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LACK OF ACCOUNTABILITY IN TRIBUNALS
Can govt employee be terminated from service for suppressing higher qualification: SC to examineThe Supreme Court will review a Telangana High Court ruling. The ruling upheld the termination of a Scheduled Tribe employee for not disclo...- Suzlon Energy shares crack 5% after Rs 29 crore Sebi fine for misleading financials; company clarifiesSuzlon Energy shares 5% dipped after Sebi imposed nearly Rs 29 crore in penalties on the company and former executives for misrepresenting ...
- NCLAT rejects pleas against Kerala's liquor procurement agency; upholds CCI orderThe Appellate Tribunal NCLAT has upheld a decision by the fair trade regulator CCI. The CCI had closed a complaint alleging abuse of domina...
- NHAI settles arbitration claims in Panipat-Jalandhar Highway project casesThe National Highways Authority of India has successfully settled two major arbitration cases. An arbitral tribunal awarded NHAI Rs 819.96 ...
- Lady took loan for investment into venture capital fund, claimed Rs 1.49 crore interest deduction, was denied by I-T dept; ITAT allows it in a landmark rulingA lady won a tax case in ITAT Mumbai. She claimed Rs 1.49 crore interest deduction on a loan taken for Venture Capital Fund investments. Th...
- Sunetra Pawar gets relief as ITAT scraps Rs 32.14 crore tax addition against Ajit Pawar, calls evidence linking ‘DD’ to leader insufficientThe Income Tax Appellate Tribunal has cancelled tax proceedings against Sunetra Ajit Pawar. A Rs 32.14 crore addition treated as unexplaine...
- Electricity likely to cost more in Delhi; APTEL orders to start liquidation of discom dues in 3 weeksDelhi's electricity bills are set to increase. The Appellate Tribunal for Electricity has ordered the Delhi power regulator to start recove...
- Employee fined Rs 10 lakh over lack of ESOP disclosure in ITR; here's why ITAT Chennai cancelled itAn Indian employee faced a Rs 10 lakh penalty for not disclosing foreign ESOPs in his Income Tax Return. The Income Tax Appellate Tribunal,...
- SC to hear Vedanta's stay plea against Adani's Jaiprakash Associates takeoverVedanta, owned by Anil Agarwal, had outbid Adani Group in one of the largest and most keenly tracked insolvency cases in the country. The c...
- Rs 50 lakh insurance purchase with Rs 4.8 Lakh income triggers tax trouble: ITAT rejects HUF funding claim; here's whyA woman's Rs 50 lakh insurance policy purchase was deemed an unexplained investment. She claimed HUF funding from agricultural income. The ...
- SC slams functioning of tribunals, points out lack of accountabilityThe Supreme Court has strongly criticized tribunals nationwide. Judges stated these bodies have become a liability and a headache. Signific...
- Chitra Ramakrishna vs Sebi: SC asks NSE's ex-MD to pay Rs 25 lakh penaltyThe Supreme Court on Monday asked Chitra Ramkrishna, the former managing director and chief executive officer of the National Stock Exchang...
- NSE co-location case: Supreme Court refuses to stay SAT orderThe Supreme Court bench led by justice Sanjiv Khanna asked the market regulator to refund Rs 300 crore to the NSE subject to the latter giv...
- In relief for auditors, NCLT stays order of impleadmentThe Centre is looking to clamp down on Deloitte and BSR, a KPMG network firm, for alleged lapses on their part in auditing the accounts of ...
- HC rejects TN goverment's plea challenging Rs 100 crore NGT penaltyThe government had challenged the penalty imposed by the National Green Tribunal for its failure to restore the Adyar and Cooum rivers and ...
- Lalit Modi row: Death threat from underworld don Dawood Ibrahim made him extend stay in LondonThe UK home department had directed Modi to return to India, but the UK courts quashed the order in 2013 after taking into account death th...
- National Green Tribunal criticises environment ministry over tackling illegal mining issueEnvironment ministry has come in for criticism from the National Green Tribunal for its slow response in tackling the problem of illegal mi...
- Government faces NGT flak for slow response to illegal mining in NCRMore than a month after the green court set up a committee to look into the issue, the environment ministry is yet to appoint its represent...
- Expert advice is not an excuse to avoid penalty for claiming false deductions: I-T tribunalAn income-tax tribunal has held that a company cannot avoid paying penalty for claiming false deduction on grounds that its claim was suppo...
- Government apathy almost let SIMI offThe Centre averted a major embarrassment when it secured an interim order from the Supreme Court to continue the ban on SIMI.
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