of how the Munambam issue was exploited during the November by-elections is proof of the price Kerala is paying for its emergent politics. Controversies become the stuff of slow-burn and brinkmanship. The former promises mileage; the latter searches for an advantage, notes Shyam G Menon.
'Tennis is a sport where you may enjoy watching more than playing. But pickleball flips that -- once you get the bug, you want to play more than watch.'
The Shiv Sena (UBT) of Uddhav Thackeray has denounced in the Supreme Court the "highly improper" meeting between Maharashtra Chief Minister Eknath Shinde and state legislative assembly speaker Rahul Narwekar, barely three days before the deadline set by the apex court for the latter to decide cross-petitions filed by rival Sena factions seeking disqualification of several of each other's MLAs.
The Supreme Court on Friday refused to entertain a plea of self-styled godman Asaram, serving life term in a rape case, for suspension of the sentence because of his deteriorating health condition.
Special court judge RN Rokade on Tuesday allowed Malik's application seeking permission to undergo the scan.
The prosecution has proved the entire chain that connected the accused with each other for achieving the goal of executing the bomb blast and perform terrorist acts, the written statement, filed by the intervenor for the victims, said.
'We are happy that the money has come to us immediately after it was announced.' 'For once, the government did what it promised.'
The Central Bureau of Investigation (CBI) on Wednesday told a special court here that it received a sanction from the ICICI Bank's board to prosecute Chanda Kochhar, the former CEO and MD of the bank, in connection with a case of alleged cheating and irregularities in loans sanctioned by the bank to Videocon Group companies. The probe agency, represented by special public prosecutor A Limosin, told the court that the board of ICICI Bank in a resolution passed on April 22 this year gave its sanction to the prosecution (against Kochhar), accepting that there seemed to be quid pro-quo.
Senior advocate Nitya Ramakrishnan, appearing for Navlakha, contested the figure of Rs 1.64 crore saying the agency's calculation of the amount payable was wrong and contrary to the relevant rules.
A special court in Mumbai on Friday granted bail to dismissed police officer Sachin Waze in an alleged money laundering case linked to former Maharashtra minister Anil Deshmukh.
The Board Of Control For Cricket In India on Saturday denied media reports that Deccan Chargers franchise has got a stay order against its termination from the Indian Premier League, saying that the matter would come up in the Mumbai High Court on Monday.
The government authorities must not lose sight of the fact that the issue at hand was one that concerned the citizens and used public money, the bench said.
Out of 3,871 recovery certificates issued by the regulator in various cases, 807 have been certified as difficult to recover.
The Supreme Court on Tuesday questioned the CBI over not objecting to repeated extension of the two-week interim bail granted in January this year to former ICICI Bank CEO-cum-MD Chanda Kochhar and her businessman husband Deepak Kochhar in a loan fraud case. A bench of Justices Aniruddha Bose and Bela M Trivedi asked Additional Solicitor General SV Raju, appearing for the CBI, as to why the probe agency did not resist repeated extension of interim bail granted to them by the Bombay high court on January 9. "This order is of January 9 and interim bail was granted for only two weeks. Why have you not resisted? Why are you permitting it to continue for such a long period?
Prima facie there was a nexus between human rights activist Gautam Navlakha, an accused in the Elgar Parishad-Maoist links case, and Syed Ghulam Nabi Fai, an agent of Pakistan's spy agency ISI convicted in the United States for terror funding, a special NIA court has said in its order denying bail to the campaigner.
The Mumbai police probing the Baba Siddique murder case have found that the five newly-arrested accused had demanded Rs 50 lakh for the killing, but backed out later due to disagreement over payment and also considering the Nationalist Congress Party leader's clout, officials said.
The security at the Mumbai's Chhatrapati Shivaji airport and across Guajrat has been tightened in view of an alert sent by central agencies, reports Vicky Nanjappa.
Former Narcotics Control Bureau (NCB) zonal director Sameer Wankhede on Friday moved a petition before the Bombay high court seeking quashing of a first information report (FIR) filed against him by the Central Bureau of Investigation (CBI) for allegedly demanding Rs 25 crore bribe from superstar Shah Rukh Khan for not implicating his son Aryan Khan in the Cordelia cruise drug bust case.
The case pertains to an alleged scam in the Sahakari Sakhar Kharkhana (co-operative sugar factories) and Sahakari Soot Girnis.
These are the first arrests made by the CBI since it took over the probe into the March 21 killings in Bogtui village following the Calcutta high court's order.
Pronouncing the sentence, Judge V S Tripathi observed that the case fell in the rarest of rare category and as such the convicts were entitled to the severest punishment.
Bombay High Court Justice Rohit Deo on Friday said he has resigned.
The Thackerays sought dismissal of the PIL on the ground that it was filed on assumptions and without any factual foundation.
A bench of Justices Vikram Nath and Rajesh Bindal admitted the appeal filed against the Bombay high court order for hearing in 2025 and asked the counsel for the husband and his estranged wife to complete their pleadings by then.
On March 1, 2002, two days after the Godhra carnage, a mob attacked Best Bakery in Vadodara, looting and burning it down and killing 14 people. The mob targeted the Muslims inside, including the Shaikh family that ran the bakery.
'If you want to have fair elections you should have an officer, who is appointed as per the rules laid down for such appointments, which is based on seniority.'
The US is currently Earth's most powerful country and a certain latitude of understanding -- a world view -- is popularly expected from its leadership. From a country identified with freedom, constitution, debate, democracy and the likes of Abraham Lincoln even as it had the most powerful military around, the US, following Trump's actions, seemed repositioned as militarily powerful with other qualities secondary, observes Shyam G Menon.
Police scoured places of worship in Madhya Pradesh's Ujjain and Khandwa in their hunt for the third shooter wanted for Nationalist Congress Party leader Baba Siddique's killing.
The ATS official was cross-examined by Thakur's lawyer during the day's proceedings.
The Supreme Court on Tuesday listed for the second week of July a plea by jailed former Maharashtra minister and Nationalists Congress Party leader Nawab Malik against a Bombay high court order putting off the hearing on his bail plea in a money laundering case lodged by the Enforcement Directorate.
The Supreme Court on Wednesday asked a special court in Ghaziabad, which has summoned journalist Rana Ayyub in a money laundering case lodged by the Enforcement Directorate (ED), to adjourn the proceedings scheduled for January 27 to a date after January 31.
'Any earnings, regardless of location, will be subject to Indian income tax.'
The HC had granted bail to Aryan Khan, 25 days after he was arrested during a drug raid on a cruise ship off the Mumbai coast.
An FIR was registered against Ranaut at Khar police station last month following a complaint by a Sikh organisation.
With all the evasions, one assertion made by the Pune (Rural) police stood out: They had found no connection of the Elgar Parishad with the violent incidents of January 1, 2018. Yet, the case against the 'Bhima Koregaon 16', which is based on exactly this alleged connection, continues, and seven of the accused continue to be behind bars under the UAPA, explains Jyoti Punwani.
Anwar Ali, his current side East Bengal, and parent club Delhi FC on Thursday moved the Delhi High Court and sought a stay on the suspension imposed on the player.
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.
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