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CHARITY COMMISSIONER RULING
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...- Tata Trusts row: Fresh complaint filed with Charity Commissioner over share transferA fresh complaint has been filed with the Maharashtra Charity Commissioner ahead of the June 8 meeting of trustees of Sir Dorabji Tata Trus...
- Why Tata Sons is facing pressure to go public | An explainerTata Sons is under pressure to list on the stock market. This comes from its shareholders and potential Reserve Bank of India rules. A boar...
- Tata Trusts case: Bombay High Court allows withdrawal of writ petition challenging trustee structureThe Bombay High Court permitted the withdrawal of a petition questioning the Sir Ratan Tata Trust's life trustee structure. The court noted...
- Depositories can use part of IPF corpus income for trust costsSebi has proposed allowing depositories to use up to 5% of their investor protection fund (IPF) income for administrative and statutory exp...
- Bombay HC refuses to stay Sir Ratan Tata Trust meeting; Tata Sons board representation on agendaThe Bombay High Court declined to halt a Sir Ratan Tata Trust meeting. A petitioner argued the trust's board composition violates new Mahar...
- Bombay High Court declines urgent stay on Tata Trust meetThe Bombay High Court has declined to halt a crucial meeting of Sir Ratan Tata Trust trustees scheduled for Friday. A petition argued the t...
- Petition in High Court seeks stay on Tata Trusts meetingAhead of a critical Tata Trusts meeting scheduled for Friday, a petition has claimed that Sir Ratan Tata Trust violates a new Maharashtra l...
- Venu Srinivasan, Vijay Singh to exit Tata Education Trust after Mehli Mistry votes against bothVenu Srinivasan and Vijay Singh will exit TEDT from May 11 after Mehli Mistry opposed their reappointments, with unanimity required. The mo...
- Tata Trusts review trustee roles at two entities as Maharashtra law caps lifetime positionsTata Trusts is currently under the microscope due to its ongoing trustee appointments. Recent legislation in Maharashtra has placed limitat...
- Buckeye Trust ruling: How a single clause drafted without sufficient precision in trust deeds can trigger tax risk and derail estate planningWhether in trust deeds, corporate agreements or commercial contracts, even a single clause drafted without sufficient precision can signifi...
- Can women be stripped of their religious identity after marrying outside their faith? Supreme Court to decide in inter-faith marriage caseThe Supreme Court of India will examine a constitutional challenge alleging gender discrimination in Parsi personal laws. A Parsi woman's p...
- Old levy returns: Maha trusts may be asked to pay upMaharashtra's temple and religious trusts may soon contribute a portion of their donations to the state government, following the Bombay Hi...
- Apollo Hospitals announces Rs 1,625 crore expansion in Mumbai and LucknowApollo Hospitals announces a major expansion plan in Mumbai and Lucknow with a total investment of Rs 1625 crore over the next four years. ...
- Around 60 migrants die in boat wreck off ItalyAt least 59 migrants, including a baby just a few months old, died after their overloaded boat sank early on Sunday in stormy seas off Ital...
- View: Charitable institutions being misused for tax-free profits. Why such mistrust of trusts?While ruling, the apex court has not provided any threshold as to what constitutes a 'nominal mark-up' or 'significant profits'. Also, ther...
- FCRA licences of Odisha-based NGOs revokedNorth Block officials said the FCRA licences of the two NGOs were suspended last year for 180 days and later a review was held before cance...
- MHA cancels CHRI, AAWW licences for FCRA rules violationThe government has cancelled FCRA licences of the two NGOs after they "failed to adhere to rules mandated to be followed under FCRA on many...
- Madoff victims can claim theft lossInvestors allegedly defrauded by Bernard Madoff and R Allen Stanford will be allowed to claim theft losses as deductions on their tax retur...
- Educational donations will not be taxedThe Income Tax Appellate Tribunal (ITAT) Mumbai has ruled that donations to educational institutions are exempt from taxation, if there is ...
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