Loss-Making MNCs Must Pay Tax on India Setups: Delhi HC
The Delhi High Court ruled that multinational corporations MNCs , even if reporting global losses, are liable to pay taxes on earnings attributable to their Indian operations.…
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The Delhi High Court ruled that multinational corporations MNCs , even if reporting global losses, are liable to pay taxes on earnings attributable to their Indian operations.…
Star Health Insurance has experienced a significant data breach, raising concerns among experts about the potential consequences. The breach involved the unauthorized access and…
The Union Finance Ministry has allocated Rs 994 crore as financial assistance to the cash-strapped Punjab Government. This will be an interest-free loan for 50 years. Rajya Sabha…
The Supreme Court clarified that accused individuals under the UAPA should challenge the sanctions granted for their prosecution at the earliest opportunity. This ruling aims to…
The Supreme Court, while commuting a death sentence, considered the convict's age at the time of the crime and their family’s social and criminal background as relevant factors.…
The Delhi High Court ruled that once a corporate debtor is liquidated by the National Company Law Tribunal NCLT , no further legal proceedings can be initiated against it by tax…
The Rajasthan High Court ruled that the use of deadly weapons is not a prerequisite for charging someone with murder. The court emphasized that the nature of the act, intent, and…
The Rajasthan High Court denied anticipatory bail to a government teacher accused of using fake documents for employment. The court ruled that the seriousness of the allegations…
Deloitte projects that India will achieve a 7% GDP growth rate in FY25, despite facing global economic headwinds. The report highlights that inflation is under control, rural…
The Madras High Court raised concerns about the severity of GST registration cancellation, comparing it to a "capital punishment" for traders. This analogy emphasizes the drastic…
The Authority for Advance Rulings AAR recently clarified that a tender issued by the Navy for habitability upgradation works on the warship INS Ranveer is subject to GST at normal…
The Gauhati High Court ruled that part-time contractual employees are entitled to maternity leave benefits, recognizing their right to equal treatment under labor laws. The court…
The Gujarat High Court highlighted the responsibilities of the Junagadh Municipal Corporation under the Plastic Waste Management Rules, 2016. The court stressed the importance of…
The Bombay High Court delivered a ruling on the reservation policy for the Economically Weaker Sections EWS category in the Sub-Registrar and Stamp Inspector examination. The…
The Allahabad High Court clarified the jurisdiction of civil courts in tenant eviction cases under the UP Urban Premises Tenancy Act. The court ruled that civil courts have…
The Bombay High Court expressed concern over the increasing number of frivolous cases filed against doctors, seeking compensation for alleged medical negligence. The court noted…
The Orissa High Court ruled that tractor trolleys are classified under Section 2 h of the Orissa Entry Tax Act, making them liable for entry tax. This case arose from a dispute…
The Central Board of Direct Taxes CBDT has issued the Direct Tax Vivad Se Vishwas Rules 2024 to streamline the resolution of long-pending tax disputes. This initiative allows…
The Ministry of Corporate Affairs has notified the Second Amendment Rules for the National Financial Reporting Authority NFRA . The amendments are aimed at enhancing the…
The Karnataka High Court is hearing an election petition challenging the 2023 Karnataka Assembly election results in which Congress leader Siddaramaiah emerged victorious. The…
The Supreme Court stayed a Telangana High Court ruling that mandated the state government to extend the benefit of 85% local quota in medical admissions to students who are…
The Gauhati High Court is hearing a Public Interest Litigation PIL regarding the development of vending zones in Guwahati under the city’s Municipal Corporation. The PIL calls for…
The Punjab and Haryana High Court closed a contempt petition against Hindustan Times' former editor-in-chief and a legal correspondent, emphasizing the importance of fair court…
The Bombay High Court granted bail to Munib Memon, who had been in custody for over 11 years without trial in connection with the Pune serial blasts case of 2012. The court noted…
The Ministry of Corporate Affairs MCA has implemented key provisions of the Competition Amendment Act, 2023, effective from September 19, 2024. This marks a critical step toward…
The Department of Financial Services DFS is spearheading efforts to promote the expansion of digital payments both domestically and internationally. This initiative is a part of…
In response to growing concerns over tax evasion, Gujarat's GST department has launched a crackdown on bogus GST registrations. The drive aims to identify fraudulent entities…
The Delhi High Court ruled that the Pension Regulations for the Army, 1961, are applicable to the Defence Security Corps DSC service. This decision came while addressing a writ…
The Delhi High Court and Jharkhand High Court have been functioning without regular Chief Justices for extended periods. Justice Manmohan has been the Acting Chief Justice of…
Six of India's top-valued companies have collectively added Rs 19 lakh crore to their overall market valuation. ICICI Bank and HDFC Bank were the biggest gainers, contributing…
The Supreme Court has upheld the Securities Appellate Tribunal's SAT order in the case involving Linde India and its transactions with Linde South Asia Services. The case revolved…
The article provides a comprehensive update on the latest news in India, covering various sectors including politics, economy, and social issues. Key highlights include…
The Indian government has initiated a comprehensive review of the IGST Integrated Goods and Services Tax settlement mechanism following complaints from states like Tamil Nadu and…
The Ministry of Food Processing has taken a proactive stance to address the GST-related concerns of the food industry, led by Minister Chirag Paswan. One major issue raised…
HDFC Credila, a leading education loan provider, is preparing for an initial public offering IPO worth Rs 5000 crore. The IPO aims to raise funds to expand its loan portfolio and…
The High Court of Bombay at Goa has quashed the appointment of retired district court judge Cholu Gauns as a member of the Goa Real Estate Regulatory Authority RERA . The court…
The Uttar Pradesh Real Estate Regulatory Authority UPRERA is addressing complaints of promoters arm-twisting allottees. Promoters have been accused of using coercive tactics to…
The Finance Ministry and the Reserve Bank of India RBI are set to decide on the borrowing program for the October-March period and take a call on the Sovereign Gold Bond scheme.…
The article provides updates on the latest company news, including significant developments in various industries. Key highlights include mergers and acquisitions, financial…
The article discusses the deteriorating relationship between the US and China, highlighting the potential consequences of losing the one thing that has kept peace between the two…
Prime Minister Narendra Modi began his three-day visit to the US, where he met with US President Joe Biden and attended the Quad summit. The visit aims to deepen India-US…
Congress President Mallikarjun Kharge reaffirmed the party’s commitment to protecting the constitutional rights of Jammu and Kashmir and announced a set of seven guarantees aimed…
Star Health Insurance has experienced a significant data breach, raising concerns among experts about the potential consequences. The breach involved the unauthorized access and…
The Union Finance Ministry has allocated Rs 994 crore as financial assistance to the cash-strapped Punjab Government. This will be an interest-free loan for 50 years. Rajya Sabha…
The US and India are set to enhance their clean energy cooperation by expanding manufacturing capacity and unlocking $1 billion in multilateral finance through the International…
A public sector bank PSU with a stock price under Rs 550 is planning a significant fundraising effort, with an important meeting scheduled for this week. The bank aims to raise…
Union Minister Bhupender Yadav announced that the Indian government will provide financial support to startups in the waste recycling sector. This initiative aims to promote…
Axis Finance, IDBI Bank, and IDBI Trusteeship have withdrawn their petitions against the Zee-Sony merger at the National Company Law Appellate Tribunal NCLAT . The withdrawal of…
Luxury carmakers Mercedes-Benz, Audi, and BMW are anticipating strong sales during the upcoming festive season in India. The luxury car market, though a small segment of the…
Deloitte projects that India will achieve a 7% GDP growth rate in FY25, despite facing global economic headwinds. The report highlights that inflation is under control, rural…
The Delhi High Court ruled that multinational corporations MNCs , even if reporting global losses, are liable to pay taxes on earnings attributable to their Indian operations.…
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