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.
The L-G will take decisions on police, officers of all-India services such as the IAS and the IPS, and giving sanction for prosecution in various cases.
'A possible post-election growth momentum may be lost.'
Varanasi, Detroit, and Venice have been selected to host a global initiative aimed at creating sustainable transportation solutions for cities as part of the 'Toyota Mobility Foundation's Sustainable Cities Challenge'. The initiative is a $9 million programme that will see these cities collaborate with innovators to develop and implement new mobility solutions. The cities, located in the US, India, and Italy, were chosen from a shortlist of 10 cities announced in November 2023.
The Jammu and Kashmir administration on Saturday sacked six government employees, including five policemen, for their 'deep involvement in anti-national activities', officials said.
Delhi's appeasement strategy may now translate as more mega arms deals with the US, generating substantial business and job creation in the American economy. Make no mistake, Americans will use it to pressure India, predicts Ambassador M K Bhadrakumar.
Of the total proposed allocation, over Rs 1 lakh crore is meant for BSNL and MTNL-related expenses, including Rs 82,916 crore infusion in BSNL for technology upgradation and restructuring at BSNL.
Te Congress slammed the Centre's order, alleging that Prime Minister Narendra Modi wants to politicise employees on an ideological basis.
The ministry of information and broadcasting (I&B) on Wednesday held an inter-ministerial meeting with various departments to discuss issues regarding revenue sharing between Big Tech companies and digital news publishers, according to sources. The meeting - chaired by I&B Secretary Sanjay Jaju - invited senior officials from the ministry of corporate affairs (MCA), Competition Commission of India (CCI), ministry of electronics and information technology (Meity) and departments of promotion of industry and internal trade, legal affairs and consumer affairs.
'It would be reasonable to assume that Modi 3.0 would be more focused on projects and schemes which do not require any legislative change or which have the support of its coalition partners,' asserts A K Bhattacharya.
The cabinet also gave its nod to a proposal to amend the Madhya Pradesh Minister (Salary and Allowance) Amendment Bill, 2024, and make a provision for state ministers to deposit their income tax instead of the government bearing such burden.
A day after the Aam Aadmi Party claimed that Delhi Chief Minister Arvind Kejriwal had lost 8.5 kg in prison, Tihar jail sources on Monday said he had only lost 2 kg and he was being regularly monitored by a medical board of AIIMS.
Meghalaya Chief Minister Conrad K Sangma retained the key departments for his National Peoples Party, and gave the lesser politically significant ones to alliance partners Bharatiya Janata Party, Hill State Peoples Democratic Party and United Democratic Party as he allocated portfolios on Thursday.
Apart from the chief minister and deputy chief minister, 13 cabinet and 10 ministers of state were allocated portfolios.
'The Indian government is better prepared this time and has reached out to all contenders and not putting all eggs in one basket.'
'A mule operates someone else's account to transfer illegal money.'
The finance ministry has directed all state-owned banks to review their gold loan portfolio as instances of non-compliance with regulatory norms have been noticed by the government. The Department of Financial Services (DFS) in a communication addressed to heads of public sector banks has asked them to look at their system and processes related to gold loan. "We have asked banks to undertake comprehensive review of the gold loan business," financial services secretary Vivek Joshi told PTI.
The former Congress president also tagged a post by Tesla CEO Elon Musk in which he talked about eliminating EVMs.
'We cannot endanger our national security by indulging in false bravado, fake narratives and high-decibel whitewashing. As a nation, we have to collectively fight the scourge of cross-border terrorism'
The US State Department on Friday released a part of emails by former secretary of state Hillary Clinton related to a 2012 terrorist attack on the US consulate in Libya's Benghazi.
The BMC declared a holiday for all government and private schools and colleges in Mumbai on Thursday after the IMD issued a 'red' alert for the metropolis.
Portfolios were on Tuesday allocated in the new Bihar cabinet headed by Chief Minister Nitish Kumar who, predictably, retained the all-important home department which helps him keep direct control on the state police.
The IMD issued a 'red alert' for Pune district and asked people to take precautions.
The Jammu and Kashmir administration has sacked three employees, including the Kashmir University public relations officer, for allegedly working with Pakistan-based militant outfits, raising finances for them and propagating their ideology, officials said on Monday.
Senior Bharatiya Janata Party leader and the tribal face of the party, Vishnu Deo Sai, on Wednesday took oath as the chief minister of Chhattisgarh, 10 days after the saffron party returned to power after a gap of five years by unseating Congress in the assembly elections.
'The idea is to frame the ToR quickly, so that Trai can begin its consultations with industry stakeholders.'
The CID, probing charges against Yediyurappa of sexually assaulting a minor girl, has alleged in the chargesheet that he and three other accused paid money to the alleged victim and her mother to buy their silence.
A paternal aunt of the teenager allegedly involved in the Pune Porsche car crash that killed two IT professionals last month has moved the Bombay high court claiming the boy was in 'illegal' detention and sought his immediate release.
Days after cutting the salaries and other allowances of MPs and ministers, the government has passed instructions to all departments to reduce their expenditure by as much as 60 per cent from their first-quarter spending plans.
Citing a Tamil daily's reportage, Union Finance Minister Nirmala Sitharaman on Sunday alleged that the Tamil Nadu government administered temples have barred puja for Lord Ram on the day of the consecration of the grand temple in Ayodhya, which was dismissed by the state as a false news with ulterior motives.
VIP entry must be restricted only to themselves and their family members, but not the relatives, Justice S M Subramaniam said.
'A mid-year review makes the end-of-year financial review manageable and less stressful.'
A video purportedly showing gangster Lawrence Bishnoi, lodged in Ahmedabad's Sabarmati Central Prison since August 2023, speaking to Pakistan's gangster Shahzad Bhatti on a video call surfaced on Tuesday, prompting the Gujarat government to order a probe.lawr
In an embarrassment to Kerala government, a 40-year-old housewife has alleged that her photo was used without her consent in an advertisement of the much-touted "Nirbhaya Keralam Surakshitha Keralam" programme and threatened to sue the government.
'As the city grows, so do its fire incidents.'
The Seattle police officer who struck and killed Indian student Jaahnavi Kandula while responding to an overdose call, will not face any criminal charges due to lack of 'sufficient' evidence, authorities said.
The top court had on March 4 directed the party to vacate its office by June 15 after noting that the plot was allotted to the Delhi high court for expanding judicial infrastructure.
The mother of the minor in the Porsche car accident case was arrested after confirmation that his blood samples were replaced with hers, Pune police chief Amitesh Kumar said on Saturday.
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".
Senior advocate Prashant Bhushan, who appeared for the petitioners in the court, said at least 30 shell companies purchased electoral bonds worth over Rs 143 crore.
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