Future Retail's independent directors had last week asked Amazon if it was willing to give a long-term loan to avoid default on repayment of Rs 3,500 crore loan due on January 29. Amazon replied to that saying it was willing to financially assist Future Retail through the Samara Capital deal but the retailer must shelve Rs 24,713 crore deal with the Reliance group.
The Committee will 'examine the assessment orders, appellate orders and scrutiny report for the appeal to the ITAT related to orders. . . and give its recommendations for different income groups, separately for corporate and non- corporate assesses", CBDT said.
Has death penalty in the statute served as a deterrent for heinous crime?
The high court had on May 12, nullified 2017 election of Chudasama on the ground of malpractice and manipulation and have also refused to stay of the operation of the order till the disposal of his appeal
The proposed rules, aimed at replacing RTI rules of 2012, have been placed by the department of personnel and training on its website for comments from public.
The total default is said to be in excess of Rs 3,000 crore - making this the largest default by a broker.
Total number of tax disputes in SC cross 10,000
The Singapore high court has put a freeze on deposits of $ 6.122 million following Enforcement Directorate's request on the ground that the money was "proceeds of crime" illegally siphoned off by Nirav Modi from the Punjab National Bank.
The mistrust between the authorities and service providers can end if the contentious issues are addressed as a package deal.
However, the Appellate Body declined to make any recommendations to the WTO's dispute settlement body what India should do in the light of its ruling. The government has already removed the additional duty on wines and spirits last year. Similarly, it exempted various products from the extra duty, making the case redundant.
The court said the theory was based on the hypothesis that the Noida Police would not be able to find the body on the terrace on May 16, 2008 when Aarushi was found dead in her room.
The court ordered a probe into the role of Kerala police officers involved in arrest of Nambi Narayanan.
Voters have a fundamental right to know the academic qualification of a candidate and any false declaration on this count can warrant rejection of nomination papers, the Supreme Court has held.
The four, who are in jail since their arrest in 2013, had approached the high court in 2016 after a special court rejected their bail pleas in June that year.
The Supreme Court has issued notices to 23 states and three UTs on a petition by Tata Motors seeking quashing of the Central Sales Tax Appellate Authority's decision asking it to pay Central Sales Tax to the tune of around Rs 14 crore (Rs 1 40 million) on sale of bus chassis to the Andhra Pradesh government.
Under the Vivad se Vishwas scheme, the MNCs will have to bring in disputed amount to India, else, the entire money will be considered as loan from subsidiaries on which interest will have to be paid.
The Competition Appellate Tribunal (Compat) had on December 7 last year ordered fair trade watchdog CCI to probe afresh the alleged abuse of dominance by the popular tax-hailing app operator.
The government has sent show-cause notices to 5 telecom firms including Reliance Communications and Tata Teleservices for alleged understatement of revenues of over Rs 10,000 crore.
The Vivaad se Vishwas Tak scheme will be one area where some much-needed revenue can be collected by the government. The scheme can be more successful if some specific steps are taken, says investment advisor Harsh Roongta. This results in a very high tax demand. Investment advisor Harsh Roongta takes you through the maze of appeals and counter appeals.
The bench, which said that Sahara group must refund the amount by August 31 or face personal appearance, however, refrained from passing orders as the counsel for Roy pleaded that no such order be passed without hearing him and posted the case for hearing on July 24.
Pakistan's Supreme Court on Wednesday set aside the death sentences given by a military court to two men who were convicted of involvement in a suicide attack on former president Pervez Musharraf in 2003.
In a first of its kind verdict, the Supreme Court has declared as "illegal" rejection of mercy petition of death row convict M N Das by the then President Pratibha Patil and commuted the sentence to life imprisonment on ground of 12 year delay in deciding his plea.
The order is is contrary to the Central Information Commission's directive bringing six national parties under the transparency law.
A bench of Justices Hima Kohli and Subramonium Prasad said the government is expected to remain cognisant of the situation and evaluate it closely and if it is found that the rate of infection is going up, they can always review their decision and impose curbs, depending upon the situation.
The account turned bad before Chaudhari took over as SBI chairman and the asset was sold to AARC following an open bidding process, months after Chaudhari retired, explains Tamal Bandyopadhyay.
Palbinder Kaur Shergill, a sole practitioner with Shergill & Company, has extensive trial and appellate experience and has appeared before courts and tribunals across Canada, including the Supreme Court of Canada.
The apex court said Ambani and the others will have to purge contempt by paying Rs 453 crore to Ericsson in four weeks. A bench comprising Justices R F Nariman and Vineet Saran said if the 'contemnors' failed to make the payments within the specified period, they will undergo a jail term of three months.
The Bombay high court has refused to grant a decree of divorce to a woman on the ground that her husband was suffering from schizophrenia and had beat her a couple of times after marriage.
The Securities and Exchange Board of India (Sebi) has directed Franklin Templeton MF to pay Rs 5 crore as penalty, return over Rs 450 crore collected as 22-month investment management and advisory fees, and imposed a two-year ban on launching new debt schemes for alleged irregularities in running six of its debt schemes that were shuttered last year.
Supreme Court had asked the government to issue RCom a NoC for spectrum sale to Reliance Jio Infocomm by December 9 if it furnishes a corporate guarantee of Rs 1,400 crore
The retired judge appointed to head the three-member appellate tribunal, which will hear Shoaib Akhtar's appeal against his five-year ban, on Tuesday said the pacer would be given a fair hearing. Aftab Farukh, a former Judge of the Lahore High Court, said he is aware of the importance of the case but asserted that the tribunal would not be influenced by anybody and would only go by the evidence presented before it.
The lawyers said the mediation panel's report was leaked to the media and they do not approve the procedures adopted in the process and the suggested compromise formula of withdrawal of the lawsuit.
He was informed by the PWD authorities that case of religious structure has been thoroughly debated and Religious Committee has recommended to remove it.
The Court also took note of the fact that when the prosecution told the sessions court during examination of all its witnesses that Kamaal Khan could not be traced, Salman did not take any step at that stage.
Telecom companies with cases pending before the Telecom Dispute Settlement and Appellate Tribunal or those hoping to file new ones would be advised to hurry.
In a major setback to unaided private schools, the Delhi high court on Monday refused to stay new nursery admission guidelines, saying any interference will prove "detrimental" to the interests of children and ordered Delhi government to immediately notify new dates of admission.
The appellate division of the Supreme Court adjourned for two weeks the hearing on two appeals filed against a high court judgement that upheld a Bangladesh Bank order removing Yunus from the office of managing director of Grameen Bank.
Jailed former Bharatiya Janata Party president Bangaru Laxman was on Thursday granted bail by the Delhi high court in a case against him for taking bribe in a fictitious defence deal.
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.
The venue of the battle by Swiss multinational Novartis AG against the rejection of its patent application for blockbuster cancer drug Gleevac will now shift to the Patent Appellate Board's office.
