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DIRECT TAX DISPUTE RESOLUTION
India's net direct tax collections rise 14.6% to Rs 5.21 lakh crore till June 17India's direct tax collections have seen a significant jump. Net collections reached Rs 5.21 lakh crore by June 17, marking a 14.64% increa...
Income Tax department labels her stock market trader, denies investor status; she fights and wins Rs 54 crore capital loss claim at ITATDolly Khanna successfully challenged the tax department's classification of her Rs 54 crore short-term capital loss as a business loss. The...
Booked flat for Rs 24 lakh in 2010, paid Rs 40 lakh over time, still no possession in 2026; homebuyers awarded full refund and Rs 2.5 lakh compensation eachThe case dates back to 2010 when the two homebuyers had made bookings for 3BHK flats in a housing society project initially proposed in Noi...
Banks asked to track movable assets to aid loan recoveriesThe government is collaborating with banks to create a system for sharing borrower asset information. This aims to speed up the recovery of...
Supreme Court suggests mediation to settle dispute in Bharat Forge promoter familyThe Supreme Court has proposed mediation for the Kalyani siblings to settle their extensive family dispute over ancestral wealth and compan...
India, Slovakia upgrade ties to comprehensive partnership; ink 11 pactsThe two leaders also agreed to work towards the "earliest" implementation of the India-European Union free trade agreement that is expected...
Income tax alert: These taxpayers could receive scrutiny notices by June 30, 2026 under Section 143(2)The CBDT has set June 30, 2026, as the deadline for issuing scrutiny notices under Section 143(2) for FY 2025-26 returns. An internal deadl...
Sign forgery case: Bengal CID not satisfied with Abhishek's replies, summons him again on June 14West Bengal CID has summoned TMC leader Abhishek Banerjee for a second round of questioning on June 14. Investigators were reportedly dissa...
NCLT admits SBI plea for personal insolvency proceedings against Anil AmbaniMumbai NCLT has admitted SBI's plea to start personal insolvency proceedings against Anil Ambani. This follows a Rs 1,200 crore claim by th...
Indian judiciary promotes mediation as robust dispute resolution mechanism: CJI Surya KantIndia's judiciary champions mediation as a strong way to resolve disputes. Chief Justice of India Surya Kant highlighted its importance and...
RICS launches internationally recognised mediation training programme in IndiaThis initiative aims to equip professionals with specialized dispute resolution skills. The program will train individuals to preserve rela...
Visa and Mastercard $38 billion swipe fee settlement gets preliminary approval after 20-year legal battle - what it means for merchants, credit card fees and consumersVisa Mastercard swipe fee settlement explained: A major legal battle over credit card swipe fees has advanced. A US district judge has give...
Ravi Mohan divorce case update: Why the Madras HC rejected the actor's recent plea in maintenance dispute with estranged wife Aarti RaviThe Madras High Court has reportedly rejected actor Ravi Mohan's request for more time in his divorce case. His estranged wife, Aarti Ravi,...
CJI Surya Kant bats for mediation, says arbitration facing procedural hurdlesChief Justice of India Surya Kant highlighted mediation's importance at the Supreme Court of the United Kingdom. He stated that internation...
SC directs implementation of mediated settlement in long-running Ardee family disputeA Bench comprising Justice JK Maheshwari and Justice Atul S Chandurkar took note of the progress made through the mediation process and dir...
SC directs execution of settlement in Ardee group family disputeThe Supreme Court has ordered the implementation of a settlement in a property dispute concerning the Ardee Group. The disagreement involve...
India needs to remove tax friction for more FDIIndia is looking to boost foreign investment by reforming its tax system. Recent proposals aim to simplify taxes on foreign holdings. The c...