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Demonetisation Cases: Central Board of Direct Taxes Extends Taxman's Deadline to December 31 - 27.09.2019

Central Board of Direct Taxes has extended the deadline up to December 31 for the Income-Tax department to complete the final assessment of about 87,000 entities that made suspicious deposits post-demonetisation.

Tags : Central Board of Direct Taxes Demonetisation Cases

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RBI Grants PMC Bank Customers to Withdraw upto Rs 10,000 - 27.09.2019

Reserve Bank of India (RBI) has eased the restrictions on depositors of Punjab & Maharashtra Cooperative Bank (PMC Bank), two days after it put a Rs 1,000 cap on the money a saver could withdraw.

Tags : RBI PMC

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SAT Rejects ITC’s Appeal Over Sale of Leela Hotels to Brookfield - 27.09.2019

Securities Appellate Tribunal (SAT) has rejected an appeal by ITC Ltd challenging the sale of Hotel Leelaventure Ltd’s assets to Brookfield Asset Management Inc, bringing the Canadian alternative asset manager a step closer to acquiring four luxury Leela hotels.

Tags : SAT ITC

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Supreme Court: Female Descendant Cannot be Mutawalli if Wakif Intended to Eliminate Them - 27.09.2019

Supreme Court has noted that though woman can also hold the office of Mutawalli under Mohammedan law however if the Wakif intended to create the Mutawalliship only in favour of male descendants, a female descendant cannot stake claim to the Mutawalliship of the Wakf estate.

Tags : Supreme Court Female Descendant

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Supreme Court: Rs. 25 Lakh Compensation for Illegal Kochi Flat Owners for Now - 27.09.2019

Supreme Court has noted that the owners of 343 flats in four illegally constructed high-end buildings in Kochi that have been scheduled for demolition must be paid ad hoc compensation of Rs. 25 lakh within 4 weeks. The Court said the demolition had to be completed within 138 days, in accordance with the schedule provided by the State. Further the Court also ordered State Government to pay the compensation and recover the cost from the builder.

Tags : Supreme Court Kochi Flat Owners

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Telangana High Court Pulls Up State Government for Failing to Control Dengue Crisis - 27.09.2019

Telangana High Court has pulled up the State Government and warned it of serious consequences for failing to control the menace in a month’s time. The Court was displeased with the measures taken up by the Health Department and Greater Hyderabad Municipal Corporation and asked them to take all the necessary measures required to tackle the crisis.

Tags : Telangana High Court Dengue Crisis

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NGT: Make Rules for Regulation of Banquet Halls - 26.09.2019

National Green Tribunal (NGT) has directed the Delhi Government to formulate guidelines pertaining to the regulation of banquet halls across the city, while stating that violation of environmental norms has an adverse effect on public health.

Tags : NGT Banquet Halls

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Supreme Court Sets Aside Insolvency of Jignesh Shah's Firm La-Fin Financial Services - 26.09.2019

Supreme Court has set aside an order of the National Company Law Tribunal (NCLT) and National Company Law Appellate Tribunal (NCLAT), thereby quashing the insolvency proceedings against Jignesh Shah and Pushpa Shah’s La-Fin Financial Services.

Tags : Supreme Court Jignesh Shah

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KHC: Person Arrested Authorized to Move for Bail Though he was not Produced Before Magistrate - 26.09.2019

Karnataka High Court(KHC) has directed a Magistrate to entertain a bail plea and pass appropriate orders as per law. The Court observed that it goes without saying that if a person was arrested and not produced before the Jurisdictional Court he was entitled to maintain a petition under Section 437 of the Code of Criminal Procedure, 1973 before the Magistrate.

Tags : KHC Bail

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Delhi High Court: CBI can be Asked to Provide Crime File Only in Exceptional Circumstances - 26.09.2019

Delhi High Court has clarified that the Central Bureau of Investigation was not required to furnish Final Report-Part 1 unless the facts warrant exceptional circumstances. The Court noted that access to the Report could not be made in ordinary course as it was an internal document of the said investigation agency.

Tags : Delhi High Court CBI

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