With the communications and IT ministry working on framing the draft rules for certain provisions of the IT (Amendment) Act, 2008, industry bodies and the legal fraternity have queered the pitch for more progressive regulation. The ministry had sough ..
The Income Tax Department is probing tax evasion of Rs 800 crore by some stock brokers who are believed to be diverting profits, earned on trading in NSE, BSE and commodity markets, to “non-deserving” clients through manipulation of clien ..
THE ministry of law and justice is open to judicial reforms and opening up Indian legal services to foreign law firms, minister for law and justice Dr Veerappa Moily said on the sidelines of an event held in New Delhi recently. “We will bring a ..
Patna High Court ordered incarcerated MP Kameshwar Baitha, elected from Palamu (Reserved) Lok Sabha, constituency in Jharkhand, to be sent to Parliament for taking oath.While hearing a petition of Mr Baitha, Justice Mridula Mishra directed the Inspec ..
The Supreme Court has upheld the conviction and sentence of ten people under TADA, involved in the killing of nine others belonging to the rival gang of liquor vendors in Ahmedabad on Aug 3, 1992.A bench comprising Chief Justice K G Balakrishnan and ..
Law Minister Veerappa Moily today said there was no immediate plan to introduce reservation for backward classes in the higher judiciary.The subordinate judiciary already has reservation for these classes, but there was no proposal under the Governme ..
The Supreme Court refused to stay land acquisition process for Mumbai SEZ owned by Mukesh Ambani-led Reliance Industries, involving 8,000 hectares of land worth about Rs 6,000 crore.A vacation bench comprising Justices B Sudershan Reddy and Aftab Ala ..
UPA-II’s first Budget may bring some relief for individual taxpayers. The finance ministry is considering a proposal to hike the Rs 1-lakh limit for tax-deductible investments under Section 80C of the Income Tax Act, 1961 by another Rs 50,000. ..
The government is likely to present Budget for 2009-10 on July 3 and would try to pass it by July 31, so that another vote-on-account is not required. The railway budget is likely to be presented on July 1 followed by Economic Survey the next day and ..
The Reserve Bank of India (RBI) has decided to relax the existing norms on the closure of fraud cases by banks saying that banks would be allowed, for limited statistical or reporting purposes, to close those fraud cases involving amounts up to Rs 25 ..
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