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EDUCATIONAL APPELLATE TRIBUNAL
Reliance Foundation secures major win as ITAT overturns cancellation of charity registrationReliance Foundation has won a legal battle against the Income Tax authorities regarding the 'charitable' status of its Mumbai hospital. A t...
IBDF joins legal battle over streaming of TV channels on Prasar Bharati’s WAVES platformThe Indian Broadcasting and Digital Foundation has joined a legal battle concerning Prasar Bharati's WAVES platform. The dispute centers on...
Reliance Trust challenges I-T move to cancel registrationSeveral prominent charitable organizations in Mumbai are facing the cancellation of their tax registrations. The tax department cites comme...
SC allows Aakash Educational Services to go ahead with rights issueThe Supreme Court has allowed Aakash Educational Services to proceed with its rights issue. This fundraising move was challenged by Byju's ...
Aakash shareholders approve share capital increase ahead of rights issueRaising the share capital is an important step before floating a rights issue. Glas Trust, which represents Byju’s US lenders, had earlier ...
Byju's moves NCLAT on Aakash EGM for rights issueByju's has appealed to the NCLAT against an NCLT order that refused to halt Aakash Educational Services' EGM for a rights issue. The edtech...
NCLAT sends Aakash's AoA amendment case back to NCLTOn Friday, the Chennai bench of the National Company Law Appellate Tribunal disposed of the petitions filed by Manipal Health Systems and A...
Byju’s vs BCCI: SC stays NCLAT order that set aside insolvency case against edtechEarlier, US-based Glas Trust, which represents some lenders of a Byju's group company, had filed an appeal before the Supreme Court challen...
Axis Bank moves NCLT to seek insolvency proceedings against Zee LearnAxis Bank has filed a petition before the National Company Law Tribunal (NCLT) seeking insolvency proceedings against Zee Learn, the educat...
SAT quashes Sebi penalty on NSE, ex-CEOs in co-location caseIn 2019, Sebi's whole-time member in his order alleged that National Stock Exchange failed to ensure trading in a transparent, fair and ope...
NCLAT sets aside insolvency proceedings against Zee Learn, directs NCLT to decide afreshUnder Section 7 of the Insolvency and Bankruptcy Code (IBC), a financial creditor can get insolvency proceedings initiated against the corp...
SAT quashes Sebi's order banning Tree House Education and Accessories, officialsRajesh Bhatia, Geeta Bhatia, Giridharilal S Bhatia and Hiten Trivedi are the officials from whom the ban is lifted.
Tribunal head's salary: High Court seeks Delhi Finance Secretary's replyThe court was hearing a plea which claimed that Maheshwari had not been paid any salary since his appointment on May 1, 2014.
- Tax breather for foreign varsities in distance learning courses
The Delhi bench of ITAT has held that payment received by a foreign university for offering distance educational courses in India is not ta...
- ‘Foreign healthcare services companies not liable for tax’
The particular case was related to payments made by Max India and Wockhardt Hospital to US-based Harward Medical International.
- States object to 3-tier education tribunals
Proposal to set up educational tribunals will require some reworking.
- Educational donations will not be taxed
The Income Tax Appellate Tribunal (ITAT) Mumbai has ruled that donations to educational institutions are exempt from taxation, if there is ...