Search Results for Tag : Business
International Cases
A landlord’s hypothec comes into effect the moment rent is in arrears, and is enforceable against the debtor immediately(29.01.2024)
The Appellant, Ergomode (Pty) Limited (Ergomode), instituted legal proceedings by way of notice of motion in the Mpumalanga Division of the High Court.....
Tags : Business rescue, Hypothec, Perfection
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Once a business rescue plan is accepted, it will be implemented by the business rescue practitioner on the terms stipulated therein(28.04.2023)
The issue before the Supreme Court was whether in business rescue proceedings, Section 153(4) of the Companies Act, 2008 is to be applied after a bind.....
Tags : Business rescue, Proceedings, Offer
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Location of conduct of business of company quintessential to jurisdiction(11.11.2015)
Hearing a petition against the prejudicial conduct of business by a stakeholder in the company, the Hong Kong High Court gave rather a long stretch to.....
Tags : Jurisdiction, location, conduct of business, incorporation
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Top Story
Finance Minister announces GST exemption for businesses with an annual turnover of up to Rs 40 lakh(24.08.2020)
The Finance Minister said that now, the businesses with an annual turnover of up to Rs 40 lakh are GST exempt. Earlier, this limit was Rs 20 lakh. In .....
Tags : Exemption, GST, Businesses
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News
RBI Allows Financial Institutions to Conduct Business in Indian National Rupee in IFSC(20.01.2020)
Reserve Bank of India has allowed the Financial Institutions to conduct businesses in Indian National Rupees in International Financial Services Centr.....
Tags : Reserve Bank of India, Financial Institutions, Business in Indian National Rupee
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ITAT: Normal Business Advances Not in Nature of ‘Loan’ are Not Deemed Dividend(21.01.2020)
Income Tax Appellate Tribunal, Delhi has held that the transaction where advance is received in the normal course of business and which is not taken a.....
Tags : Income Tax Appellate Tribunal, Business Advances, Deemed Dividend
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CESTAT: IILM Business School Liable to Pay Service Tax on MBA, PGP Programme(27.01.2020)
Central Excise and Service Tax Tribunal (CESTAT), Ahmedabad has held that as the service provided by Institute for Integrated Learning in Management (.....
Tags : Customs Excise and Service Tax Appellate Tribunal, IILM Business School
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SC Declines Petition Challenging Privacy Policy for Whatsapp Business Accounts(05.02.2021)
Supreme Court has declined to entertain a petition by Confederation of All India Traders against the new privacy policy for business accounts of socia.....
Tags : Supreme Court, Whatsapp Business Accounts Privacy Policy
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SC: Criminal Action Can’t be Taken u/s 5(1) COTPA Against Persons Not Engaged in Tobacco Business(17.01.2024)
Supreme Court has held that criminal action under Section 5 of the Cigarettes and Other Tobacco Products (Prohibition of Advertisement and Regulation .....
Tags : Supreme Court, COTPA, Tobacco Business
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CCI Rejects Unfair Business Practices Allegation against Picasso Digital(26.10.2016)
Competition Commission of India (CCI) has rejected allegations of unfair business practices made against Picasso Digital Media saying matter is relate.....
Tags : Competition Commission of India, unfair business practices, Picasso Digital Media
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Delhi HC Asks Delhi Govt to Seek Instructions on Businessman Navneet Kalra's Plea(20.07.2021)
Delhi High Court has asked the Delhi Government to seek instructions on pleas filed by businessman Navneet Kalra challenging the order cum show cause .....
Tags : Delhi High Court, Businessman Navneet Kalra
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ITAT: Reasonableness of Expenses to be Judged from Angle of Businessman Rather Than from Angle of AO(17.06.2022)
Income Tax Appellate Tribunal (ITAT) Delhi bench, has held that reasonableness of expenses to be judged from the angle of the businessman rather than .....
Tags : ITAT, Assessing Officer, Businessman
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Madras HC: Royalty Income Not Relatable to Export Business Excludable from Business Profit(23.06.2022)
Madras High Court has upheld the exclusion of royalty income from business profits for calculation of deduction under Section 80HHC of Income-Tax Act,.....
Tags : Madras High Court, Royalty Income, Business Profit
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Delhi HC Issues Notice on Plea Filed by Two Businessman Acquitted in Forgery Case(20.08.2021)
Delhi High Court has issued notice on a plea filed by two businessmen acquitted in a forgery case, invoking their right to be forgotten and seeking re.....
Tags : Delhi High Court, Two Businessman Acquitted in Forgery Case
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ITAT: Income from Cricket Betting is Business Income(12.07.2022)
Income Tax Appellate Tribunal (ITAT), Ahmedabad bench has upheld addition of Income from Cricket Betting as Business Income.
Tags : ITAT, Cricket Betting, Business Income
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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
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Madras HC Commutes Death Sentence Imposed on Former Professor of Business Administration(31.08.2021)
Madras High Court has commuted to life, the death sentence imposed on a former professor of business administration for having murdered his wife at an.....
Tags : Madras High Court, Death Sentence Imposed on Former Professor of Business Administration
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Del. HC: Can’t Deny Any Person with Disability to Carry on Any Trade or Business(15.09.2023)
Delhi High Court has held that it would be wholly retrograde, and in derogation of the constitutional guarantees under Articles 14, 19 & 21, to deny t.....
Tags : Delhi High Court, Disability, Trade or Business
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Del. HC: Can’t Deny Any Person with Disability to Carry on Any Trade or Business(15.09.2023)
Delhi High Court has held that it would be wholly retrograde, and in derogation of the constitutional guarantees under Articles 14, 19 & 21, to deny t.....
Tags : Delhi High Court, Disability, Trade or Business
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CIC Recommends Action Against RTI Activist for Misuse of Law(21.04.2016)
Central Information Commission (CIC) has recommended action against an RTI applicant for misusing the law to harass his colleagues in Bhai Parmanand I.....
Tags : Central Information Commission , Bhai Parmanand Institute of Business Studie
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Calcutta HC: Cancellation of GST Registration of Businesses Causes Revenue Loss to Government(16.11.2021)
Calcutta High Court has observed that cancellation of GST registration of businesses on hyper technical grounds causes revenue loss for the State and .....
Tags : Calcutta High Court, Cancellation of GST Registration of Businesses
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Supreme Court Imposes Rs 86 Lakh Fine on Businesswomen for Failing to Return India(21.12.2016)
Supreme Court has imposed a penalty of Rs 86 lakh on a businesswoman, facing charges of cheating, forgery and criminal breach of trust, for failing to.....
Tags : Supreme Court, cheating, forgery, criminal breach of trust, Businesswomen
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Karnataka High Court Imposes Rs 10 Lakh Cost on Petition Filed Over Business Feud(22.09.2021)
Karnataka High Court has imposed an exemplary cost of Rs 10 lakh on a PIL petitioner, a fish supplying agent, for filing a petition against a fishmeal.....
Tags : Karnataka High Court, Petition Filed Over Business Feud
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Securities and Exchange Board of India Notifies Simplified Norms for Ease of Doing Business(08.11.2021)
Securities and Exchange Board of India (SEBI) has notified as an ongoing measure to enhance the ease of doing business for investors in the securities.....
Tags : Securities and Exchange Board of India, Simplified Norms for Ease of Doing Business
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Delhi HC Quashes Defamation Case Against Mitali Saran and Business Standard Over RSS Article(02.03.2021)
Delhi High Court has quashed the defamation complaint filed against newspaper Business Standard, its editorial Director A.K. Bhattacharya and journali.....
Tags : Delhi High Court, Mitali Saran, Business Standard
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Delhi Court Issues Summons Against Business of Carrying Forward Trading in Cryptocurrencies(22.12.2021)
Delhi Court has issued summons in a suit filed against the business of carrying forward trading in cryptocurrencies in the Country, without any statut.....
Tags : Delhi Court, Business of Carrying Forward Trading in Cryptocurrencies
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All. HC: Businessman Doing Business Activities Within Slum Can’t Be Called a Slum Dweller(28.02.2024)
Allahabad High Court has held that a businessman by taking possession of a piece of land from slum dwellers and by illegally raising business construc.....
Tags : Allahabad High Court, Slum Dweller, Business Construction
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Madhya Pradesh HC: Right to Run Business Cannot Be Taken Away Without Due Process of Law(10.04.2017)
Madhya Pradesh High Court has held that fundamental right of a firm to run a business cannot be taken away without following due process of law.
Tags : Madhya Pradesh High Court, Right to Run Business
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SC: No Presumption That Business Run by Karta in Tenented Premise is Joint Family Asset(08.04.2021)
Supreme Court has held that just because a business was run by a karta of a Hindu Undivided Family in a tenented premise, there is no presumption that.....
Tags : Supreme Court, Business Run by Karta
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Madras HC: Compensation for Refraining from Carrying Out Competitive Business is Capital Receipt(08.04.2021)
Madras High Court has dismissed the appeal of the revenue and has held that the Compensation received for refraining from carrying on competitive busi.....
Tags : Madras High Court, Compensation for Refraining from Carrying Out Competitive Business
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Bombay High Court: License for Carrying Catering Business Mandatory(09.08.2018)
Bombay High Court has upheld the vires of Section 394 of Mumbai Municipal Corporation Act of 1888 and ruled that a license under the provision is mand.....
Tags : Bombay High Court, Catering Business
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Honorarium Paid to Chairman of Govt Company is Business Expenditure: ITAT(13.07.2018)
Delhi bench of Income Tax Appellate Tribunal in has held that honorarium paid to Chairman of a Government Company is allowable as business expenditure.....
Tags : Income Tax, Business Expenditure
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ITAT, Bangalore: Unascertained Business Loss Cannot be Allowed as Deduction(09.03.2022)
Income Tax Appellate Tribunal, Bangalore has ruled that unless the recovery of embezzled amount in the course of business was impossible, it could not.....
Tags : Income Tax Appellate Tribunal, Unascertained Business Loss
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ITAT: Unascertained Liability Cannot be Allowed as Embezzlement Losses in Computing Business Income(10.03.2022)
Income Tax Appellate Tribunal (ITAT), Bangalore has held that the embezzlement loss stated by the assessee is not ascertained liability and hence cann.....
Tags : Income Tax Appellate Tribunal, Embezzlement Losses, Business Income
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Supreme Court: Service Tax cannot be Levied on Chit Fund Business(10.07.2017)
Supreme Court has categorically held that chit fund business are not subject to service tax as it was not covered by sub-clause (v) of sub-section 12 .....
Tags : Supreme Court, Chit Fund Business
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SEBI Notifies New Disclosure Norms on Business Responsibility and Sustainability Reporting(12.05.2021)
Security and Exchange Board of India (SEBI) has notified the new disclosure norms pertaining to Business responsibility and sustainability reporting b.....
Tags : Securities and Exchange Board of India, Business Responsibility and Sustainability Reporting
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AAR, Gujarat: RTC Attracts 18% GST for Enabling GTA for Door to Door Delivery of Parcels(05.04.2022)
Authority for Advance Ruling, Gujarat has observed that Gujarat State Road Transport Corporation for enabling goods transport authority for door to do.....
Tags : Authority for Advance Ruling, Gujarat State Road Transport Corporation, 18% GST, Business Support Services
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CCI Approves Pramerica's Acquisition of Deutsche MF Business(10.11.2015)
Competition Commission of India (CCI) has approved acquisition of Deutsche Bank's asset management business in India by global fund house Pramerica As.....
Tags : Competition Commission of India , Deutsche MF Business, Pramerica Asset Managers Pvt Ltd.
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ITAT, Delhi: No Penalty on Receiving Cash Loan from Family Members to Meet Business Exigency(18.04.2022)
Income Tax Appellate Tribunal, Delhi has observed that the penalty under sections 271D and 271E of the Income Tax Act, 1961 cannot be leviable on rece.....
Tags : Income Tax Appellate Tribunal, Cash loan, Business Exigency
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ITAT, Delhi: Suppression in Net Sales as Business Income, Can’t be Treated As Deemed Income(19.04.2022)
Income Tax Appellate Tribunal, Delhi has ruled that the income surrendered for suppression in the net sales shall be assessable as Income from Busines.....
Tags : Income Tax Appellate Tribunal, Suppression in Net Sales, Business Income
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SC: If Actions of Cabinet Committee are Validated by CoM, Rules of Business Not Violated by State(24.04.2023)
Supreme Court has held that when Cabinet Sub-Committee is merely acting on behalf of entire Council of Ministers (CoM), then it cannot be claimed that.....
Tags : Supreme Court, Cabinet Committee, Council of Ministers, Rules of Business
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AAR, Maharashtra: Professional Services Regarding Mining Operations Attract 18% GST(06.04.2022)
Authority of Advance Ruling (AAR ), Maharashtra has observed that professional, technical, and business services with regard to mining operations attr.....
Tags : Authority of Advance Ruling, Maharashtra, professional, technical, business services, 18% GST, mining operations
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CESTAT, Bangalore Quashes Demand of Service Tax for Promotion of IPL Team(06.04.2022)
Customs, Excise and Service Tax Appellate Tribunal, Bangalore has held that the promotional activities by Anil Kumblein, former Indian skipper to carr.....
Tags : Customs, Excise and Service Tax Appellate Tribunal, promotional activities, Anil Kumblein, advertising, Business Auxilliary Services, no service tax
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SC: Loss on Confiscation of Smuggled Items by DRI Officials Not ‘Business Loss’(27.04.2023)
Supreme Court has held that loss claimed by the assessee on account of confiscation of smuggled items by the Customs department, can’t be treated as ‘.....
Tags : Supreme Court, Smuggled Items, Business Loss
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ITAT Delhi: Rent from Fit-Out Hire Charges Will Fall Under Business Income(13.06.2019)
Income Tax Appellate Tribunal (ITAT), Delhi has noted that the income received from Fit-out Hire Charges would constitute “business income” under the .....
Tags : ITAT Delhi, Business Income
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ITAT, Delhi: No TDS Since Routine Business Support Services Can’t be Treated as Fee for Technical Ser(25.04.2022)
Income Tax Appellate Tribunal (ITAT), Delhi has has held that routine business support services are not taxable as fees for technical services (FTS) s.....
Tags : Income Tax Appellate Tribunal, Routine Business Support Services
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SC: Delay in Adjudication of Commercial Disputes Affects Ease of Doing Business(29.04.2022)
Supreme Court has ordered the Chief Justice of Allahabad High Court to prepare a roadmap for early disposal of execution petitions under the Arbitrat.....
Tags : Supreme Court, Allahabad High Court, business, Arbitration Act
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Simplified Aadhaar based registration for MSME sector(06.10.2015)
The government has received nearly 800 registrations under the simplified Aadhaar based registration system in the Micro, Small and Medium Enterprises.....
Tags : Aadhaar, ease of registration, business
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Supreme Court Seeks Alkem Laboratories Response to CCI Plea on Unfair Business Practices(30.09.2016)
Supreme Court has sought response from Alkem on the Competition Commission of India’s plea seeking to impose penalty of over Rs. 74 crore on the compa.....
Tags : Supreme Court, Widow, Unfair Business Practices
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Calcutta High Court: High Court Has Responsibility to Protect Honest Businessmen(19.07.2019)
Calcutta High Court has observed that the inherent powers of the Court should be used in appropriate cases to meet the ends of justice. The Court whil.....
Tags : Calcutta High Court, Businessmen
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Parliament Passes General Insurance Business (Nationalization) Amendment Bill 2021(12.08.2021)
Parliament has passed the General Insurance Business (Nationalization) Amendment Bill 2021 which removes the condition that the Central Government sho.....
Tags : Parliament, General Insurance Business (Nationalization) Amendment Bill 2021
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All HC: Authorities Can Survey Business Premises if Detained Goods Not Accompanied with Proper Docs.(13.08.2024)
Allahabad High Court has held that the GST authorities have full mechanism as well as power that after detaining the goods, if the same were not accom.....
Tags : Allahabad High Court, Detained Goods, Business Premises
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All HC: Authorities Can Survey Business Premises if Detained Goods Not Accompanied with Proper Docs.(13.08.2024)
Allahabad High Court has held that the GST authorities have full mechanism as well as power that after detaining the goods, if the same were not accom.....
Tags : Allahabad High Court, Detained Goods, Business Premises
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CESTAT: Customer Care Service is Classifiable U/S 65 (11) Finance Act(19.05.2022)
Income Tax Appellate Tribunal, Bangalore has observed that Common Area Maintenance (CAM) Charges included in rent were allowable as a deduction.
Tags : Customs, Excise and Service Tax Appellate Tribunal, customer care, Business Auxiliary Services
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Notifications & Circulars
Government takes various measures to raise India's ranking in 'Ease of Doing Business' to top 50 in the world(20.12.2016)
Government of India in its efforts to improve the business climate of the country and also improve country's ranking in the World Bank's report on Eas.....
Tags : Business climate, Improvement, Measures
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RBI announces Regulatory Relaxations for Startups(02.02.2016)
The Reserve Bank of India has highlighted steps taken to promote the ease of doing business and creating conditions conducive for growth of start-ups......
Tags : Start-up, rbi, ease of doing business
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Government of India (Allocation of Business) Three Hundred and Thirtieth Amendment Rules, 2017(19.01.2017)
S.O.194(E).--In exercise of the powers conferred by clause (3) of article 77 of the Constitution, the President hereby makes the following rules furth.....
Tags : Rules, Amendment, Business, Allocation
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Business entities’ engaging senior advocates to pay service tax(06.06.2016)
After appearing to relent on charging service tax when soliciting the services of a senior advocate, the Ministry of Finance confirmed imposition of t.....
Tags : service tax, senior advocate, representational services, business entity
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Government takes a number of measures to promote Country's performance in 'Ease of Doing Business'(27.03.2017)
The Ministry of Labour and Employment has taken steps for drafting four Labour Codes on Wages; Industrial Relations; Social Security & Welfare; and Sa.....
Tags : Measures, Promotions, Business
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Lease rent from letting out buildings/developed space along with other amenities in an Industrial Park/SEZ- to be treated as business income(25.04.2017)
The issue whether income arising from letting out of premises /developed space along with other amenities in an Industrial Park/SEZ is to be charged u.....
Tags : Lease rent, Industrial Park, Business income
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Shri Nitin Gadkari holds bilateral talks with Iranian Minister of Roads and Urban Development, Says Chabahar Port will present a win- win situation for both countries(10.01.2018)
Shri Nitin Gadkari, Minister of Shipping, Road Transport and Highways, Water Resources, River Development and Ganga Rejuvenation held bilateral talks .....
Tags : Bilateral talks, Ports, Business opportunities
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Boost to Ease of Doing Business in Petroleum and Natural Gas Sector(11.04.2018)
In line with the Government initiative of ease of doing business, the Union Cabinet chaired by Prime Minister Shri Narendra Modi has given its approva.....
Tags : Power, Delegation, Business, Ease
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Cancellation of licence to carry on banking business in India and, conversion of Urban Co-operative Bank into a Co-operative Society(10.08.2016)
Reserve Bank of India has cancelled the licence of Shri Yugprabhav Sahakari Bank Ltd., Vadodara (Gujarat) vide order dated June 29, 2016. In view of t.....
Tags : Licence, Cancellation, Banking business
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Andhra Pradesh, Telangana and Haryana Top Rankers in Ease of Doing Business(10.07.2018)
Secretary DIPP announcing Ease of Doing Business Ranking of States
Department of Industrial Policy and Promotion (DIPP), Ministry of Commer.....
Tags : Business, Ease, Top rankers
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Relaxation of additional fees and extension of last date of filing of AOC-4, AOC-4 XBRL and MGT-7 E-Forms under the Companies Act, 2013(28.10.2015)
The Ministry of Corporate Affairs has released a General Circular notifying the relaxation of additional fee payable on forms AOC-4 and AOC-4 XBRL up .....
Tags : Additional fee, aoc, extensible, business
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Format for Business Responsibility Report(04.11.2015)
The Securities and Exchange Board of India released a ‘Suggested Format for Business Responsibility Report’ pursuant to the SEBI (Listing Obligations .....
Tags : Business responsibility, listed entities, format
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Format for Business Responsibility Report(04.11.2015)
The Securities and Exchange Board of India released a ‘Suggested Format for Business Responsibility Report’ pursuant to the SEBI (Listing Obligations .....
Tags : Business responsibility, listed entities, format
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Solvency Margin for Crop Insurance business(26.08.2020)
1. This circular is issued in accordance with the power vested under section 14(2)(e) of the IRDA Act, 1999 read with section 34(1) of the Insurance A.....
Tags : Solvency Margin, Crop Insurance, Business
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Notification regarding ease of doing business under various SEBI Regulations(30.04.2024)
1. SEBI constituted various Working Groups to recommend measures to simplify and ease compliances under various SEBI Regulations. Accordingly, a worki.....
Tags : SEBI Regulations, Mutual funds, Ease of doing business
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Reserve Bank of India lifts the business restrictions imposed on American Express Banking Corp.(24.08.2022)
In view of the satisfactory compliance demonstrated by American Express Banking Corp. with the Reserve Bank of India (RBI) circular dated April 6, 201.....
Tags : Business restrictions, Lifting of, American Express
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Oversight of Government Business in Agency Banks(07.04.2016)
The Reserve Bank of India put in place a new system of oversight of government business conducted with agency banks. The new enlarged review will now .....
Tags : Government business, agency bank, inspection
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Clarification on levy of tax for services provided by government or authority(13.04.2016)
The Central Board of Excise and Customs issued a comprehensive clarification on the levy of service tax on services provided by the government or a lo.....
Tags : Service tax, government, business entity
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Income Tax Department conducts search on a prominent business group in Delhi(23.10.2019)
Income Tax Department conducted search operation on a group based in Delhi in connection with tax evasion and money laundering. The group is engaged i.....
Tags : Business group, Tax evasion, Search
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Central Government hereby notifies the dealers in precious metals, precious stones as persons carrying on designated businesses or professions(28.12.2020)
In exercise of the powers conferred by sub-clause (iv) of clause (sa) of sub-section (1) of section 2 of the Prevention of Money-laundering Act, 2002 .....
Tags : Dealers, Precious metals, Designated businesses
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Extension of last date to receive comments/counter comments on TRAI Consultation Paper on "Ease of Doing Business in Telecom and Broadcasting Sector"(23.12.2021)
The Telecom Regulatory Authority of India (TRAI) had released a Consultation Paper on "Ease of Doing Business in Telecom and Broadcasting Sector" on 8.....
Tags : Extension, Last date, Ease of Doing Business
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Cancellation of licence to carry on banking business in India under Section 22 read with Section 56 of the Banking Regulation Act, 1949 - Rupee Co-operative Bank Ltd., Pune(02.11.2022)
1. The Reserve Bank of India, vide order No.DOR.MON.LC-04/12.22.218/2022-23 dated August 08, 2022, had cancelled the banking licence of Rupee Co-opera.....
Tags : Cancellation, licence, Banking business
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De-notification of Arbitration clause in all tariff products under Fire, Motor and Engineering, Workmen's Compensation and other classes of insurance business(23.01.2024)
In exercise of the powers conferred by sub section (1) of section 64 ULA of the Insurance Act, 1938, the Authority hereby de-notifies the Arbitration .....
Tags : Arbitration clause, Insurance business, Denotification
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Conduct of Government Business by Agency Banks - Payment of Agency Commission(13.08.2015)
The Reserve Bank of India issued a clarification on activities that do not come under the purview of agency bank business and are not eligible for pa.....
Tags : agency commission, government business, banks
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Shri Piyush Goyal asks businesses to adopt a sustainable and green approach in business practices(23.01.2023)
Union Minister of Commerce and Industry, Consumer Affairs, Food and Public Distribution and Textiles, Shri Piyush Goyal asked businesses to adopt a su.....
Tags : Green approach, Business practices
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Finance Minister announces Trust-Based Governance For Ease Of Doing Business 2.0(01.02.2022)
While presenting Union Budget 2022-23 in Parliament today, Union Finance Minister Smt. Nirmala Sitharaman announced that with advent of Amrit Kaal, th.....
Tags : Advent, Amrit Kaal, Business
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Insurance Regulatory and Development Authority of India (Places of Business) Regulations, 2015(15.07.2015)
The Insurance Regulatory and Development Authority introduced the Regulations, 2015, which supersede the IRDA (Places of Business) Regulations, 2013.
Tags : Irda, place of business, regulations
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Assessment of State Implementation of Business Reforms(14.09.2015)
The Ministry of Commerce and Industry released a report assessing implementation of business reforms by the States. It delves into the different areas.....
Tags : Business, state, implement, graphs, ease of doing
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Ease of Doing Business(23.03.2022)
Department for Promotion of Industry and Internal Trade (DPIIT), in coordination with Central Ministries/Departments, States and Union Territories (UT.....
Tags : Reforms, Business, Regulations
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IICA and MCA hold inter-ministerial workshop on 'Responsible Business Conduct in India'(21.05.2024)
An Inter-Ministerial Workshop on the 'Responsible Business Conduct in India" was organised by the School of Business Environment, Indian Institute of .....
Tags : Workshop, Business Conduct
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FDI policy for various sectors reviewed(16.11.2015)
The Department of Industrial Policy and Promotion released measures to invite Foreign Direct Investment in 15 key sectors of the economy. Included in .....
Tags : Foreign investment, ease, doing business
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Reforms in General Insurance Business(11.06.2024)
As part of reforms in the general insurance business especially post de-notification of all the tariffs and policy wordings, ushering a new era of mea.....
Tags : Reforms, Business
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CCI approves proposed merger of Credit Suisse Group AG with UBS Group AG(18.05.2023)
The Competition Commission of India (CCI) approves the proposed merger of Credit Suisse Group AG with UBS Group AG.
The UBS Group AG (UBS) i.....
Tags : Merger, Approval, Businesses
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Initial validity of Industrial License for Defence Sector revised to 15 years(22.09.2015)
The initial validity of Industrial License for the defence sector has been revised to 15 years, further extendable up to 18 years for existing and fut.....
Tags : Defence, business, licence, extension
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Judgments
Proviso 6 to Section 92 of Evidence Act is not applicable if the document is without any ambiguity(07.05.2021)
Present appeal is filed against the judgment of the Bombay High Court, in Second Appeal, wherein the second appeal was allowed in favour of the Respon.....
Tags : Agreement, license, Business
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In the absence of any contrary term in the service contract, a transfer order is a normal incidence of service(05.06.2023)
Present Petition takes exception to the judgment passed by the learned Member, Industrial Court, Mumbai, whereby the learned Member dismissed the comp.....
Tags : Transfer order, Business exigencies, Legality
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Expenditure on solicitor’s eye operation not business expense(28.10.2015)
The Bombay High Court upheld an order of the ITAT excluding expenditure by the Assessee on eye treatments to improve vision. The Tribunal had determin.....
Tags : Personal expense, business, tax, deduction
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Commissioner, Service Tax cannot delve into correctness of Cenvat(30.10.2014)
On a perusal of sample debit notes, the nature of the service clarified by the Service Tax registration number, the Tribunal found in favour of the Ap.....
Tags : business auxiliary service, cenvat
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Unadjusted business loss of a particular year would be eligible to be carried forward to subsequent assessment years and for set off also(28.02.2024)
The appeal arises out of the order of the Commissioner of Income Tax (Appeals). The only issue to be decided in this appeal is as to whether the learn.....
Tags : Set off, Business income, Eligibility
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Disclosure of bank’s business dissuades “window-dressing”, in public interest(28.06.2016)
“Any action that results in dissuading commercial entities from indulging in practices such as window-dressing would be in larger public interest”, th.....
Tags : rti, exemption, bank, business mix, public interest
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