News for 'Tribunal'

5-term PM Sheikh Hasina's dramatic fall!

5-term PM Sheikh Hasina's dramatic fall!

Rediff.com5 Aug 2024

Sheikh Hasina, who was elected for a record fourth consecutive term and fifth overall term this year, was always admired by her supporters as "Iron Lady", before the dramatic development that abruptly ended her 15-year-rule in Bangladesh.

'Not for a particular community': SC on bulldozer action

'Not for a particular community': SC on bulldozer action

Rediff.com1 Oct 2024

The Supreme Court on Tuesday said it will lay down guidelines for all citizens and not for any particular community on the issue of demolition of properties.

Don't divide history, Rani Lakshmi Bai a national hero: HC raps Shahi Idgah

Don't divide history, Rani Lakshmi Bai a national hero: HC raps Shahi Idgah

Rediff.com25 Sep 2024

Maharani Lakshmi Bai of Jhansi is a "national hero" and history should not be divided on "communal politics", the Delhi high court said on Wednesday while pulling up the Shahi Idgah managing committee for making "scandalous pleadings" in its plea against installation of her statue inside the Shahi Idgah Park at Sadar Bazar in New Delhi.

Tribunal sets aside Sebi ban on PricewaterhouseCoopers

Tribunal sets aside Sebi ban on PricewaterhouseCoopers

Rediff.com9 Sep 2019

Setting aside the ban on PwC, which is one of the Big Four global accounting firms, SAT said only the national auditors watchdog ICAI (Institute of Chartered Accountants of India) can take any action against its members and fraud cannot be proved on the basis of negligence in auditing.

Sinner ready to crash Fritz's American party

Sinner ready to crash Fritz's American party

Rediff.com8 Sep 2024

Jannik Sinner will hope to block out a rocking home crowd on Sunday when he faces Taylor Fritz in the US Open final at Flushing Meadows, where the 12th seed will be bidding to become the first American man in 21 years to win a Grand Slam singles title.

'Always Treat China With Caution'

'Always Treat China With Caution'

Rediff.com7 Nov 2024

'Given China's past behaviour and their territorial claims, should we be sceptical regarding China's willingness to adhere to these agreements fully? The answer is yes.' 'As Ronald Reagan famously said in the context of the SALT talks, 'Trust, but verify!' India should also do the same.' 'This has already begun with foot patrolling, drones, satellite imagery and so on. India's military deployment did mirror China's and will continue to do so in the future.'

Sebi Can't Recover Rs 76,293 Cr Dues!

Sebi Can't Recover Rs 76,293 Cr Dues!

Rediff.com10 Aug 2024

Out of 3,871 recovery certificates issued by the regulator in various cases, 807 have been certified as difficult to recover.

Sitharaman urges banks to boost deposits

Sitharaman urges banks to boost deposits

Rediff.com19 Aug 2024

Finance Minister Nirmala Sitharman on Monday held a performance review meeting with heads of public sector banks and asked them to make concerted efforts to garner deposits. Deposits have been growing 300-400 basis points lower than the credit growth in the last few months, creating an asset-liability mismatch for banks. During deliberations on the deposit mobilisation, she said that while the credit growth has picked up, mobilisation of deposits could further be improved to fund the credit growth sustainably, and asked banks to make concerted efforts to garner deposits by conducting special drives.

Is IPL using up Bengaluru's water supply?

Is IPL using up Bengaluru's water supply?

Rediff.com5 Apr 2024

IPL matches in Bengaluru under NGT scanner

India's largest media empire is all set to be born!

India's largest media empire is all set to be born!

Rediff.com28 Aug 2024

Competition Commission of India on Wednesday said it has approved the merger of the media assets of Reliance Industries and Walt Disney Co to create the country's largest media empire. The deal, announced six months ago, has been cleared by the CCI with certain modifications proposed by the two parties.

Tribunal removes Maharashtra DGP

Tribunal removes Maharashtra DGP

Rediff.com8 Oct 2008

The state government will decide on the appointment of new DGP within a month.

Byju failed because he didn't listen to anyone: Unacademy CEO Gaurav Munjal

Byju failed because he didn't listen to anyone: Unacademy CEO Gaurav Munjal

Rediff.com29 Jun 2024

Byju Raveendran, the founder of the beleaguered ed-tech firm Byju's, put himself on a pedestal and stopped listening to anyone, said Gaurav Munjal, the chief executive officer of edtech firm Unacademy. Munjal highlighted the importance of 'blunt feedback'. In a post on X, he alleged that Byju's founder stopped listening and failed to have people who could give him the right feedback.

HC upholds order directing Cong to pay Rs 100 cr tax

HC upholds order directing Cong to pay Rs 100 cr tax

Rediff.com13 Mar 2024

The Delhi high court on Wednesday upheld an order of the Income Tax Appellate Tribunal (ITAT) refusing to stay a notice issued by the Income Tax department to the Congress party for recovery of outstanding tax of more than Rs 100 crore.

I-T Sleuths Chasing Rs 16.69 Trillion Tax Arrears

I-T Sleuths Chasing Rs 16.69 Trillion Tax Arrears

Rediff.com16 Aug 2024

As on April 1, income tax arrears have increased to Rs 43 trillion from Rs 24 trillion on April 1, 2023.

UN team to visit Bangladesh next week to probe killings of protesters

UN team to visit Bangladesh next week to probe killings of protesters

Rediff.com15 Aug 2024

This will be the first time the UN is sending a fact-finding mission to Bangladesh since its independence in 1971 to investigate widespread human rights abuses in the country, according to a UN official.

Franklin Templeton to move securities tribunal against Sebi order

Franklin Templeton to move securities tribunal against Sebi order

Rediff.com8 Jun 2021

Franklin Templeton Asset Management (India) on Tuesday said it strongly disagrees with the findings in Sebi's order in the case of winding of six debt schemes in 2020 and has decided to challenge the direction in Securities Appellate Tribunal (SAT).

Axed India coach Stimac blasts 'unethical' AIFF

Axed India coach Stimac blasts 'unethical' AIFF

Rediff.com18 Jun 2024

Pointing out the "several acts of contract breach" by the AIFF side in the past, Stimac charged AIFF chief Kalyan Chaubey with "changing my public statement given to AIFF media".

Make Tax Officials Accountable!

Make Tax Officials Accountable!

Rediff.com23 Aug 2024

'Tax officials view most taxpayers as evaders.' 'The I-T department has a perverse incentive to raise unreasonable demands since the one-fifth tax collected counts towards officials' collection targets,' observes Harsh Roongta.

Google Ireland gets tax relief on Rs 8.6K crore it got from India arm

Google Ireland gets tax relief on Rs 8.6K crore it got from India arm

Rediff.com28 Mar 2024

An income tax tribunal held that the amount received by Google Ireland from Google India towards marketing and distribution rights of the AdWords programme is not royalty, and hence, cannot be taxed at the hands of the assessee (Google Ireland). The ruling by the Bengaluru-based Income Tax Appellate Tribunal (ITAT) may have repercussions on similar transactions by multinationals, feel experts. Explaining the case, Amit Maheshwari, tax expert at AKM Global, said Google Ireland had received Rs 8,662.93 crore under the Google Reseller Agreements.

Tribunal rejects Mallya appeal

Tribunal rejects Mallya appeal

Rediff.com3 Sep 2003

Army dismisses Captain for killing 3 men in JK fake encounter

Army dismisses Captain for killing 3 men in JK fake encounter

Rediff.com14 Nov 2023

According to officials in the know of the development, the findings of a Court of Inquiry and his conviction and sentencing were confirmed by the higher Army authorities on November 11 as required under the law.

World No 1 Sinner fires trainer, physio amid doping row

World No 1 Sinner fires trainer, physio amid doping row

Rediff.com24 Aug 2024

'Now, because of these mistakes, I'm not feeling that confident to continue with them. I was struggling a lot in the last months. I was waiting for the result. The only thing I need right now is some clean air.'

Golden Slam in the bag, Djokovic eyes record 25th Major at US Open

Golden Slam in the bag, Djokovic eyes record 25th Major at US Open

Rediff.com24 Aug 2024

Daniil Medvedev, the 2021 champion, will need to shake off a run of poor form if he is to mount a challenge.

Bangladesh ex-foreign minister on way to India detained at Dhaka airport

Bangladesh ex-foreign minister on way to India detained at Dhaka airport

Rediff.com6 Aug 2024

Mahmud went to Dhaka's Hazrat Shahjalal International Airport to "catch a flight en route to Delhi," an Airport Aviation Security official was quoted as saying by the Dhaka Tribune newspaper.

What Sitharaman's 7th Budget has in store for us

What Sitharaman's 7th Budget has in store for us

Rediff.com23 Jul 2024

Highlights of the Union Budget 2024-25 presented by Finance Minister Nirmala Sitharaman in Lok Sabha on Tuesday.

How babus yearn to wear the judicial hat in tribunals

How babus yearn to wear the judicial hat in tribunals

Rediff.com7 Jun 2018

'Experience of administration may make a member of civil service a good administrator but not necessarily an able and impartial adjudicator,' observes the Supreme Court.

Dark-fibre case: Sebi penalty against NSE quashed

Dark-fibre case: Sebi penalty against NSE quashed

Rediff.com14 Dec 2023

The Securities Appellate Tribunal (SAT) on Thursday quashed the markets regulator Sebi's order imposing a fine of Rs 7 crore on the National Stock Exchange (NSE) in the dark-fibre case. Additionally, the tribunal has set aside a fine of Rs 5 crore levied by Sebi on the exchange's former official Anand Subramanian. Further, it has partly set aside the regulator's order against former MD and CEO of NSE Chitra Ramkrishna, ex-official Ravi Varanasi and a few stock brokers, among others.

SC terms single judge order in Maran arbitral award row 'atrocious'

SC terms single judge order in Maran arbitral award row 'atrocious'

Rediff.com26 Jul 2024

The Supreme Court on Friday got irked over a lengthy judgement penned by a single judge bench of the Delhi high court in a case related to an arbitral award involving media baron Kalanithi Maran and SpiceJet, saying there was no "application of mind". Suggesting that the case be now transferred to another judge by the Delhi HC, the top court said the judgement "has to be carefully articulated" and "the judge must apply mind to grounds of challenge and then deduce if interference is warranted". The strong observations against the single judge bench came from a bench headed by Chief Justice D Y Chandrachud during the hearing of an appeal by Kalanithi Maran and Kal Airways against a Delhi high court order setting aside an arbitral award asking the SpiceJet to refund Rs 579 crore plus interest to the media baron and his firm.

Hindujas' RCap purchase hangs fire as deadline looms with payment on hold

Hindujas' RCap purchase hangs fire as deadline looms with payment on hold

Rediff.com1 Aug 2024

Mauritius-based Hinduja group firm IndusInd International Holdings (IIHL) has informed the administrator of Reliance Capital that it is ready with its equity contribution of Rs 2,750 crore in cash to acquire the bankrupt firm, but it wants certain conditions to be met in accordance with the resolution plan before transferring the amount. IIHL has also filed an application with the Mumbai Bench of the National Company Law Tribunal (NCLT), seeking directions for the administrator and the committee of creditors (CoC) to complete all pending activities to close the transaction and not let the lenders invoke the bank guarantees provided by the firm earlier.

Amshipora fake encounter: Captain's life term suspended, gets conditional bail

Amshipora fake encounter: Captain's life term suspended, gets conditional bail

Rediff.com13 Nov 2023

The tribunal also granted conditional bail to Captain Bhoopendra Singh and directed him to appear before its principal registrar at a regular interval starting from January next year.

Zee-Sony merger: India's largest media company is all set to be born

Zee-Sony merger: India's largest media company is all set to be born

Rediff.com15 Dec 2023

The National Company Law Appellate Tribunal on Friday issued notices to Zee Entertainment Enterprise Ltd (ZEEL) over the petitions filed by IDBI Bank and AXIS Finance against an NCLT order that approved the media company's merger with Culver Max Entertainment. However, a two-member NCLAT bench comprising chairman Justice Ashok Bhushan and Member Arun Baroka declined to grant any stay over the merger process during the pendency of the hearing. The appellate tribunal (NCLAT) has directed to list both petitions on January 8 for hearing, directing Zee Entertainment Enterprise Ltd to file a reply.

Olympic pole vault champion Braz banned for doping

Olympic pole vault champion Braz banned for doping

Rediff.com29 May 2024

The 30-year-old, who won Olympic gold at the Rio Olympics in 2016, will miss this year's Olympic Games in Paris.

Tribunal suspends ban on Shoaib

Tribunal suspends ban on Shoaib

Rediff.com4 May 2008

Beleaguered speedster Shoaib Akhtar heaved a huge sigh of relief as the appellate tribunal of the Pakistan Cricket Board on Sunday decided to suspend the five-year ban on him for a month to allow him to play in the Indian Premier League (IPL).

ITC Hotels demerger gets shareholders nod

ITC Hotels demerger gets shareholders nod

Rediff.com6 Jun 2024

Diversified entity ITC on Thursday said it has received shareholders' approval to demerge ITC Hotels into a separate entity. Shareholders of ITC, in a virtual meeting held on Thursday through video conferencing/other audio-visual means, approved the resolution for the scheme of arrangement between ITC Ltd and ITC Hotels Ltd, the Kolkata-headquartered firm said in a regulatory filing. The proposal "has been approved and passed by the requisite majority of the Members, pursuant to Section 230(6) of the Companies Act, 2013", it added.

Pak election tribunal rejects Musharraf's appeal

Pak election tribunal rejects Musharraf's appeal

Rediff.com15 Apr 2013

A Pakistani election tribunal on Monday rejected former president Pervez Musharraf's appeal against the rejection of his nomination papers for a parliamentary constituency in the southern port city of Karachi.

Foreign cos get GST relief on loans to Indian arms

Foreign cos get GST relief on loans to Indian arms

Rediff.com28 Jun 2024

In a relief for foreign firms giving loans to Indian subsidiaries, tax authorities have said goods and services tax (GST) will not be imposed on them, subject to some caveats. Additional fees, commissions, or related payments - over and above the amount charged as interest - on these loans will attract GST at 18 per cent, the Central Board of Indirect Taxes and Customs (CBIC) has said.

NCLT notice questions Byju's grade over BCCI petition

NCLT notice questions Byju's grade over BCCI petition

Rediff.com4 Dec 2023

Byju's first came on board with the BCCI back in 2019 when mobile manufacturer Oppo transferred the sponsorship rights to the online tutorial firm.

French tribunal blocks Roland Garros extension

French tribunal blocks Roland Garros extension

Rediff.com1 Mar 2013

The extension of the French Open's Roland Garros stadium, which has been championed by Paris mayor Bertrand Delanoe, was stopped by an administrative tribunal on Friday.

Sarabjit probe: Tribunal records statements of witnesses

Sarabjit probe: Tribunal records statements of witnesses

Rediff.com11 Jun 2013

A Pakistani inquiry tribunal probing the murder of Indian national Sarabjit Singh has recorded the statements of 10 witnesses. The one-man inquiry tribunal of Justice Syed Mazahar Ali Akbar Naqvi of the Lahore high court is holding proceedings every day and has recorded the statements of 10 witnesses, said an official statement issued on Tuesday.

The major decisions taken by the GST Council

The major decisions taken by the GST Council

Rediff.com22 Jun 2024

In order to reduce government litigations, the Union Finance Minister Nirmala Sitharaman on Saturday said the GST Council has fixed a monetary limit for filing appeals by the tax department before the various appellate authorities. It has recommended a monetary limit of Rs 20 lakh for GST Appellate Tribunal, Rs 1 crore for the High Court and Rs 2 crore for the Supreme Court for filing of appeals by the department before these legal forums, she said after the 53rd GST Council meeting held in New Delhi.