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.
Turning down the court's suggestion to appoint a lawyer on his behalf, separatist leader Yasin Malik on Friday told the Delhi high court he wished to argue in-person against a National Investigation Agency plea seeking death penalty for him in a terror funding case.
The Delhi high court on Tuesday dismissed a public interest litigation over the alleged molestation of a boy by the Dalai Lama, as claimed to have been shown in a video clip that went viral last year, saying the religious leader was "being playful" and has already apologised for the incident.
Stocks of Indian steel companies are reeling from pricing pressure that is partly blamed on cheap imports. The stocks have declined up to 9 per cent on the NSE in one month, likely allowing investors an opportunity to use the correction to enter the pack as pricing pressure eases. "In steel or any other commodity, if prices or spreads are nearing their bottom, it can be an opportune time to invest in those stocks.
Born Usha Chilukuri, she has carved out a distinguished career in the legal field, having clerked for Supreme Court Justices John Roberts and Brett Kavanaugh before Kavanaugh's nomination to the court.
When there are two wills produced before the court, which one will be executed?
Startup and venture funds on Tuesday cheered the Budget decision on the abolition of angel tax for all investor classes, terming it a "game-changer" that would remove significant barriers in growth and foster a vibrant and dynamic ecosystem. Angel tax refers to the tax that the government imposes on funding raised by unlisted companies, or startups if their valuation exceeds the company's fair market value.
Apple Inc and Google Inc's Motorola Mobility unit have agreed to settle all patent litigation between them over smartphones, ending one of the highest-profile lawsuits in technology.
Average monthly GST collection rose from Rs 90,000 crore during the first year of its implementation -- 2017-2018 -- to Rs 1.68 trillion during 2023-2024, representing an 87 per cent rise.
The petitioner, advocate PV Jeevesh, said that while the Centre gave Hindi and Sanskrit titles to those important legislations, the majority of the legal fraternity in South India is not conversant with the two languages.
Chandrachud said there were several comments on the social media which alleged that the CJI is "so arrogant" that he got up in the midst an important argument in court.
The Goods and Services Tax (GST) Council, scheduled to meet on June 22, could take a call on ending uncertainty on taxing foreign airlines and shippers as regards certain services, a senior official in the know told Business Standard. He said the Council was expected to decide on exempting the services in question from GST - aircraft lease rentals, maintenance, crew salaries, etc. These services are provided by foreign airlines to their Indian operations.
The Central Bureau of Investigation (CBI) will conduct a psychological assessment of Sanjay Roy, the accused in a rape-and-murder case of a doctor in Kolkata that has triggered nationwide protests, officials said on Saturday.
The Supreme Court on Thursday directed the National Testing Agency (NTA) to declare by 12 noon of July 20 the centre and city-wise results of NEET-UG 2024 while masking the identities of aspirants.
The top court said it cannot order a roving inquiry into purchase of electoral bonds on the assumption that it was quid pro quo for award of contract.
They said the agency is also taking steps to bring under its ambit cases registered in various states by the police.
The airline is gearing up to come out with an initial public offer.
'While not everyone may be pleased with a NEET retest judgment, it would restore fairness and integrity to the process, giving all students an equal opportunity based on merit.' 'This decision would correct the injustices faced by deserving students who were disadvantaged by the initial compromised exam'
The Bombay high court on Wednesday said it was ashamed to see commuters forced to travel like cattle in the local trains, the lifeline of the Mumbai region.
X claimed that the video in the social media posts which Sharma seeks to remove from its platform matches with his channel India TV's own livestream and is prima facie "authentic".
'The biggest impact will be on coal and hence on power cost. Then comes iron ore, coking coal, bauxite.'
Terming the rape and murder case of a medic at Kolkata's RG Kar Medical College and Hospital as horrific, the Supreme Court on Tuesday came down heavily on the West Bengal government over delay in filing first information report (FIR) in the matter.
Coming down heavily on the Maharashtra government, the apex court castigated it saying the state has huge amount to "waste on freebies" but does not have money to compensate to a private party which lost land to it "illegally".
The announcement on integration of WhatsApp with its Information and Communications Technology (ICT) services was made by the CJI before a nine-judge bench headed by him commenced the hearing on the vexed legal question arising from the petitions about whether private properties can be considered "material resources of the community" under Article 39(b) of the Constitution, which is a part of the Directive Principles of State Policy (DPSP).
The government said on Wednesday that it would aim at preventing a repeat of Bhopal gas leak case, a verdict on which a storm is raging on the light punishment given to those convicted.
The bench said it would be difficult for the poll panel to mobilise manpower for uploading the voter turnout data on its website.
Jaahnavi Kandula, 23, was struck by a police vehicle driven by Seattle Police Officer Kevin Dave as she was crossing a street on January 23.
The court said that the national anthem was an immortal classic not subject to change.
A bench comprising Justices Sanjiv Khanna and Dipankar Datta took note of the submissions of lawyer Prashant Bhushan, appearing for NGOs 'Common Cause' and the Centre for Public Interest Litigation, that the plea needed to be listed for hearing at the earliest.
The statement implicated members of the Mukhiya gang, accused of orchestrating multiple interstate paper leaks, as the source of the leaked answer sheet.
The company is in the process of filing an appeal against the order, Zomato said in a regulatory filing.
The Centre is considering a proposal on increasing coverage under the Ayushman Bharat scheme to Rs 10 lakh from the current Rs 5 lakh.
'The adjustments (of tax slabs and standard deduction) will reduce the tax burden for salaried individuals with an income of around Rs 20 lakh by approximately Rs 18,000.' 'For non-salaried individuals with the same income level, the savings will be around Rs 10,000.'
Born in Ayodhya, Ansari was the first to file the suit on the matter in the court of civil judge of Faizabad in 1949.
He said a petition has been filed before the Supreme Court, seeking an independent probe by a special investigation team into the alleged nexus between political parties and companies for corruption through electoral bonds.
Observing that students have to labour hard while preparing for these examinations, the apex court said the litigation pertaining to the National Eligibility-cum-Entrance Test (Undergraduate)-2024 examination ought not be treated as adversarial.
The Indian pharmaceutical companies are involved in patent litigations of a mere 40 drugs, out of the 135 known patent litigation drugs in the US. This is despite the claims by major Indian players such as Ranbaxy and Dr Reddy's at having secured over 20 first to file status abbreviated new drug applications with the US Food and Drug Administration.
The apex court rejected the preliminary objection raised by the Central Bureau of Investigation (CBI) and the Enforcement Directorate (ED) that Aam Aadmi Party leader Manish Sisodia cannot be permitted to file second set of special leave petitions to challenge the Delhi high court's May 21 verdict which denied him bail in the excise policy cases.
A Delhi court has directed to preserve CCTV camera footage.
It also said that the Indian public was "not gullible or silly".
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