Patna High Court on Wednesday disposed of a PIL filed by lawyer Kalpana, who sought a full-time secretary in charge of the energy department in view of the serious power crisis in the state. The court asked her to make a representation in this rega ..
The accident on Wednesday, which left two students dead and nine others injured has once again brought to the fore the callousness on the part of school authorities who openly flout the Supreme Court directives on schoolbuses. This incident also demo ..
The two-judge bench of the A P High Court overseeing the closure of schools without permission in Vishakapatnam district yet again on Wednesday pointed out to abdication of statutory functions by the state government. The inaction to effect the closu ..
The Reserve Bank of India (RBI) on Monday said the quantum of securities, which can be classified as held-to-maturity (HTM), shall be restricted up to 100% of the paid-up capital of the primary dealers (PD) as at the end March of the preceding finan ..
The Securities and Exchange Board of India (Sebi) may soon issue ground rules for setting up stock exchanges dedicated to the small and medium firms, enabling them to raise capital from the market."The Sebi is working on the concept paper on SM ..
The Finance Ministry has now given service tax exemption on transportation of certain specified goods by rail or through inland water and coastal shipping.The exemption has been given keeping in mind the common man, a Finance Ministry official said. ..
The government has exempted a number of goods like food grains, fertilisers and farm inputs from paying service tax for transportation through railways and waterways. According to the notification issued by the Central Board of Excise and Customs (CB ..
The Income-Tax Appellate Tribunal (ITAT) has held that any expenditure, which is viewed as an offence or is prohibited by law, but is of a commercial nature incurred in the normal course of business, can be treated as an outgo at the time of calculat ..
A larger bench of the Supreme Court will decide the issue of whether insurance companies can be compelled to pay the claim even if they are under no liability to pay such amount? A bench comprising Justice Markandey Katju and Justice AK Ganguly said: ..
The Supreme Court has said profits derived from the Duty Entitlement Passbook Scheme and the Duty Drawback Scheme are incentives and cannot be termed as profits from business to claim income tax deductions. A bench headed by Justice S H Kapadia dismi ..
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