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Whether capital receipts received by an assessee on issue of equity shares to its non-resident holding entity and the short-fall between fair market price and issue price of its equity shares can b


The Petitioner, Vodafone India Services Pvt. Ltd., is a wholly owned subsidiary of a non-resident company, Vodafone Tele-Services (India) Holdings Limited (the holding company). In AY 2009-10,the Petitioner issued equity shares on a premium to its ho ...



Category: Others | on 13 October 2014 | 285 hits | More



CCI imposes penalty on Super Cassettes Industries Ltd. for abuse of dominant position


The Competition Commission of India held Super Cassettes Industries Limited in contravention of the provisions of section 4(2)(a)(i) of the Competition Act, 2002 for imposing unfair conditions of Minimum Commitment Charges (MCC) upon the private FM S ...



Category: Others | on 06 October 2014 | 491 hits | More



SC: Will drawn up in English is valid, even if the testator is ignorant of the language.


The Supreme Court bench comprising of Justices Ranjan Gogoi and R.K. Agrawal held that a Will drawn up in English is valid, even if the person bequeathing his/her property was ignorant of the language, provided the content was explained to the testat ...



Category: Others | on 15 September 2014 | 2307 hits | More



SC: Review petition of a death convict to be heard in an open court


The Supreme Court Constitution bench comprising of Justices R.M. Lodha, Jagdish Singh Khehar, A.K. Sikri, Rohinton Fali Nariman and Chelameswar, in a majority verdict, has ruled that the review petition of a death convict to be heard in an open cou ...



Category: Criminal Law | on 11 September 2014 | 1381 hits | More



CCI imposes penalty of Rs. 2544.64 crores on car companies


The Competition Commission of India found 14 car companies in contravention of the provisions of the Competition Act, 2002. Commission also imposed a penalty calculated at the rate of 2% of the average turnover of the 14 car companies amounting to Rs ...



Category: Others | on 27 August 2014 | 1672 hits | More



SC: Landmark judgment on jurisdiction in cheque bounce cases


The Supreme Court bench comprising of Justices T.S. Thakur, Vikramajit Sen and C. Nagappan held that a complaint of a bounced cheque must be only filed at the place of dishonour of cheque Justice T.S Thakur wrote a separate but concurrent opinion an ...



Category: Civil Law | on 12 August 2014 | 5128 hits | More



SC: Commissions are not 'Courts'


The Supreme Court Constitution bench headed by the Chief Justice of India, R.M. Lodha dismissed the contempt petitions against the then Editor of India Today, Mr. Arun Shourie. The case involved an editorial published in The Indian Express in 1990 ...



Category: Criminal Law | on 30 July 2014 | 2545 hits | More



NGT directs MoEF to appoint only experts in panels


The National Green Tribunal bench headed by Justice Swatanter Kumar directed the Ministry of Environment and Forest not to appoint persons as Chairperson/Members of the Expert Appraisal Committee/State Expert Appraisal Committee who do not have exper ...



Category: Others | on 21 July 2014 | 1722 hits | More



Physical Meetings cannot be substituted by postal ballots


The issue raised before the Bombay High Court was that whether a resolution for approval of a Scheme of Amalgamation can be passed under Section 110 of the Companies Act, 2013 and SEBI Circular dated May 21, 2013, by a majority of the equity sharehol ...



Category: Others | on 12 July 2014 | 1841 hits | More



SC: When company/accused is let off, complainant cannot continue against the MD


The Supreme Court bench comprising of Justices Sudhansu Jyoti Mukhopadhaya and V. Gopala Gowda in an appeal against the judgment passed by the High Court of complaint under Section 138 read with Section 141 of the Negotiable Instruments Act, 1881 r ...



Category: Business Law | on 12 July 2014 | 2839 hits | More













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Updated on : 24/10/2014 21:26:00

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