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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...- 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...
- Grid India seeks steering panel for market couplingGrid India suggests a steering committee for power market coupling. This body would include CERC, Grid India, and power exchanges. The move...
- Can you sell household items worth more than Rs 2 lakh in cash? Check the tax rulesA woman successfully challenged the Income Tax Department's addition of Rs 10.80 lakh as unexplained cash. The ITAT Chennai ruled in her fa...
- Jindal Poly Films dispute, India's first class action suit, sent by Supreme Court to arbitrationThe Supreme Court has sent a minority shareholder dispute involving Jindal Poly Films to arbitration. This decision overturns earlier order...
- IWT treaty: Centre says not a single drop of water will go to Pakistan as it formulates plans to stop flowsIndia is taking steps to ensure Pakistan receives no water from the Indus river system in the coming years. Union Jal Shakti Minister C.R. ...
- Man sold unlisted shares, bought Rs 5.65 cr house, faced income tax scrutiny; he fought back and won in ITAT Delhi despite low income declarationMr. Bansal successfully appealed a tax demand after claiming Section 54F exemption on Rs 7.59 crore long-term capital gains from unlisted s...
- 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...
- Great Nicobar project commercial enterprise; ecological havoc assured: Congress' Jairam RameshJairam Ramesh, a senior Congress leader, has strongly criticized the Great Nicobar Island Project. He labels it a commercial venture that w...
- At Big 4 firms, AI is starting to reshape the tax professionMajor accounting firms in India are embracing artificial intelligence for tax services. AI is automating routine tasks, research, and draft...
- How Donald Trump's Ukraine aid cuts undermine justice for Russian war crimesUS funding cuts are impacting Ukraine's pursuit of justice for war crimes. Organizations documenting atrocities face reduced capacity. This...
- Govt notifies sports board, tribunal rules to overhaul governance and speed up disputesIndia's sports governance is set for a major overhaul. The Union government has notified new rules for a National Sports Board and a Nation...
- 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...
- Dhoot moves SC seeking inclusion of foreign oil assets in Videocon insolvency processFormer Videocon chairman Venugopal Dhoot has approached the Supreme Court, seeking to include foreign oil and gas assets of various Videoco...
- Gauhati HC issues new guidelines for Principal Seat, Benches and District CourtsGauhati High Court introduces new guidelines for its courts and district courts. Matters on Mondays and Fridays will be heard via video-con...
- Venugopal Dhoot moves SC against order upholding separate insolvency for Videocon Industries Ltd and VOVLVideocon founder Venugopal Dhoot has approached the Supreme Court. He is challenging a recent appellate tribunal order. This order allows s...
- RIL, foreign firms refute in SC Centre's claim of 'unjust' extraction of gas from KG basinReliance Industries and its offshore partners are strongly denying allegations of siphoning gas from ONGC fields. The companies are in the ...
- Krishna-Godavari basin dispute: Reliance and others seek mediation, SC refuses to halt hearingReliance Industries Limited and two foreign partners told the Supreme Court they will ask the Indian government to resolve the Krishna-Goda...
- NCLAT upholds separate insolvency processes for Videocon Industries and Videocon Oil VenturesThe NCLAT has upheld separate insolvency proceedings for Videocon Industries Ltd (VIL) and Videocon Oil Ventures Ltd (VOVL), overturning an...
- GST Tribunal revamps appeal process: Division bench review now mandatory for appealsThe move seeks to prevent smaller benches from deciding cases involving important legal questions, ensure consistent rulings, and streamlin...
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