One of the big challenges facing the new government will be to reconsider the norms it announced earlier this year for computing foreign ownership, an issue on which it has drawn criticism. The guidelines, announced in February, said that investment ..
The Rs 7,000-crore Satyam scam, the biggest fraud in Indian corporate history, exposed the archaic nature of the country’s company laws, and posed questions about the prevalent auditing norms. The new government will have to learn its lessons f ..
ITAT, SPECIAL BENCH, PUNE Dhariwal Industries Ltd. v. DCIT M.A. NO. 15 TO 22/M/09 MAY 5, 2009 RELEVANT EXTRACTS : ** ** ** ** ** ** 7. Ld. Sr. Counsel appearing for the assessee ha ..
In a bid to attract banks to trade in Separate Trading of Registered Interest and Principal of Securities (STRIPS), the Reserve Bank of India, in its draft guidelines on stripping/reconstitution of government securities, said that these financial ins ..
The Reserve Bank today asked regional rural banks to strictly adhere to rules regarding nominations in savings accounts, even if the customers do not ask for it.The Reserve Bank asked RRBs to strictly comply with the Banking Regulation Act, 1949, and ..
Gujarat High Court dismissed a Public Interest Petition, filed by Gandhinagar-based Rashtriya Kisan Dal (RKD), challenging the state government’s decision of allotting agriculture land to set up Tata Motors Nano Car Project in Sanand taluka of ..
In an interesting twist to the proceedings of the trial of the 26/11 terrorist attacks on Mumbai, Abbas Kazmi, defence lawyer for the lone surviving Pakistani terrorist Mohammad Ajmal Amir Kasab, today sought the designated court to withdraw him from ..
ITAT, MUMBAI BENCHES ‘E’, MUMBAI Shemaroo Video Pvt. Ltd. v. ITO ITA NOS. 337 TO 340/MUM/2007 MAY 5, 2009 RELEVANT EXTRACTS : ** ** ** ** ** ** 6. We have heard the ri ..
ITAT, SPECIAL BENCH, PUNE Dhariwal Industries Ltd. v. DCIT M.A. NO. 15 TO 22/M/09 MAY 5, 2009 RELEVANT EXTRACTS : ** ** ** ** ** ** 7. Ld. Sr. Counsel appearing for the assessee ha ..
HIGH COURT OF KARNATAKANorth West Karnataka Road Transport Corporationv.Deputy Labour CommissionerWrit Petition No. 5759 of 2006February 25, 2008 RELEVANT EXTRACTS : ** ** ** ** ..
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