Taxpayers can be prosecuted for non-filing of returns even if eligible for a refund: Delhi HC
Tax assessees beware! The Delhi High Court has ruled that *non-filing of income tax returns can lead to prosecution* even if the taxpayer […]
Month: October 2018
Mumbai: GST relief can make cruise ship tickets 50% cheaper
The Indian National Cruise Lines Association (INCLA) wants the government to give tax waivers to halve the price of tickets for passenger cruises. […]
In a first, CBI books its Special Director in corruption charges
The Central Bureau of Investigation has filed an FIR against its own second-in-command special director Rakesh Asthana, on the basis of a complaint […]
Cash-strapped IL&FS wants government to bail it out
The Union government may have to bailout cash-strapped Infrastructure Leasing and Financial Services (IL&FS), if latest discussions between the group’s board and the […]
Indian companies are expanding in-house legal teams
Recently, when a JSWSteel Ltd-led consortium had almost clinched the deal for Monnet Ispat & Energy, another hurdle came up. The bankruptcy […]
After 4 years, NPA-laden IOB expects to be back in the black in FY20
Public sector lender Indian Overseas Bank (IOB), which has been facing losses due to high non-performing assets (NPAs), is expected to post a […]
NFRA is a necessity, ICAI contentions are contrary to international standards
Historically, the role of an auditor has been that of a financial ‘gatekeeper’ which makes it imperative for the auditor to be independent […]
Kleinman Center for Energy Policy at the University of Pennsylvania awards 4th annual Carnot Prize
Recognising the pathbreaking transformations in India’s energy sector under the visionary leadership of Hon’ble Prime Minister Shri Narendra Modi, the Kleinman Center for […]
GOP panel’s foreign agent inquiry triggers harsh response
An environmental group has denounced a House oversight committee for suggesting the organization’s efforts to block construction of a U.S. military base on […]
SC denies income tax exemption to local authority
The Supreme Court has held that they are *not eligible for income tax exemption* overruling a Rajasthan High Court order. A top […]