After falling 11 per cent over the past six months, shares of Bharti Airtel gained over three per cent on news that the Telecom Disputes Settlement and Appellate Tribunal (TDSAT) had given a split verdict on inter-circle 3G roaming arrangements between Bharti, Idea and Vodafone.
The top court drew parallel between driving and technology and said if one doesn't know how to handle technology then he or she can't be a judge and questioned the approach of some of the high courts.
The affidavit was filed following a direction from the tribunal last Thursday.
The Telecom Dispute Settlement and Appellate Tribunal on Friday, by a majority judgement of 2:1, dismissed the petition filed by cellular operators challenging government's decision.
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 major setback to the leading telecom giant, telecom tribunal TDSAT on Wednesday dismissed Bharti's petition for refund of Rs 135 crore (Rs 1.35 billion) paid by it as licence fees for entry into basic services prior to the new uniform licencing
The Supreme Court on Friday stayed a telecom dispute tribunal's order directing the government to give to cellular phone service providers copies of files pertaining to its decision allowing WLL operations.
In January, Sebi had barred Mallya and six former officials of USL from securities markets in a case related to illegal fund diversions.
Telecom tribunal on Monday fixed April 2 as the date for hearing of petitions by Association of Basic Telecom Operators, Cellular Operators Association of India, Data Access and Bharti Telesonic against telecom regulator's IUC regime.
All India Jet Airways' Officers and Staff Association on Thursday said it has filed an appeal before the NCLAT against Jalan-Kalrock consortium's resolution plan for the airline. In October 2020, the airline's Committee of Creditors (CoC) approved the resolution plan submitted by the consortium of the UK's Kalrock Capital and the UAE-based entrepreneur Murari Lal Jalan. The plan was later cleared by the Mumbai bench of the National Company Law Tribunal (NCLT).
Qualcomm had received its internet service provider licence last month, after a delay of 18 months, with a validity period of 20 years after a Telecom Disputes Settlement and Appellate Tribunal direction to DoT.
Finance Minister Nirmala Sitharaman on Monday reduced the time limit for reopening of income tax assessment cases to three years from six years, while for serious tax fraud cases where concealment of income is Rs 50 lakh or more it would be 10 years.
The National Company Law Tribunal has directed to start insolvency proceedings against OYO Hotels and Homes Pvt Ltd on March 30, according to a public announcement by the interim resolution professional.
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.
Market regulator Sebi had imposed a penalty of Rs 50 lakh (Rs 5 million) on V K Kaul -- who was a non-executive independent director of Ranbaxy Laboratories between January 2007 and December 2008 -- and a fine of Rs 10 lakh (Rs 1 million) on his wife Bala Kaul.
A recent ruling by Income Tax Appellate Tribunal (ITAT) in the case of Chandrakant Shah stated that if you borrow interest-free money from friends and colleagues neither you nor the lender will have to pay tax.
In a judgement that will bring relief to power deficit states, the Appellate Tribunal for Electricity has disallowed power surplus states like Orissa from charging a premium on exported power.
Telecom Dispute Settlement and Appellate Tribunal on Wednesday sought the views of cellular operators regarding the alleged loss to their revenues on account of limited mobility services.
In a relief to two-wheeler major Hero Honda Motors, a tax tribunal has ruled in favour of the company in a case filed by the Excise department for alleged duty evasion to the tune of Rs 2 crore (Rs 20 million).
The Supreme Court on Tuesday set aside a telecom tribunal order upholding the governments decision to allow basic telephone operators to provide limited mobility on wireless in local loop.
When Sahara sought SAT's intervention against Sebi's orders, the tribunal said they will not.
After the preliminary examination, the market regulator found that certain entities, including Indiabulls, had executed irregular and non-genuine trades.
The Securities Appellate Tribunal (SAT) on Friday banned Shankar Sharma, director and chief global strategist of broking firm First Global from trading in bourses for one year.
In insolvency proceedings, Ericsson will be treated as only an operational creditor and may end up losing the Rs 550 crore
The CBI on Tuesday pleaded for the withdrawal of proceedings against Italian businessman Ottavio Quattrocchi in the over two-decade-old Bofors pay off case, saying it has got no fresh instructions from the government in the wake of the Income Tax Appellate Tribunal order.The ITAT order, which had on Monday said that kickbacks of Rs 41 crore were paid to late Win Chaddha and Quattrocchi in the Howitzer gun deal, was placed before the court.
The Bombay high court has admitted an appeal filed by the Income Tax authorities, challenging relief granted to Bollywood star Aishwarya Rai Bachchan by the Income Tax Appellate Tribunal.
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.
What must be worrying the mandarins in the North Block is that the reply of the finance ministry completely contradicts the decision of the SAT in the Goldman Sachs case. Surely we are in for interesting political times.
State-run MTNL will approach the telecom tribunal TDSAT against the TRAI order that brings new access deficit charge regime from February 1, within two days .
Barely a fortnight after the freeze on its bank accounts was lifted, the airline filed an appeal against the department in the Income Tax Appellate Tribunal at Bangalore, disputing the Rs 370-crore (Rs 3.7 billion) tax demand levied on it for 2010-13.
In a partial reprieve to Manmohan Shetty, former chairman of media company Adlabs Films, the Securities Appellate Tribunal (SAT) on Friday lowered the penalty amount to Rs 25 lakh from Rs 1 crore for alleged violation of regulatory norms.
EPFO had approached the finance ministry for help, which advised it to go through the legal procedure.
'We are talking about boosters these days. Booster vaccines, boosters for the economy. We read somewhere that the current budget is a booster for the nation's economy. But where is booster for the judiciary?' the high court asked.
The ITAT is mulling e-courts, or simply hearing of cases through webcast, to clear the backlog of cases in smaller towns.
A senior European Union representative said here on Tuesday that the body would soon change its Customs laws to address the issue of seizures of Indian generic drug shipments while en route for export to other countries.
Hours after the Censor Board chairperson Leela Samson leveled charges that the government was interfering in the functioning of the body, the government has come forward and refuted Samson's charges, asserting that it has always maintained a distance from the certification process.
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