Setback to IT dept: SC dismisses plea opposing Excessive Court docket resolution on retro implementation of Benami Act

Supreme Court docket has dismissed a Particular Depart Petition (SLP) filed by the Earnings Tax Division that Delhi Excessive Court docket’s resolution disallowing retrospective applicability of Benami Transactions (Prohibition) Modification Act 2016. The Excessive Court docket’s resolution had adopted a Supreme Court docket ruling on August 23, 2022 (Union of India vs Ganpati Dealcom). Within the … Read more

SpiceJet and Kalanidhi Maran at odds once more over Delhi Excessive Courtroom ruling

SpiceJet introduced on Wednesday that it might demand a refund of ₹450 crore out of the ₹730 crore beforehand paid to former promoter Kalanithi Maran and his agency, KAL Airways, following a Delhi Excessive Courtroom order. Nevertheless, Kal Airways has rejected the identical, stating that the Division Bench’s award remained in favour of Kal Airways … Read more

Hero Electrical, Okinawa, Benling face blacklisting over FAME-II violations

Three electrical two-wheeler firms — Hero Electrical, Okinawa and Benling India — may be de-registered or blacklisted from future authorities schemes if they don’t pay again the cash they owe to the federal government beneath the FAME-II scheme, sources have stated. These firms earned ₹300 crore in violation of the norms beneath the FAME II … Read more

Delhi HC directs DGCA to course of deregistration of leased plane to Go First

The Delhi Excessive Courtroom on Friday ordered the aviation regulator, Directorate Common of Civil Aviation (DGCA), to course of deregistration requests for Go First’s leased plane inside 5 days. This severely impacts Go First’s operations, grounding a good portion of the airline’s fleet. Justice Tara Vitasta Ganju dismissed a plea from the airline’s Decision Skilled … Read more

ESPN Mauritius has no everlasting institution in India: Delhi HC

The Delhi Excessive Court docket has dominated in favour of ESPN Mauritius and upheld the order of the Delhi Earnings Tax Appellate Tribunal (ITAT), which had earlier dominated that ESPN Mauritius doesn’t have a everlasting institution (PE) in India by way of ESPN Star Sports activities and ESPN Software program India, each of whom are … Read more