Five reforms India needs before the next shockIndia faces economic vulnerabilities from external crises. Five reforms are proposed to build resilience. These include reducing gold and c...
17 Jun, 2026, 11.59 PM IST
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...
11 Jun, 2026, 12.46 AM IST
Bank auctioned pledged land after borrower defaulted but buyer took 2 years to pay 75% money; borrower cleared the dues, fought and won the case in SC to get his land backThe Supreme Court agreed with the Madras High Court's call to cancel the auction of Mr. Rama's family property. The bank was trying to sell...
09 Jun, 2026, 11.39 AM IST
Paying tax won't legitimise cash stashesThe taxman is tightening its grip on undeclared cash, with a recent tribunal ruling allowing the benami wing of the Income Tax department t...
08 Jun, 2026, 12.28 AM IST
EPFO held on to Rs 10 lakh for 11 years: Patna HC orders it to refund the deposit with 6% interest for ‘unjust enrichment’The Patna High Court has ordered the EPFO to pay 6% annual interest on a Rs 10 lakh deposit, citing unjust enrichment. The court ruled that...
06 Jun, 2026, 07.11 AM IST
3 steps private sector employees and managers can take if they disagree with disciplinary committee actionPrivate sector employees and managers facing disciplinary action can protect themselves. Understanding labour laws and principles of natura...
30 May, 2026, 08.00 AM IST
Mumbai man received tax notice over unreported income, not filing ITR; ITAT rules in his favour on TDS benefit, tax demand reducedManoj Soman had not filed an ITR for the relevant assessment year, which is FY 10-11 in this case. Based on information available through t...
29 May, 2026, 04.51 PM IST
Jane Street may take Singapore route to sort out India tax rowWith the Income Tax (I-T) department questioning the tax benefits it had claimed, the Wall Street firm is understood to be working on initi...
25 May, 2026, 05.51 AM IST
NCLAT allows Lyka Labs appeal; asks Modi Lifecare to pay Rs 63 lakh or face insolvency proceedingsThe NCLAT has ruled in favor of Lyka Labs. It overturned a previous NCLT decision. Modi Lifecare Industries must now pay Rs 63 lakh within ...
19 May, 2026, 11.23 PM IST
Gave up tenancy, got new flat in redeveloped property, then faced income tax notice of STCG of Rs 1.1 crore: How tenant won at ITAT MumbaiA Mumbai tenant successfully challenged a Rs 1.1 crore tax notice. He surrendered tenancy for a new flat in a redeveloped building. The Inc...
14 May, 2026, 12.52 PM IST
Supreme Court agrees to hear IEX plea against power market coupling orderThe Supreme Court will review the Indian Energy Exchange's challenge to a regulatory order. This order mandates market coupling for power t...
12 May, 2026, 12.45 AM IST
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...
05 May, 2026, 12.40 AM IST
US-based son gets tax notice in India over Rs 11 lakh cash deposit made on behalf of parents during demonetisation; ITAT Delhi cancels notice for this reasonA US-based son, Mr. Bussi, successfully challenged an Indian income tax notice after depositing Rs 11 lakh cash into his parents' account d...
04 May, 2026, 11.32 AM IST
Tax shadow over charitable trusts with 'profit' motiveThree top-notch hospitals in Mumbai and a famous international spiritual organisation-all functioning as charitable trusts-have been denied...
04 May, 2026, 12.33 AM IST
Supreme Court declines plea on voter deletions, directs petitioners to tribunalsThe Supreme Court has directed individuals whose names were removed from the voter list in West Bengal to approach appellate tribunals. Thi...
24 Apr, 2026, 11.28 PM IST
SIR: CJI hails record voter turn out in first phase of West Bengal pollsThe Supreme Court has directed appellate tribunals in West Bengal to prioritize urgent additions to voter lists. This comes after a high vo...
24 Apr, 2026, 07.10 PM IST
CM Mamata Banerjee hails SC relief on supplementary voter list ahead of Bengal pollsThe Supreme Court has intervened to ensure eligible voters are not disenfranchised in the West Bengal assembly elections. Supplementary vot...
16 Apr, 2026, 07.46 PM IST