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Kerala HC Affirms Priests, Nuns’ Right to Property Despite Poverty Oath - 16.06.2017
Kerala High Court while affirming priests and nuns’ right to property has ruled that Christian priests and nuns are entitled to their right to property despite their vows of poverty.
Tags : Kerala HC priests
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SEBI Tightens Disclosure Norms, Imposes Hefty Penalty for Non-compliance - 16.06.2017
Securities and Exchange Board of India (SEBI) has tightened compliance norms by levying hefty penalty of up to Rs. 1 crore and provision to prosecute promoters of companies that do not comply with disclosure norms.
Tags : Securities and Exchange Board of India disclosure norms
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Bombay HC Turns Down Plea To Terminate Rape Victim’s Pregnancy - 15.06.2017
Bombay High Court has refused relief to a 26-week pregnant rape victim seeking permission for termination of pregnancy.
Tags : Bombay High Court pregnancy
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ITAT, Bengaluru: No Exemption to Society For Investment in Fixed Asset using Loan Amount - 15.06.2017
ITAT, Bengaluru has held that assessee-society is not entitled to exemption in respect of investment in fixed asset using loan amount under section 11 of Income Tax Act.
Tags : ITAT Bengaluru Income Tax Act
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SC Notices Centre on Plea Challenging Ban on Sale of Cattle for Slaughter - 15.06.2017
Supreme Court has issued notice to Centre on a petition challenging its May 25 notification, banning sale and purchase of cows and buffaloes at animal markets for slaughter.
Tags : Supreme Court Slaughter Cattle
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NCDRC: Builder-Buyer Agreements Often Favours Builders’ Interest - 15.06.2017
National Consumer Disputes Redressal Commission (NCDRC), while terming some builder- buyer agreements as ‘unconscionable contracts’, has observed that the terms are usually framed ‘favourable’ and ‘suitable’ to builders/ service providers.
Tags : National Consumer Disputes Redressal Commission Real Estate
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Govt Notifies New Exemptions to Private Ltd Companies - 15.06.2017
Govt has notified exemption to Pvt Ltd Companies which says that exceptions, modifications and adaptations provided in it shall be applicable to a company covered u/s 8 of Companies Act which has not committed a default in filing its financial statements u/s 137 or annual return u/s 92 of Act.
Tags : Government of India Companies Act 2013
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Bombay HC Allows Metro Rail to Cut 108 Mangrove Trees for BKC Station - 14.06.2017
Bombay High Court has permitted Mumbai Metro Rail Corporation Limited (MMRCL) to clear 108 mangroves to construct a station at Bandra-Kurla Complex (BKC) under Metro-3 project.
Tags : Bombay High Court Mumbai Metro Rail Corporation
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ITAT Mumbai Allows Claim of TDS Credited on Unrealized Income - 14.06.2017
ITAT, Mumbai has allowed assesses claim towards TDS credited on unrealized income.
Tags : ITAT Mumbai TDS
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