A bench headed by Justice S H Kapadia asked the company to challenge the ruling before an appropriate high court. The apex court also stayed both the AAR order and the assessment till the company moves a high court. On May 9, the AAR said that income of Foster's Australia Ltd from the transfer of its right, title and interest in trademarks and Foster's brand intellectual property is taxable in India.
The Supreme Court on Wednesday dismissed an application challenging the order of Uttar Pradesh Governor T V Rajeshwar refusing sanction for the prosecution of state Chief Minister Mayawati in the Taj Corridor case. A bench comprising Justice S B Sinha, Justice S H Kapadia and Justice D K Jain dismissed the application filed by amicus curiae Krishan Mahajan, challenging the order of the governor.
Supreme Court has ruled that interest paid on loans for capital assets are subject to IT deductions, even if the assets were not put to use.
The court also wanted to know about the nodal agency that would be entrusted the job of overseeing the dismantling of the Blue Lady, which has already been breached.
Bajaj Auto had accused TVS Motor of infringing its patent on DTS-i -- acronym for Digital Twin Spark Plug ignition -- in TVS Flame. TVS, in its latest 125 cc motorcycle Flame, uses CCVTi technology which Bajaj claims to be a copy of its DTS-i technology. The Pune-based two-wheeler maker uses DTS-i technology in various products including the Pulsar series of bikes.
The Supreme Court will decide on Wednesday the fate of the government's decision of providing 27.5 per cent reservation to OBCs seeking admission to educational institutions from the academic session 2007-2008.
The apex court has already issued notices on the petition challenging the order issued by Union Human Resource Development Minister Arjun Singh and the government in its counter has justified caste-based reservation.
Arbitrage schemes can give investors better post-tax returns than debt funds.
Dismissing the appeals of a large number of companies that opposed the new policy, the bench headed by Justice SH Kapadia said AS 22 sought to arrive at the true accounting income. "In the age of globalisation, the attempt is to reconcile the accounts of the Indian companies with their joint venture partners abroad," the 220-page judgment said, and added: "The aim is to harmonise Indian accounting standards with international standards."
'Tanhaji has so much fun recreating a bygone legend and fictionalising history, authenticity and spellings, it gets infectious,' feels Sukanya Verma.
Agneepath, Hum and Khuda Gawah are a testament to the Bachchan-Mukul Anand actor-director chemistry. Of the three, Hum is a natural crowd-pleaser, says Sukanya Verma.
The chief minister is facing allegations of amassing assets beyond her known sources of income. She is reported to have made over Rs 100 crores in the Taj corridor scandal.
A Bench headed by Justice S H Kapadia, while setting aside the high court order, directed Reliance Energy to submit its financial bid for the project within three months.
As often is the case on celluloid, romanticising death is as significant as making every moment count where a young life's passing makes the realisation all the more heartbreaking and momentous.
A look at the film folk who attended the Zee Classic Timeless Asha concert.
The Supreme Court on Thursday reserved its judgement on an appeal by Anil Ambani firm Reliance Airport Developers challenging the Delhi high court verdict, which upheld the government's decision to allot modernisation of Delhi and Mumbai airports.
Alia Bhatt and Sidharth Malhotra's Kar Gayi Chull is the latest song to praise Bollywood's heroines.
The court also wanted to know from the government as to what safety measures it proposed to take for protecting the workers who have to discharge the function of ship breaking.
'Rishi Kapoor was a complete original.' 'He dazzled the screen and stayed a livewire off it as well,' remembers Sukanya Verma.
She has worked with Bollywood stars such as Zeenat Aman, Hema Malini, Dimple Kapadia, Madhuri Dixit and Shilpa Shetty among many others. Hairstylist Nalini Naegamvala shares career tips.
Sukanya Verma salutes the late actor's spectacular cinematic legacy.
Irrfan Khan talks about his role in The Namesake.
'Other designers take empty suitcases and go shopping for the actors's clothes in New York.' 'To me, this is bankruptcy of imagination.'
We celebrate Bhattsaab and his greatest gems.
MCD Counsel mentioned the matter this morning before the court seeking urgent hearing of the application. The court decided to hear the same on February 12.
A recap of moments captured in India in the past 24 hours.
'Alok Nath cannot leave the country and he cannot be seen anywhere around the periphery of where I live,' says Vinta Nanda.
Expectations of strong results, consistent performance and investors preference for stocks in the defensive space help the sector outshine broader markets.
SC constitutes committee for streamlining students union polls
Supreme Court on Tuesday dismissed the appeal of Reliance Airport Developers challenging the government's decision to allot modernisation works of Delhi and Mumbai Airports to GMR and GVK led consortia.
The Supreme Court said the President and governors have to keep in mind the effect of such pardon on the family of the victim.
Bombay high court began hearing arguments on Thursday on whether it has the jurisdiction to adjudicate on a dispute between Jet Airways and Lucknow-based Air Sahara over a collapsed takeover deal.
The Uttar Pradesh government had also taken the stand that Agra lacks the criteria. The court wanted to know whether it was not possible to cover part of the city to declare it as a heritage city.
An outcome of the petitions may have wider repercussions for many political leaders including Prime Minister Manmohan Singh especially if the petitioners succeed.
The Supreme Court Tuesday directed the Centre and the state governments to make registration of marriage compulsory within three months.
Meanwhile, the Court said its earlier order restraining the ship from entering India's Exclusive Economic Zone continues.
The unforgettable moment from Ram Teri Ganga Maili.
