6 May 2024

Search Results for Tag : Action

International Cases

Court is empowered to make an order for pre-action discovery on basis that, Defendant has possession of information that will assist Plaintiff’s case(26.06.2019)

The Plaintiffs have applied for orders for pre-action discovery pursuant to Order 26A Rule 3 of the Rules of the Supreme Court 1971 (RSC). The first .....

Tags : Pre-action discovery, Documents, Discretion

Top Story

Government bans cash transactions above Rs. 3 Lacs w.e.f. 1st April 2017(01.02.2017)

The Union Government in its the budget for the Year 2017-2018 has yet again cracked the whip on black money by declaring that all cash transactions ov.....

Tags : Cash transaction, Limit

Government bans cash transactions above Rs. 3 Lacs w.e.f. 1st April 2017(01.02.2017)

The Union Government in its the budget for the Year 2017-2018 has yet again cracked the whip on black money by declaring that all cash transactions ov.....

Tags : Cash transaction, Limit

RBI directs daily reporting of individual transactions by banks under the Liberalised Remittance Scheme (LRS)(12.04.2018)

In order to improve monitoring and to ensure compliance with the LRS limits, RBI has decided to put in place a daily reporting system by authorised de.....

Tags : Scheme, Transaction, Daily Reporting

Government E-Marketplace Records Four-Fold Increase in Total Value of Transactions in 2018-2019(15.04.2019)

Government e-Marketplace (GeM), the national public procurement portal has closed the FY 2018-2019 on a high note. The year witnessed a four-fold incr.....

Tags : GeM, Transactions, Increase

Ministry of Electronics and Information Technology notifies the incentive scheme for promotion of RuPay Debit cards and low-value BHIM-UPI transactions (P2M)(17.12.2021)

The Union Cabinet, chaired by the Prime Minister has approved an incentive scheme to promote RuPayDebit cards and low-value [uptoRs. 2,000) BHIM-UPI t.....

Tags : Digital transaction, Promotion, Scheme

SEBI notifies simplified norms for processing investor’s service requests by RTAs and norms for furnishing PAN, KYC details and nomination(17.11.2023)

The Securities and Exchange Board of India (SEBI) vide its Circular No. SEBI/HO/MIRSD/POD-1/P/CIR/2023/181 dated November, 17, 2023, has simplified th.....

Tags : SEBI, Registrars’ Association of India, Benami Transactions (Prohibitions) Act, 1988, Prevention of Money Laundering Act, 2002

RBI imposes restriction on Mastercard from on-boarding new domestic customers(14.07.2021)

The Reserve Bank of India (RBI) has imposed restrictions on Mastercard Asia / Pacific Pte. Limited (Mastercard) from on-boarding new domestic customer.....

Tags : Supervisory action, Restrictions, Mastercard

News

RBI Relaxes Reporting Requirement of NEFT Transactions(18.03.2016)

Reserve Bank of India (RBI) has said it is discontinuing provision where banks had to submit data pertaining to NEFT (National Electronic Fund Transfe.....

Tags : Reserve Bank of India, NEFT Transactions

Allahabad HC Directs U.P. DGP to Take Action Against Policemen Involved in Injuring Students(25.02.2020)

Allahabad High Court has directed the Uttar Pradesh Director General of Police (DGP) to identify and take action against the policemen who were involv.....

Tags : Allahabad High Court, Action Against Policemen, Citizenship Amendment Act, 2019

Delhi High Court Issues Notice to Centre Over Green Nod for Central Visa(25.02.2020)

Delhi High Court has issued notices to the Centre and the Central Public Works Department asking them to respond to the plea seeking that no environme.....

Tags : Delhi High Court, Action Against Policemen, Green Nod for Central Visa

Delhi High Court Orders Police to Take Action Against Four BJP Leaders(27.02.2020)

Delhi High Court has said that it would not allow a repeat of the 1984 anti-Sikh riots and has directed the Delhi Police Special Commissioner to take .....

Tags : Delhi High Court, Action Against Four BJP Leaders

SC: Cause of Action to Plaintiff to File Suit Accrues When There is a Threat to Infringe Right(02.03.2020)

Supreme Court has observed that cause of action to a Plaintiff to file a suit accrues when there is a clear and unequivocal threat to infringe a right.....

Tags : Supreme Court, Cause of Action to Plaintiff

SC: Disciplinary Action Against Employee for Conviction in Criminal Case Not Barred(02.03.2020)

Supreme Court has reiterated that disciplinary action against an employee for conviction in a criminal case is not barred due to the suspension of sen.....

Tags : Supreme Court, Disciplinary Action Against Employee

RBI Revises Norms for 'When issued' Security(11.12.2015)

Reserve Bank of India (RBI) in order to encourage trading in ‘When Issued’ transactions in government securities, has allowed banks to take short posi.....

Tags : Reserve Bank of India , ‘When Issued’ transactions

Kar HC to MEA: Make Diplomatic Interaction to Avoid Any Prejudice to Indian Convicted in Saudi Arabia(28.06.2023)

Karnataka High Court has directed Ministry of External Affairs (MEA) to cause diplomatic level interaction so that the Indian Citizen concerned will n.....

Tags : Karnataka High Court, MEA, Diplomatic Interaction

Kar HC: Educational Institutions Must Recognize & Reconsider Malady of Harsh Disciplinary Actions(28.06.2023)

Karnataka High Court while observing that harsh discipline is closely linked to internalizing mental problems of a child and lowering the child’s cogn.....

Tags : Karnataka High Court, Educational Institutions, Harsh Disciplinary Actions

US Supreme Court Rules Against Affirmative Actions in College Admission Process(30.06.2023)

United States Supreme Court has struck down affirmative action policies in student admissions programs at Harvard University and the University of Nor.....

Tags : United States Supreme Court, Affirmative Actions, Admission

HP HC Orders Action Against Officials Who Failed to Prevent Illegal Dumping of Muck in Forest Areas(06.07.2023)

Himachal Pradesh High Court has ordered disciplinary action against government officials for their failure to prevent the illegal dumping of muck in f.....

Tags : Himachal Pradesh High Court, Illegal Dumping, Forest, Disciplinary Action, Officials

SC Allows Tamil Nadu Government to Use Floors of Hospital Facing Demolition Action(28.05.2020)

Supreme Court has allowed Tamil Nadu Government to use the floors of a hospital facing a demolition action on the ground of unauthorized construction .....

Tags : Supreme Court, Hospital Facing Demolition Action

Karnataka High Court Directs RGUHS to Take Action Against Delinquent Examiners(24.03.2022)

Karnataka High Court has directed the Rajiv Gandhi University of Health Sciences (RGUHS) to take action against delinquent examiners, taking note of i.....

Tags : Karnataka High Court, Action Against Delinquent Examiners

Delhi HC Constitutes Committee to Prepare Graded Action Plan for Post Lockdown Functioning(23.04.2020)

Delhi High Court has constituted a Committee to create a Graded Action Plan for meeting challenges that may appear when the courts move towards normal.....

Tags : Delhi High Court, Graded Action Plan

Delhi HC Temporarily Restrains 6 PSU Banks from Taking Coercive Action Against Company(29.04.2020)

Delhi High Court has temporarily injuncted 6 Public Sector Units banks from taking any coercive action against Eastman Auto Limited for defaults arisi.....

Tags : Delhi High Court, Coercive Action, PSU Banks

Madras High Court Strikes Down Section 32(2) Of Benami Transaction Act as Unconstitutional(05.04.2022)

Madras High Court has declared that Section 32(2) of the Prohibition of Benami Property Transactions Act, 1988 as unconstitutional and directed the go.....

Tags : Madras High Court, Section 32(2) of the Prohibition of Benami Property Transactions Act, 1988, unconstitutional.

SC: Action Instituted u/s 31 Specific Relief Act is Arbitrable as It is Not Action in Rem(21.08.2020)

Supreme Court has held that an action instituted under section 31 of the Specific Relief Act, 1963 is not an action in rem, but an action in personam,.....

Tags : Supreme Court, Action Instituted u/s 31 Specific Relief Act

ITAT: Onus to Prove Authenticity of Loan Transactions is on Assessee(25.05.2022)

Income Tax Appellate Tribunal (ITAT), Raipur bench has held that if AO doubts the authenticity of loan transactions, then, the onus is upon the assess.....

Tags : ITAT, Loan Transaction, Assessee, Onus

ITAT: Currency Derivative Can be Treated As An Eligible Transaction U/S 43(5)(30.05.2022)

Income Tax Appellate Tribunal, Delhi has observed that currency derivatives can be treated as eligible transactions under Section 43(5) of the Income .....

Tags : Income Tax Appellate Tribunal, transactions

Parliament Passes Benami Transactions Bill and Institutes of Technology Bill(03.08.2016)

Parliament has passed the Benami Transactions (Prohibition) Amendment Bill, 2016 and the Institutes of Technology (Amendment) Bill, 2016.

Tags : Parliament, Benami Transactions (Prohibition) Amendment Bill, 2015 , the Institutes of Technology (Amendment) Bill- 2016

Karnataka HC: Arbitration Relating Third Parties and Leading to Other Proceedings Inarbitrary(29.04.2022)

Karnataka High Court has held that reference of a dispute to arbitration cannot be permitted if it would lead to splitting up of the cause of action a.....

Tags : Karnataka High Court, cause of action, arbitration

Transaction Can’t Be Treated As Bogus Merely Based On Report Of Investigation Wing: ITAT(13.09.2018)

Jaipur bench of ITAT has held that a transaction cannot be treated as bogus only on the basis of the report of Investigation Wing.

Tags : NCLT, Bogus Transactions

ITAT, Bangalore: Corporate Guarantee Falls Within Ambit of International Transaction(19.04.2022)

Income Tax Appellate Tribunal, Bangalore has observed that corporate guarantee falls within the extent and ambit of international transaction and Arm’.....

Tags : Income Tax Appellate Tribunal, Arm’s Length Price, international transaction

SC Permits Interaction of Party-In-Person with Registrar Through Video Conferencing Mode(13.07.2020)

Supreme Court has issued a circular permitting the interaction of Party-in-Person with the Registrar through Video Conferencing mode also.

Tags : Supreme Court, Interaction of Party-In-Person with Registrar

NCLAT: NCLT Doesn't Have Power to Classify Transaction As Preferential Transaction(16.05.2022)

National Company Law Appellate Law Tribunal, has observed that NCLT does not have the power to suo-moto classify a transaction as a Preferential Trans.....

Tags : National Company Law Appellate Law Tribunal, Section 44, Insolvency and Bankruptcy Code, 2016, Preferential Transaction

Kerala HC Directs Strict Action against Those Discarding Garbage in Drains(20.05.2022)

Kerala High Court has directed the Secretary of the Cochin Corporation to initiate strict action against those dumping garbage into canals and drains,.....

Tags : Kerala High Court, Strict Action, Roads and Canals

Karnataka HC Notices State Government over Illegal Sand Extraction(17.10.2016)

Karnataka High Court has issued notices to State government and three private contractors on a Public Interest Litigation, which complained about alle.....

Tags : Karnataka High Court, illegal sand extraction

Groundwater Extraction: Madras High Court Directs Tamil Nadu Not to Grant Licenses for Commercial Use(04.10.2018)

Madras High Court has upheld the orders of State government imposing certain restrictions on extraction of groundwater for commercial purposes by esta.....

Tags : Madras High Court, Ground Water Extraction

Karnataka HC Quashes CBSE Action Against Class-XII Student(12.10.2020)

Karnataka High Court has observed that a tender student, even when the delinquency is established, cannot be treated as the offender of the war crime,.....

Tags : Karnataka High Court, CBSE Action Against Class-XII Student

Rajasthan HC: Concrete Action Plan is Required From State to Curb Child Labour Activities(08.06.2022)

Rajasthan High Court while hearing PIL to institutionalise effective machinery and mechanism for rescue and post rescue rehabilitation of all child la.....

Tags : Rajasthan High Court, Child Labour, Action Plan

Bombay HC: Arbitration Clause Cannot be Defeated by Adding Cause of Action Beyond its Scope(13.04.2020)

Bombay High Court has held that a litigant cannot be permitted to defeat an arbitration agreement by adding a cause of action in the suit which is not.....

Tags : Bombay High Court, Cause of Action Beyond Arbitration Clause's Scope

Judgments

Subjective satisfaction of Detaining Authority and consequent detention order vitiated as it was based on possibility of Petitioner's husband applying for bail again(31.05.2017)

In present writ petition, challenge is to order of detention passed by Joint Secretary to Government of India against husband of Petitioner directing .....

Tags : Detention, Subjective satisfaction, Validity

Delhi HC: Existence of Cause of Action Cannot be Equated with Merits of Suit Filed(12.04.2022)

Delhi High Court has observed that existence of the cause of action cannot be equated with the merits of the suit filed.

Tags : Delhi High Court, cause of action

NCLT, Chennai: No Conflict Among Prohibition of Benami Property Transaction Act and IBC, 2016(06.05.2022)

National Company Law Tribunal, Chennai has ruled that there is no conflict between the Prohibition of Benami Property Transaction Act, 1988 and the In.....

Tags : National Company Law Tribunal, Prohibition of Benami Property Transaction Act, 1988, Insolvency and Bankruptcy Code, 2016, attachment of property

Govt Notifies Graded Response Action Plan to Fight Air Pollution in National Capital(17.01.2017)

Ministry of Environment has notified a Graded Response Action Plan to fight air pollution in Delhi-National Capital Region area, which means that Nati.....

Tags : Ministry of Environment, Graded Response Action Plan

Supreme Court Appointed Panel Calls For Tough Action to Tackle Poor Air Quality in Delhi NCR(23.01.2017)

Supreme Court appointed Environment Pollution (Prevention and Control) Authority (EPCA) has asked officials to immediately enforce Graded Response Act.....

Tags : Supreme Court, Environment Pollution (Prevention and Control) Authority, Graded Response Action

SC Declares Section 3(2) of Benami Transactions Prohibition Act as Unconstitutional(23.08.2022)

Supreme Court has held that Section 3(2) of the Benami Transactions (Prohibition) Act 1988 as unconstitutional on the ground of being manifestly arbit.....

Tags : Supreme Court, Benami Transaction, Unconstitutional

Guj. HC: Infraction of Law Not Done in Systematic Manner, Not Sufficient for Preventive Detention(29.08.2022)

Gujarat High Court has held that commission of infraction of law, not done in an organized or systematic manner, may not be sufficient for the detaini.....

Tags : Gujarat High Court, Preventive Detention, Infraction of Law

No person has right to enter into Benami transaction, except if, property is purchased in the name of wife or unmarried daughter(01.08.2018)

In instant case, Opposite Party filed title suit against the Petitioner in respect of disputed land for declaration that the Petitioner is Farzidar an.....

Tags : Declaration, Benami Transactions, Right

Mere fact that, complaint relates to a commercial transaction or breach of contract for which a civil remedy is available is not by itself a ground to quash criminal proceedings(11.01.2019)

Criminal Miscellaneous application is for quashing the order rejecting the petition filed for discharge of the Petitioner. The allegation against the .....

Tags : Commercial transaction, Breach, Proceedings, Quashing

Orissa HC to State: Draw Up 'Comprehensive Action Plan' to Address Issue of Maternal Deaths(04.11.2022)

Orissa High Court while awarding Rs. 10 Lakh compensation to family over woman’s maternal death has directed the State to constitute an Advisory Board.....

Tags : Orissa High Court, Maternal Death, Action Plan

NCDRC: Bank Liable for Fraudulent Online Transaction if Account Holder's Fault Not Proved(11.01.2021)

National Consumer Disputes Redressal Commission (NCDRC) has held that in case of fraudulent transactions leading to withdraw of money from a person's .....

Tags : National Consumer Disputes Redressal Commission, Fraudulent Online Banking Transaction

Kar. HC: Bank Can Initiate Criminal Action if A/C Declared Fraud, Even After Invoking SARFAESI Act(04.10.2022)

Karnataka High Court has held that Central Bureau of Investigation (CBI) can investigate complaint registered by a bank against company and its direct.....

Tags : Karnataka High Court, SARFAESI, Criminal Action

J&K HC Pulls Up Investigating Agencies for Delay in Action in Serious Cases(23.10.2020)

Jammu and Kashmir High Court has pulled up the investigating agencies in the Union Territory for "sleeping over" criminal cases registered years ago, .....

Tags : Jammu and Kashmir High Court, Delay in Action in Serious Cases

ITAT: Forex Transaction to Hedge Foreign Currency Risk is Not Speculative(10.08.2022)

Income Tax Appellate Tribunal (ITAT), Chandigarh Bench while allowing deduction, has held that the Forex transaction to hedge foreign currency risk is.....

Tags : ITAT, Forex Transaction, Hedge Foreign Currency

ITAT: Domestic Transaction from a Related Party is Not a Specified Domestic Transaction(10.08.2022)

Income Tax Appellate Tribunal (ITAT), Mumbai Bench has held that a domestic transaction from a related party is not a specified domestic transaction u.....

Tags : ITAT, Income-Tax, domestic Transaction

An order of transfer passed in lieu of punishment is illegal and cannot be sustained(10.10.2019)

By the instant petition, the Petitioner, who was initially appointed as Stenographer Gr-I in the year 2005 and with successive promotions was appointe.....

Tags : Transfer, Punitive action, Legality

On mere suspicion, addition for unexplained Cash Credit cannot be made(05.03.2020)

In facts of present case, the assessee is son of Shri Madhukar Rathi. The assessee filed his return of income declaring total income of Rs.56,10,180. .....

Tags : Transaction, Genuineness, Additions, Legality

Allahabad HC Bars Amethi Police from Taking Coercive Action Against Interfaith Couple(15.01.2021)

Allahabad High Court has barred Amethi police from taking any coercive action against an interfaith couple in a three-year-old case being investigated.....

Tags : Allahabad High Court, Coercive Action Against Interfaith Couple

Delhi HC Stays Trial Court Order Recommending SHO's Suspension Over Poor Conduct In POCSO Case(16.09.2022)

Delhi High Court has stayed a Trial Court order recommending suspension of SHO of Kalkaji Police Station and also calling for strict disciplinary acti.....

Tags : Delhi High Court, POCSO, Disciplinary Action

Madras HC: Acquittal from Trial Court Provides No Immunity from Departmental Proceedings(28.11.2016)

Madras High Court has ruled that a person’s acquittal of criminal charges by a Trial Court does not provide them with immunity from Departmental Actio.....

Tags : Madras High Court, Departmental Action, Trial Court

MP HC Upholds Restrictions on Merchanting Trade Transactions as Per Import/ Export Policy(17.11.2020)

Madhya Pradesh High Court has held that once import/ export of a particular product is barred by the Government, the question of permitting 'Merchanti.....

Tags : Madhya Pradesh High Court, Restrictions on Merchanting Trade Transactions

SC: Legitimate Disciplinary Action Against Student Does Not Amount to Abetment of Suicide(25.11.2022)

Supreme Court has held that a college's professor and management could not be held liable for abetment of suicide under Section 306 of Indian Penal Co.....

Tags : Supreme Court, Disciplinary Action, Abetment of Suicide

CBDT: Now File Statement of Financial Transaction at Tin Facilitating Centers(02.06.2017)

Central Board of Direct Taxes (CBDT) has enabled filing of Statement of Financial Transaction (SFT) at Tin Facilitating Centers (TIN-FC).

Tags : Central Board of Direct Taxes, Statement of Financial Transaction, Tin Facilitating Centers

In absence of complete cause of action for declaring election of returned candidate to be void, election petition is to be summarily dismissed without trial(11.02.2020)

Present election petition filed under Section 80 read with Section 100(1) of the Representation of the People Act, 1951 challenges the election of the.....

Tags : Non-compliance, Provisions, Cause of action, Absence

The onus is always on the Assessee to substantiate with evidence to the satisfaction of the AO that cash credit is genuine(18.08.2020)

The Assessee is a society engaged in the business of manufacturing of soap. It filed its return of income on 31st August, 2010 declaring the total inc.....

Tags : Transaction, Genuineness, Additions

SC: Contempt Actions Against EPFO for Execution of Employees Pension Proportional to Salary Barred(04.03.2021)

Supreme Court has barred all courts from taking up contempt petitions against the Employees Provident Fund Organization (EPFO) and the Central Governm.....

Tags : SC, Contempt Actions

ITAT Delhi Allows Addition Since Share Transactions are Sham Transactions to evade Tax(27.06.2019)

Income Tax Appellate Tribunal (ITAT) has allowed an addition by finding that the share transaction leading to long term capital gain were actually sha.....

Tags : ITAT Delhi, Sham Transactions

Gauhati HC to State: Compensate People Affected by Illegal Bulldozer Action(05.01.2023)

Gauhati High Court in suo moto proceedings has directed Assam government to take appropriate decision for compensating the persons affected by the ill.....

Tags : Gauhati High Court, Suo Moto, Compensation, Bulldozer Action

Karnataka HC Upholds Order Banning Sand Extraction from Rivers During Rainy Seasons(19.05.2021)

Karnataka High Court has upheld the order of the Department of Mines and Geology prohibiting sand extraction from rivers during rainy season, observin.....

Tags : Karnataka High Court, Order Banning Sand Extraction from Rivers

SC: Armed Forces Personnel Liable to Face Disciplinary Action for Adultery(01.02.2023)

Supreme Court Constitution Bench has held that striking down of Section 497 of IPC which criminalized adultery will not impact court martial proceedin.....

Tags : Supreme Court, Constitution Bench, Adultery, Armed Forces, Disciplinary Action

Top Pvt Banks Slap Charges on Cash Transactions, Caps Free Transactions(02.03.2017)

Banks including HDFC, ICICI, Axis began charging a minimum amount of Rs 150 per transaction for cash deposits and withdrawals beyond four free transac.....

Tags : Banks, Cash Transactions

SC: Acts of Accused Must be Proximate to Occurrence for Conviction Under Section 306 IPC(13.10.2022)

Supreme Court has held that positive action proximate to the time of suicide on the part of the accused which led or compelled the deceased to commit .....

Tags : Supreme Court, Suicide, Proximate Action

Burden is upon the Assessee to prove identity of the creditor, creditworthiness of the creditors and genuineness of the transaction(23.09.2020)

The Assessee is a company and filed return of income showing loss of Rs.35,53,560. The Assessing Officer, (AO) noted that, in assessment year under ap.....

Tags : Genuineness, Transaction, Deletion, Legality

Collusive or sham transactions with a corporate debtor will not amount to "financial debt" within the meaning of the Insolvency and Bankruptcy Code 2016(IBC)(01.02.2021)

CIRP has been initiated against the Corporate Debtor on an application filed by an Operational Creditor under section 9 of Insolvency and Bankruptcy C.....

Tags : Financial Debt, Collusive or sham transactions

Genuineness of property transaction cannot be doubted merely because thumb impression was affixed instead of signature(17.08.2021)

Present appeal arises out of the judgment and order of the High Court whereby the appeal filed by the probate applicant was allowed in his favour by c.....

Tags : Genuineness, Property Transaction, Thumb Impression

SC Asks Centre to Put in Place National Action Plan to Combat Drug Abuse Amongst Children(14.12.2016)

Supreme Court has asked Centre to formulate a National Action Plan to combat drug abuse amongst children.

Tags : Supreme Court, National Action Plan, drug abuse, children

Patna High Court Calls for Action Taken Report from Bihar Government Within 4 Weeks(30.10.2020)

Patna High Court recently asked the State Government to file a status report regarding filling up the posts of Sub-Inspectors and Constables in the St.....

Tags : Patna High Court, Action Taken Report from Bihar Government

Bombay HC: Mere Repayment of Loan Amount ‘No Ground’ For Quashing Cheating Case(29.03.2017)

Bombay High Court has held that re-payment of loan amount will not have any adverse effect on a criminal prosecution and observed that offences involv.....

Tags : Bombay High Court, banking and loan transactions

J&K&L HC: Satisfaction of Detaining Authority Must be Based on Scrutiny of Police Report(09.11.2022)

Jammu and Kashmir and Ladakh High Court has held that in absence of material supporting allegations or specifying details of incident, it can’t be hel.....

Tags : Jammu and Kashmir and Ladakh High, Satisfaction, Police Order

RBI Eases Authentication Rules for Online Card Transactions(07.12.2016)

Reserve Bank of India (RBI) has removed two-factor authentication for online card transactions involving sums up to Rs2,000 in a move aimed at simplif.....

Tags : Reserve Bank of India, Online Card Transactions

Government Waives Service Tax on Card Transactions of up to Rs 2000(08.12.2016)

Government has exempted card payments up to Rs 2,000 from Service Tax in its efforts to make cashless economy a reality.

Tags : Government, Service Tax , Card Transactions

Gujarat HC Directs SIC to Take Action Against Officer Under RTI(15.09.2020)

Gujarat High Court has directed the State Information Commissioner to initiate proceedings under Section 20 of the Right to Information Act, 2005 agai.....

Tags : Gujarat High Court, Action Against Officer

Transfer pricing adjustment should be restricted only to the international transactions and not the entity level transactions(01.08.2022)

In facts of present case, the assessee filed its return declaring loss of Rs.1.55 crore. Certain international transactions were reported in Form No.3.....

Tags : Assessment, Transfer pricing, International Transaction

When borrower is aggrieved by any of the actions of the bank for which the borrower has remedy under the SARFAESI Act, no writ petition should be entertained(08.08.2022)

The Petitioner, who stood as a guarantor to a loan facility, is aggrieved with the recovery action initiated by the bank, against the borrower and him.....

Tags : Recovery action, Initiation, Legality

Del. HC Allows Unvaccinated Teacher to Resume Duties After AIIMS Says 'At Risk of Allergic Reaction'(26.09.2022)

Delhi High Court has directed a private school in Delhi to allow an unvaccinated teacher to re-join duties after AIIMS concluded that he was at a high.....

Tags : Delhi High Court, COVID-19, Allergic Reaction, Vaccine

AP HC: Satisfaction of Detaining Authority Necessary for Preventive Detention as Per Triple Test(21.03.2023)

Andhra Pradesh High Court although the person in question was accused of serious offenses, if the necessary satisfaction as per the triple test i.e. s.....

Tags : Andhra Pradesh High Court, Detaining Authority, Satisfaction, Preventive Detention, Triple Test

Karnataka HC Directs BBMP to Submit Action Plan for Removal of Potholes(10.02.2021)

Karnataka High Court has directed the Bruhat Bengaluru Mahanagara Palike (BBMP), to submit an action plan for removal of potholes on a priority basis .....

Tags : Karnataka High Court, Action Plan for Removal of Potholes

Patna HC: Healthcare System Seems to be Moving Aimlessly in Absence of Action Plan(04.05.2021)

Patna High Court has observed that in the absence of an action plan, the healthcare system in Bihar qua COVID-19 appeared to be moving aimlessly in th.....

Tags : Patna High Court, Absence of Action Plan

Mere Financial Assistance to Buy Property can't be Termed Benami Transaction: SC(10.04.2019)

Supreme Court has observed that mere financial assistance to buy a property cannot be the sole determinative factor/circumstance to hold the transacti.....

Tags : Supreme Court, Benami Transactions

Calcutta HC: Only Erroneous Actions of RO Interfering with Election Process Amenable to Scrutiny(15.03.2021)

Calcutta High Court has ruled that only such erroneous actions of Returning Officer, which would have the effect of interfering in the free flow of th.....

Tags : Calcutta High Court, Erroneous Actions of Returning Officer

Burden is on the assessee to establish identity, creditworthiness and genuineness of the transaction for sum credited in the books of accounts to the satisfaction of the Assessing Officer(10.08.2022)

The assessee is an individual, who has not filed return under Section 139 of the Income Tax Act, 1961 (IT Act). Search and seizure operation under Sec.....

Tags : Assessment, Transaction, Genuineness

Assessable value for the related party sales can be established by referring to the normal price under Section 4(1)(a) of the Central Excise Act(05.12.2022)

The present Civil Appeal originates from the impugned order passed by the Customs, Excise and Service Tax Appellate Tribunal, Chandigarh (“CESTAT”). T.....

Tags : Transactions, Valuation, Method

SC Dismisses PJ Joseph's Challenge Against Allotment of 'Two Leaves' to Mani Faction(15.03.2021)

Supreme Court has dismissed the petition filed by Kerala Congress leader PJ Joseph challenging the Kerala High Court judgments which upheld the Electi.....

Tags : Supreme Court, Allotment of 'Two Leaves' to Mani Faction

JKL HC: Cause of Action Not Generated Merely by Repeated Representation(07.03.2023)

Jammu and Kashmir and Ladakh High Court has held that Cause of Action can’t be generated merely by making repeated representations to the concerned au.....

Tags : Jammu and Kashmir and Ladakh High Court, Cause of Action, Repeated Representation

SC: Facts Relevant for Grant of Relief Gives Rise of Cause of Action(15.03.2023)

Supreme Court while explaining concept of cause of action under Article 226 of Constitution, has observed that only those facts, which are relevant to.....

Tags : Supreme Court, Cause of Action, Facts

Madras HC Directs Authorities to Permit Interaction Between Advocates and Inmates(28.05.2021)

Madras High Court has directed the authorities at all correctional homes to permit interaction between advocates representing the inmates and the rele.....

Tags : Madras High Court, Interaction Between Advocates and Inmates

Supreme Court Stays Coercive Action Against Telugu Channels in FIRs for Sedition(31.05.2021)

Supreme Court has stayed coercive action against two Telugu channels - TV5 news and ABN Andhra Jyoti- in the FIRs registered by Andhra Pradesh police .....

Tags : Supreme Court, Coercive Action Against Telugu Channels

Government Tweaks Startup Definition, Allows SIAP Benefit to Business Not Older Than 7 Years(26.05.2017)

Government has introduced minor changes to the startup definition, saying a business not older than seven years will now qualify for benefits under St.....

Tags : Startup India Action Plan, startup

On mere recording of the inventory in the books of accounts, the transaction in question would not become stock in trade(04.05.2023)

The Revenue has preferred the present appeal feeling aggrieved and dissatisfied with the impugned judgment passed by the High Court by which, the High.....

Tags : Assessment, Addition, Transaction

Difference between sales tax charged and NPV paid not includible as transaction value(06.10.2015)

Distinguishing three judgments of the Supreme Court that the difference between amounts collected by Assessee from its customers as sales tax and the .....

Tags : excise, sales tax, net present value, transaction value

For exercise of the power under Section 319 of Cr. PC, the evidence on record must show the involvement of a person in the commission of a crime(02.06.2023)

Present appeal, by special leave, takes exception to an order of the High Court. The impugned order dismissed an appeal filed by the Appellant under S.....

Tags : Summoning order, Power, Requisite satisfaction

Govt Extends Due Date for Filing Statement of Financial Transaction to June 30(01.06.2017)

Central Government has extended last date for filing Statement of Financial Transaction (SFT) Returns to 30th June 2017.

Tags : Central Board of Direct Taxes, Financial Transaction

CBDT Issues Interim Action Plan for FY 2021-22(21.06.2021)

Central Board of Direct Taxes (CBDT) has issued the interim action plan for financial year 2021-22.

Tags : CBDT, Action Plan

HP HC Directs State Not to Take Coercive Action Against Zee News Journalist(07.06.2021)

Himachal Pradesh High Court has directed the State police not to take any coercive action against Zee News Journalist booked for conducting a 'reality.....

Tags : Himachal Pradesh High Court, Coercive Action Against Zee News Journalist

Allahabad HC Dismisses PIL for Action Against Politicians Involved with Vikas Dubey(23.06.2021)

Allahabad High Court has dismissed with cost, a Public Interest Litigation seeking directions to the Uttar Pradesh Government for taking action on the.....

Tags : Allahabad High Court, Action Against Politicians Involved with Vikas Dubey

Delhi High Court to Govt: Form Action Plan to Make Delhi Crime-Free for Women(01.08.2019)

Delhi High Court has observed while comparing the city to Mumbai where “women can walk freely in the night” then why can’t the Capital be safe for wom.....

Tags : Delhi High Court, Action Plan

SC Explains Acquittal Does not Ipso Facto Exonerate Delinquent from Disciplinary Action(05.08.2019)

Supreme Court has ruled that acquittal by the Court of competent jurisdiction in a judicial proceeding does not ipso facto absolve the delinquent from.....

Tags : SC, Disciplinary Action

Every act of assault or injury to specific persons does not lead to public disorder(07.12.2017)

By filing instant petition under Article 226 of the Constitution of India, the Petitioner prays to issue a writ of mandamus or any other appropriate w.....

Tags : Detention, Validity, Subjective satisfaction

Suit seeking damages for illegal use of property is maintainable, even after, filing of suit for possession against the same property(30.11.2023)

Challenge in the present appeal is to the order passed by the High Court, vide which the application filed by the Appellants/Defendants under Order VI.....

Tags : Subsequent suit, Cause of action, Maintainability

To constitute civil contempt, it must be established that disobedience is wilful, deliberate and with full knowledge of consequences(19.05.2020)

The grievance in present petitions is about non¬-compliance of direction given to the Respondent¬-Food Corporation of India to regularise and departme.....

Tags : Contempt action, Initiation, Grounds

To have territorial jurisdiction at Delhi, whole or part of cause of action would have to accrue at Delhi(19.12.2016)

Present writ petition impugns orders passed by Respondent/Central Bank of India/ employer whereby Petitioner has been inflicted punishment of dismissa.....

Tags : Proceedings, Jurisdiction, Cause of action

SC Refuses to Accept Argument That Speaker Has Authority to Take Action Against LDF MLAs(16.07.2021)

Supreme Court has refused to accept the Kerala government’s argument that the Speaker, and not the police, has the authority to take action against th.....

Tags : Supreme Court, Action Against LDF MLAs

RBI Permits Residents to Conduct Foreign Currency-Rupee Swaps Transactions with Multilateral Bodies(06.11.2015)

Reserve Bank of India (RBI) has permitted domestic entities to conduct foreign currency-rupee swaps with multilateral agencies and allow hedging of lo.....

Tags : RBI, Foreign Currency-Rupee Swaps Transactions

NGT Irks over Expenditure of Money Being Spent Without Any Success in Cleaning Ganga(09.11.2015)

National Green Tribunal (NGT) has irked over huge amounts of money being spent without any success in cleaning the Ganga and sought to know if Ministr.....

Tags : National Green Tribunal , Ganga Action Plans

Supreme Court: Courts can Hinder with Administrative Actions only if it Suffers from Illegality(18.09.2019)

Supreme Court has clarified that while exercising its powers of judicial review of administrative action, Courts should not interfere with the adminis.....

Tags : Supreme Court, Administrative Actions

Delhi HC Seeks Response from Facebook on Plea for Action Against Impersonation(30.07.2021)

Delhi High Court has sought a response from Facebook in a plea of breach of privacy and impersonation, which takes on the social media platforms. The .....

Tags : Delhi High Court, Facebook, Action Against Impersonation

Cal. HC: Acquiring Property in Name of Wife is Not Benami Transaction(09.06.2023)

Calcutta High Court has held that if a husband supplies the consideration money for acquiring property in the name of his wife, such fact does not nec.....

Tags : Calcutta High Court, Benami Transaction, Wife

Delhi HC: Occurrence of Cause of Action Determining Factor to Attract Jurisdiction of Court(09.07.2021)

Delhi High Court has reiterated that the occurrence of cause of action at a place is a determining factor both under section 20 of the Code of Civil P.....

Tags : Delhi High Court, Occurrence of Cause of Action

Supreme Court: Decree Against Plaintiff by Default Bars New Suit on Same Cause of Action(10.09.2019)

Supreme Court has ruled that the decree against Plaintiffs by default bars fresh suit on the same cause of action by their successors in title. The Co.....

Tags : Supreme Court, Cause of Action

SC: Genuineness of Transaction Cannot Be Doubted Merely Because Thumb Impression Affixed(18.08.2021)

Supreme Court has observed that genuineness of property transaction cannot be doubted merely because thumb impression was affixed instead of signature.....

Tags : Supreme Court, Genuineness of Property Transaction

Karnataka HC Directs State to Take Action Against Illegal Building Permissions Granted(08.09.2021)

Karnataka High Court has directed the State Government to take action against persons in authority, who granted "illegal permissions" in respect of va.....

Tags : Karnataka High Court, Action Against Illegal Building Permissions Granted

ITAT Erases Addition by TPO on Transaction of Rendering Marketing Services of Channel Placement Right(23.01.2020)

Income Tax Appellate Tribunal (ITAT), Mumbai has deleted the addition by Transfer Pricing Officer on the ground that the transaction of rendering mark.....

Tags : Income Tax Appellate Tribunal, Addition on Transaction of Rendering Marketing Services

For levy of service tax, a specific amount has to be agreed between service recipient and service provider(27.11.2018)

The Appellant 'Premium Real Estate Developers', New Delhi is a partnership firm and is in the business of real estate trade. The issue involved in thi.....

Tags : Transaction, Tax, Levy

Number of transactions, not number of documents for stamp duty(11.08.2015)

In a case where the mortgagor borrowed from 13 banks in one instrument, the agreement fell under Section 5 of the Gujarat Stamp Act, 1958, the Court h.....

Tags : stamp duty, number of transactions, one instrument

Transaction which is recorded in defiance of prohibitory order shall have to be branded as illegal, if not void(10.03.2017)

In facts of present case, Petitioner is objecting to decision rendered by Debts Recovery Appellate Tribunal. Petitioner is purchaser of flat. The flat.....

Tags : Deed, Transaction, Validity

Any transaction done with respect to the assets of the Corporate Debtor/Corporate Applicant after imposition of moratorium is invalid(26.03.2021)

The present Appeal is filed against the Order passed by the National Company Law Tribunal, Hyderabad (Adjudicating Authority), whereby the Adjudicatin.....

Tags : Imposition, Moratorium, Transaction

Every act of assault or injury to specific persons does not lead to public disorder(28.11.2016)

By way of present petition under Article 226 of the Constitution of India, Petitioner prays to issue a writ of mandamus or any other appropriate writ,.....

Tags : Detention, Subjective satisfaction, Validity

A tax on sale or purchase of goods includes a tax for transfer of right to use goods(04.12.2019)

The question involved in the appeal is whether it is open to the State of Karnataka to levy Sales Tax in view of the Time Charter Agreement dated 8th .....

Tags : Agreement, Transaction, Tax, Levy

Punjab and Haryana High Court Strikes Down Punjab Action Plan Clauses(28.01.2020)

Punjab and Haryana High Court has struck down Clauses 1 to 3 of The Punjab Action Plan, 2014, which provided summary eviction procedure for eviction f.....

Tags : Punjab and Haryana High Court, Punjab Action Plan Clauses

SC: In case of Unjust Executive Action, Courts must Interfere in Election Process(08.09.2023)

Supreme Court has held that in cases where issues crop up, indicating unjust executive action or an attempt to disturb a level-playing field between c.....

Tags : Supreme Court, Election Process, Executive Actions, Unjust

Kerala High Court: Banks Cannot Make Customer Pay for Fraudulent Online Transaction(18.10.2019)

Kerala High Court has held that banks cannot recover the money withdrawn through fraudulent online transactions from cash credit and overdraft account.....

Tags : Kerala High Court, Online Transaction

All. HC: Can’t Refuse Anticipatory Bail Merely Over Non-Payment of Money Under a Contract(03.08.2023)

Allahabad High Court while observing that it is becoming a general practice to set criminal law into motion for putting pressure on parties to commerc.....

Tags : Allahabad High Court, Anticipatory Bail, Non-Payment, Commercial Transaction

Allahabad HC: Purely Punitive Action Shouldn’t be Taken Against Students(07.08.2023)

Allahabad High Court has observed that purely punitive action taken by the University against a student, to the exclusion of opportunities to reform h.....

Tags : Allahabad High Court, Punitive Action, Student

JKL HC: Subjective Satisfaction of Detaining Authority Doesn’t Deprive Court to Review its Orders(25.08.2023)

Jammu and Kashmir and Ladakh High Court has held that although subjective satisfaction cannot be interfered normally by the court but at the same time.....

Tags : Jammu and Kashmir and Ladakh High Court, Detaining Authority, Subjective Satisfaction

Kerala HC Says Police Can Take Action Against Students Who Disrupt Classes(06.01.2016)

Kerala High Court has allowed police to take action against students who disrupt classes in colleges and universities in the name of strikes.

Tags : Kerala High Court , Action Against Students, Police

CCI Issues Combination Regulations to Streamline Norms for M&A Filings(13.01.2016)

Competition Commission of India (Procedure in regard to the transaction of business relating to combinations) Amendment Regulations, 2016, has been no.....

Tags : Competition Commission of India (Procedure in regard to the transaction of business relating to combinations) Amendment Regulations, 2016

ITAT: Single Transaction of Buying and Selling of Shares Can’t be Treated as Business Activity(29.09.2021)

Income Tax Appellate Tribunal (ITAT), Chennai has held that a single transaction of buying and selling of shares cannot be treated as a business acti.....

Tags : Income Tax Appellate Tribunal, Single Transaction of Buying and Selling of Shares

Delhi HC Seeks Response in Plea Seeking Action Plan to Control Dengue Outbreak(10.11.2021)

Delhi High Court has sought response of the Delhi Government and the North Delhi Municipal Corporation in a plea seeking an action plan to control the.....

Tags : Delhi High Court, Action Plan to Control Dengue Outbreak

All. HC: Assessee Must Prove Transaction Beyond Doubt to Claim ITC(20.10.2023)

Allahabad High Court has held that onus is to be discharged by the assessee to prove and establish beyond doubt the actual transaction and physical mo.....

Tags : Allahabad High Court, Input Tax Credit, Transaction

Preventive detention order can be passed if activities of the detenue are dangerous to the maintenance of public order(21.08.2017)

By way of present writ petition under Article 226 of the Constitution of India, the Petitioner prays to issue a writ of mandamus or any other appropri.....

Tags : Detention, Subjective satisfaction, Legality

Transactions valued below minimum circle rate to be registered(23.12.2015)

The Delhi High Court disposed of petitions against a government order purporting to take away the Registering Officer’s discretion to register propert.....

Tags : Stamp act, minimum circle value, transaction value

Provision of hostel facilities to nurses so as to facilitate better medical care is a positive duty enjoined upon hospital and cannot be linked to any commercial activity(14.11.2019)

In present matter, the Appellant’s case is that Respondent No. 1/Opposite Party No. 1 had developed two buildings ‘Madhuvan’ with thirty two ‘1 BHK’ f.....

Tags : Complaint, Maintainability, Transaction, Nature

Karnataka High Court Restrains Police from Taking Coercive Action Against Them Till Nov 9(28.10.2021)

Karnataka High Court has directed the state government to not take any coercive steps against Bhavit Sheth and Harsh Jain, the Founders and Directors .....

Tags : Karnataka High Court, Coercive Action Against Dream 11

Madras HC Directs State to Take Action Against Noise Pollution, Building Violations(01.11.2021)

Madras High Court has directed the State authorities to take appropriate actions to ensure that noise pollution or violations of building rules on acc.....

Tags : Madras High Court, Action Against Noise Pollution, Building Violations

Kerala HC Disposes Of PIL Seeking Directions to Take Action for Proper Solid Waste Management(24.09.2021)

Kerala High Court has disposed of a Public Interest Litigation (PIL) seeking directions to the concerned authorities to initiate immediate action for .....

Tags : Kerala High Court, Action for Proper Solid Waste Management

Calcutta HC Publishes Action Plan for Judicial Officers to Reduce Pendency of Cases(11.08.2021)

Calcutta High Court has published an 'Action Plan' for judicial officers in order to reduce the pendency of cases in subordinate judiciary. The Action.....

Tags : Calcutta High Court, Action Plan for Judicial Officers

Madras HC: Onus to Prove Genuineness of Transaction Solely Lies on Assessee(01.09.2021)

Madras High Court has held that the onus to prove the genuineness of transaction solely lies on the assessee, mere statutory approvals do not sanctify.....

Tags : Madras High Court, Genuineness of Transaction

Madras HC: Benami Transactions (Prohibition) Amendment Act, 2016 Can Be Applied Retrospectively(06.09.2021)

Madras High Court has opined that in respect of the benami transactions entered into prior to the Benami Transactions (Prohibition) Amendment Act, 201.....

Tags : Madras High Court, Benami Transactions (Prohibition) Amendment Act, 2016

Madras HC Directs State to File Report on Action Taken by Police Against Lockdown Violators(06.04.2020)

Madras High Court has asked the State Government to file a report on lockdown violations and the action taken by the Police against such violators, wi.....

Tags : Madras High Court, Police Action, Lockdown Violation

Election Commission Recognizes Ajit Pawar Faction As The Official Nationalist Congress Party(07.02.2024)

Election Commission of India while recognizing the Ajit Pawar faction as the official Nationalist Congress Party has held that Ajit Pawar faction will.....

Tags : Election Commission of India, Ajit Pawar Faction, Nationalist Congress Party

CBDT Issues New Income Tax Reporting Norms for High Value Transactions(04.01.2016)

Central Board of Direct Taxes (CBDT) has notified norms under which cash receipts and high value transactions beyond a certain threshold will have to.....

Tags : Central Board of Direct Taxes, High Value Transactions

RBI Extends Availability of Relaxed Terms for Securitisation Transactions by NBFCs to June 30, 2020(02.01.2020)

Reserve Bank of India has extended the availability of relaxed terms for securitisation transactions or sale of assets by non-bank lenders to banks to.....

Tags : RBI, Securitisation Transactions

SC: Heightened Caution Must be Exercised By Police When Dispute Involves Unethical Transactions(20.02.2024)

Supreme Court has observed that ‘heightened’ caution must be exercised by the police while registering cases that involve the dispute of unethical tra.....

Tags : Supreme Court, Heightened Caution, Unethical Transactions

All. High Court Explains ‘Prima Facie Satisfaction’ of Magistrate Before Summoning/Issuing Process(21.02.2024)

Allahabad High Court has observed that the Magistrate before summoning/issuing process against an accused has to hold an enquiry under Section 202 of .....

Tags : Allahabad High Court, Section 202 of CrPC, Prima Facie Satisfaction

SC: Courts Should Aim at Restituting Affected Person Alongwith Setting Aside Arbitrary Admin. Action(22.02.2024)

Supreme Court has stated that the primary duty of constitutional courts remains the control of power, including setting aside of administrative action.....

Tags : Supreme Court, Administrative Actions, Control of Power

Madras High Court Restrains Coercive Action Against Digital Media Platforms Under IBDF(08.12.2021)

Madras High Court has restrained the Central Government from taking any coercive action under the Information Technology Rules 2021, against digital m.....

Tags : Madras High Court, Coercive Action Against Digital Media Platforms

Equalisation Levy of 6 % to Come in Force from Tomorrow(31.05.2016)

Equalisation levy of 6 per cent on services pertaining to cross border digital transactions will come into effect from June 1.

Tags : Equalisation levy , cross border digital transactions

Supreme Court: Farmer Entering into Buyback Transaction with Seed Company is 'Consumer'(11.03.2020)

Supreme Court has held that a farm is a 'consumer' for filing complaints under the Consumer Protection Act, 1986 even when he has entered into a buyba.....

Tags : Supreme Court, Farmers, Buyback Transaction

Allahabad HC Directs UP Bar Council to Take Disciplinary Action Against Striking Lawyers(17.02.2022)

Allahabad High Court has directed the Uttar Pradesh Bar Council to take disciplinary action against striking lawyers at Uttar who continuously abstain.....

Tags : Allahabad High Court, Disciplinary Action Against Striking Lawyers

Lok Sabha Passes Benami Transactions Amendment Bill(28.07.2016)

Lok Sabha has passed the Benami Transactions Amendment Bill with the new legislation having provisions for confiscating 'benami' (proxy) assets.

Tags : Lok Sabha , Benami Transactions Amendment Bill

Allahabad HC Directs Govt Not to Initiate Any Recoveries/ Coercive Action Till April 6(19.03.2020)

Allahabad High Court has directed the Uttar Pradesh Government not to take any coercive action against any individual that may force them to approach .....

Tags : Allahabad High Court, Coercive Action

Jharkhand HC Advises State to Refrain from Coercive Actions Against Individuals(23.03.2020)

Jharkhand High Court has advised the State authorities not to take any coercive actions against any individual to cut down litigation and consequent c.....

Tags : Jharkhand High Court, Coercive Action against Individuals

Raj. HC: Coercive Action Stayed Against Magistrate Who Allegedly Asked Rape Victim to Strip(10.04.2024)

Rajasthan High Court has stayed coercive action against a Judicial Magistrate who has been accused of asking a rape victim to strip and show her injur.....

Tags : Rajasthan High Court, Judicial Magistrate, Rape Victim, Coercive Actions

SC: Sale/Gift of Vehicle Shall Not be Invalidated on Mere Failure of Transfer Vehicle Registration(11.04.2024)

Supreme Court has observed that the sale/gift transaction will not get invalidated merely on the ground that there has been a failure to get a transfe.....

Tags : Supreme Court, Vehicle Registration, Gift Transaction, Sale Transaction

Bombay HC to ASG: Find Out Exact Rate at Which Securities Transaction Tax Should be Collected(24.08.2018)

Bombay High Court has told the Additional Solicitor General (ASG) to take instructions from the Central Board of Direct Tax by August 28 on the exact .....

Tags : Bombay High Court, Additional Solicitor General, Central Board of Direct Tax, Securities Transaction Tax

SC Restrains Govt from Taking Coercive Action Against Employers for Not Paying Salaries(18.05.2020)

Supreme Court has restrained the Government from taking coercive action against employers who don’t pay workers their entire salary during the lockdow.....

Tags : Supreme Court, Coercive Action Against Employers

ITAT, Mumbai: LTCG on Penny Stock Transaction Cannot be Denied Exemption(15.03.2022)

Income Tax Appellate Tribunal, Mumbai has ruled that long term capital gains arising from a penny stock transaction cannot be denied exemption under t.....

Tags : Income Tax Appellate Tribunal, LTCG on Penny Stock Transaction

SEBI Clarifies Regarding Transactions in Mutual Funds Facilitated by Online Platforms(16.03.2022)

Securities and Exchange Board of India has clarified regarding transactions in mutual funds facilitated by online platforms. The Board has said paymen.....

Tags : Securities and Exchange Board of India, Transactions in Mutual Funds

Notifications & Circulars

Online Statement Of Transaction (e-SOT) and the e-PRAN card launched for Atal Pension Yojana (APY) subscribers(25.04.2017)

With a view to digitally empower the Atal Pension Yojana (APY) subscribers and improve the quality of service, the facility of online viewing of the s.....

Tags : Pension Yojana, Online Statement, Transaction, Launch

CBDT notifies transactions for which the condition of chargeability to STT for claiming exemption under Section 10(38) of the Income Tax Act, 1961 shall not apply(06.06.2017)

Section 10(38) of the Income-tax Act, 1961 ('the Act'), prior to its amendment by Finance Act, 2017 provided that the income arising by way of a trans.....

Tags : Transaction, Exemption, Claim

Indian Advance Pricing Agreement regime moves forward with signing of four Advance Pricing Agreements(04.09.2017)

The Central Board of Direct Taxes (CBDT) has entered into 4 more Advance Pricing Agreements (APAs) during August, 2017. Out of these 4 Agreements, 3 a.....

Tags : Agreements, Signing of, International transactions

Income Tax Department steps-up actions under Prohibition of Benami Property Transactions Act : Benami properties of more than Rs. 3,500 crore in more than 900 cases attached(11.01.2018)

Due to intensive efforts undertaken by the Income Tax Department, provisional attachment has been made in more than 900 cases of properties under the .....

Tags : Actions, Benami Property, Attachment

TRAI releases Draft "The Telecommunication Mobile Number Portability Per Port Transaction Charge and Dipping Charge (Amendment) Regulations, 2017"(18.12.2017)

1. The Telecom Regulatory Authority of India (TRAI) has today issued Draft "The Telecommunication Mobile Number Portability Per Port Transaction Charg.....

Tags : Number, Portability, Transaction Charge, Dipping Charge

Commerce Minister interacts with FPOs on Agri Export Policy(26.02.2019)

Union Minister of Commerce and Industry, Suresh Prabhu, held an interaction with Farmer Producers' Organizations (FPOs) through video link in 81 locat.....

Tags : FPOs, Interaction, Agri Export Policy

Centre to launch Neighborhood Action Plan in cities for better Solid Waste Management(24.09.2017)

Stressing that the country can't be made clean without fixing the garbage problem in Delhi that has reached crisis proportion, Minister of Housing & U.....

Tags : Action Plan, Solid Waste Management, Launch

TRAI releases "Telecommunication Mobile Number Portability Per Port Transaction Charge and Dipping Charge (Second Amendment) Regulations, 2019(01.10.2019)

The Telecom Regulatory Authority of India (TRAI) has issued "Telecommunication Mobile Number Portability Per Port Transaction Charge and Dipping Charg.....

Tags : Transaction Charge, Dipping Charge, Regulations

Enhancment of Security of Card Transactions(15.01.2020)

1. Over the years, the volume and value of transactions made through cards have increased manifold. To improve user convenience and increase the secur.....

Tags : Enhancement, Security, Card Transactions

Reporting and Accounting of Central Government Transactions of March, 2020(17.03.2020)

1. Please refer to Circular DGBA.GBD.No.2394/42.01.029/2018-19 dated March 20, 2019 advising the procedure to be followed for reporting and accounting.....

Tags : Transactions, Reporting, Procedure

Transaction in Corporate Bonds/Commercial Papers through RFQ platform and enhancing transparency pertaining to debt schemes(22.07.2020)

1. In order to enhance the transparency and disclosure pertaining to debt schemes and investments by mutual funds in Corporate Bonds/Commercial Papers.....

Tags : Transaction, Corporate Bonds, Transparency

Reporting Platform for OTC Derivatives - Transactions undertaken by IFSC Banking Units (IBUs) and non-deliverable derivative contracts (involving Rupee or otherwise)(18.05.2020)

1. In terms of A.P. (DIR Series) circular no.23 dated March 27, 2020, banks in India having an Authorised Dealer Category-1 license under FEMA, 1999, .....

Tags : OTC Derivatives, Transactions, IBUs

National Marine Turtle Action Plan launched(28.01.2021)

Considering the need to have a conservation paradigm for marine mega fauna and marine turtles, the Ministry of Environment Forest and Climate Change (.....

Tags : Action Plan, Launch

Introduction of legal entity identifier for large value transactions in centralised payment systems(05.01.2021)

1. The Legal Entity Identifier (LEI) is a 20-digit number used to uniquely identify parties to financial transactions worldwide. It was conceived as a.....

Tags : Introduction, Legal Entity Identifier, Transactions

Annual Closing of Government Accounts - Transactions of Central / State Governments - Special Measures for the Current Financial Year(16.03.2017)

The Government of India has desired that all government transactions with banks must be accounted for within the same financial year and has requested.....

Tags : Transaction, Accounts, Closing

Reporting and accounting of Central Government transactions of March 2021(18.03.2021)

1. Please refer to Circular DGBA.GBD.No.1744/42.01.029/2019-20 dated March 17, 2020 advising the procedure to be followed for reporting and accounting.....

Tags : Reporting, Accounting, Transactions

Plan of action by the Government to stabilise GDP(16.03.2021)

Fiscal Deficit for the Financial Year 2021-22 is estimated at 6.8 per cent in BE 2021-22. This was stated by Shri Anurag Singh Thakur, Union Minister .....

Tags : Action plan, GDP

Annual Closing of Government Accounts - Transactions of Central / State Governments - Special Measures for the current financial year (2020-2021)(25.03.2021)

1. All government transactions done by agency banks for Financial Year 2020-21 must be accounted for within the same financial year. Accordingly, the .....

Tags : Annual Closing, Government Accounts, Transactions

Enhancement to tokenisation of card transactions(07.09.2021)

The Reserve Bank of India (RBI) has today announced the following enhancements to the extant framework on card tokenisation services:

a. t.....

Tags : Enhancement, Tokenisation, Card transactions

Financial Action Task Force High risk and other monitored jurisdictions(16.11.2021)

The Financial Action Task Force (FATF), vide public document 'High-Risk Jurisdictions subject to a Call for Action' dated October 21, 2021, has called.....

Tags : Financial Action, Task Force, Jurisdictions

Transaction in Corporate Bonds through Request for Quote platform by Portfolio Management Services(09.12.2021)

1. In order to enhance transparency pertaining to debt investments by Portfolio Management Services (PMS) in Corporate Bonds (CBs) and to increase liq.....

Tags : Transaction, Corporate Bonds, Management Services

Customer due diligence for transactions in virtual currencies(31.05.2021)

1. It has come to our attention through media reports that certain banks/ regulated entities have cautioned their customers against dealing in virtual.....

Tags : Customer, due diligence, Transactions

Notification of specified financial transactions as an activity for the purposes of Section 2(1)(vi)(sa) of PMLA, 2002(03.05.2023)

In exercise of the powers conferred by sub-clause (vi) of clause (sa) of sub-section (1) of section 2 of the Prevention of Money-laundering Act, 2002 .....

Tags : Financial transactions, Relevant person, Activity

Status of March 31, 2024 for Government transactions through integration with e-Kuber(03.10.2023)

1. The 'e-Kuber' which is the Core Banking Solution platform of RBI for Government and other payments does not process any Government transactions on .....

Tags : Transactions, Integration, E-Kuber

Action against Bank of Baroda under section 35A of the Banking Regulation Act, 1949(10.10.2023)

The Reserve Bank of India has, in exercise of its power, under section 35A of the Banking Regulation Act, 1949, directed Bank of Baroda to suspend, wi.....

Tags : Bob world, application, Action

Minimum amount for repatriating ACU transaction amounts reduced(26.05.2016)

Minimum amounts and multiple in which the Reserve Bank of India will receive and pay for funding or repatriating excess liquidity in the Asian Clearin.....

Tags : asian clearing union, transactions, minimum, multiple

Last date for filing of updated returns (ITR-U) for A.Y. 2021-22 (i.e. for F.Y. 2020-21) is 31.03.2024(04.03.2024)

The Income Tax Department receives information of specified financial transactions of taxpayers from various sources. To increase transparency and to .....

Tags : Submission, Updated ITRs, Financial transactions

Supervisory action against Kotak Mahindra Bank Limited under Section 35A of the Banking Regulation Act, 1949(24.04.2024)

The Reserve Bank of India has today, in exercise of its powers under Section 35A of the Banking Regulation Act, 1949, directed Kotak Mahindra Bank Lim.....

Tags : Supervisory Action,New customers, On-boarding

Firm and Decisive Government Action taken to preserve value and assets of IL and FS(01.10.2018)

IL&FS, incorporated in 1987, is a large Systemically Important Non-Deposit Accepting Core Investment Company (CIC-ND-SI). It has numerous infrastructu.....

Tags : Assets, Preservation, Decisive Action

Directions on charging of fees for transactions settled on Immediate Payment Service and Unified Payments Interface(21.12.2016)

In line with the Central Government's objective of promotion of payments through cards and digital means over payments in cash, the Reserve Bank of In.....

Tags : Direction, Transaction, Fees

RBI Clarification on Banks under Prompt Corrective Action(05.06.2017)

The Reserve Bank of India has come across some misinformed communication circulating in some section of media including social media, about the Prompt.....

Tags : Corrective action, Framework, Clarification

Guidelines for computing exposure for counterparty credit risk arising from derivative transactions(10.11.2016)

Please refer to the paragraph 4 of the Statement on Developmental and Regulatory Policies issued by RBI on October 4, 2016. It was indicated therein t.....

Tags : Derivative transactions, credit risk, Guidelines

Transaction in Corporate Bonds through Request for Quote (RFQ) platform by Alternative Investment Funds (AIFs)(01.02.2023)

1. To increase the liquidity on RFQ platform of stock exchanges and to enhance the transparency and disclosure pertaining to trading in secondary mark.....

Tags : Transaction, Corporate Bonds, RFQ

Revised Guidelines for Ground Water Extraction Notified(13.12.2018)

In order to comply with various directions of the Hon'ble NGT and to address various shortcomings in the existing guidelines of ground water extractio.....

Tags : Ground Water, Extraction, Guidelines

Digital Payment Transactions - Streamlining QR Code infrastructure(22.10.2020)

1.Reserve Bank had constituted a Committee (Chairperson : Prof Deepak Phatak) to review the current system of Quick Response (QR) Codes in India and s.....

Tags : Digital Payment, Transactions, QR Code

Charges on digital transactions(11.04.2017)

Digital financial transactions are a part of the Government's strategy to create histories of transactions, including the associated credit, and there.....

Tags : Digital transactions, Charges, Levy

Annual Closing of Government Accounts - Transactions of Central / State Governments - Special Measures for the Current Financial Year (2018-19)(28.03.2019)

With a view to providing greater convenience to tax payers, as in previous years, it has been decided that RBI Offices and all designated branches of .....

Tags : Government Accounts, Annual Closing, Transactions of

Reporting and Accounting of Central Government transactions of March 2021 - Change of date of closure(07.04.2021)

1.This is with reference to Circular DGBA.GBD.No.S-140/42.01.029/2020-21 dated March 18, 2021 where in the date of closure for reporting residual tran.....

Tags : Reporting, Accounting, Transactions

Enforcement action in respect of statutory auditors of commercial banks(03.06.2019)

RBI vide its Press Release dated June 29, 2018 had put in place an enforcement action framework in respect of statutory auditors for the lapses in the.....

Tags : Statutory auditors, Commercial banks, Enforcement action

Reserve Bank of India Outlines action plan to implement the Banking Regulation (Amendment) Ordinance, 2017(22.05.2017)

In a Release today, the Reserve Bank of India outlined the steps taken and those on the anvil post the promulgation of the Banking Regulation (Amendme.....

Tags : Amendment, Action plan, Implementation

Transactions in Government securities by Foreign Portfolio Investors: Reporting(07.06.2021)

1. Over the counter (OTC) transactions in Government securities (including State Development Loans and Treasury Bills) undertaken by market participan.....

Tags : Transactions, Government securities, FPI

Participation of Mutual funds in repo transactions on Corporate Debt Securities(08.06.2023)

1. SEBI vide circular no. CIR/IMD/DF/19/2011 dated November 11, 2011 and CIR/IMD/DF/23/2012 dated November 15, 2012 allowed mutual funds to participat.....

Tags : Participation, Mutual funds, Repo transactions

Rules regarding quoting of PAN for specified transactions amended(15.12.2015)

To bring a balance between burden of compliance on legitimate transactions and the need to capture information relating to transactions of higher valu.....

Tags : Permanent account number, black money, transactions

Reporting of Transactions by agency banks to RBI(30.11.2017)

It has been brought to our notice that some agency banks are reporting government transactions after considerable delay and along with the current tra.....

Tags : RBI, Agency Banks, Transactions

Settlement of Export/ Import transactions in currencies without direct exchange rate(04.02.2016)

The Reserve Bank of India has permitted AD Category-I banks to settle import and export transactions where invoicing is in a freely convertible curren.....

Tags : Export, import, transaction, direct exchange rate

Tokenisation - Card Transactions : Extending the scope of permitted devices(25.08.2021)

1. We invite reference to our circular DPSS.CO.PD No.1463/02.14.003/2018-19 dated January 08, 2019 on "Tokenisation - Card transactions", permitting a.....

Tags : Tokenisation, Card Transactions, Permitted Device

Securities Transaction Tax (1st Amendment), Rules, 2022(18.01.2022)

In exercise of the powers conferred section 114 of the Finance (No. 2) Act, 2004, (23 of 2004), the Central Government hereby makes the following rule.....

Tags : Rules, Amendment, Securities Transaction Tax

Coverage on export transactions to Russia not withdrawn: Export Credit Guarantee Corporation of India(28.02.2022)

Export Credit Guarantee Corporation of India (ECGC) has clarified that the coverage on export transactions to Russia has not been withdrawn. It has be.....

Tags : Coverage, Export transactions, ECGC

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