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"Artificial Urgency": Court Fines Anil Ambani Rs 25,000 Over Tax Case Hearing
The Bombay High Court has imposed a cost of Rs 25,000 on industrialist Anil Ambani for seeking an urgent hearing of his petition challenging a notice issued to him by the Income Tax department in April 2022, noting it as an "artificial urgency".
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Union Budget 2025: What Budget May Bring For Individuals? An Expert View
The Union Budget 2025, set to be presented by Finance Minister Nirmala Sitharaman on February 1, 2025, is highly anticipated by individual taxpayers, who are hoping for tax reforms that will increase their disposable income and stimulate economic gro
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Top UK CEOs Have Already Earned More Money Than Average Workers Will All Year
These findings have sparked concerns about income inequality and the impact of high CEO pay on the broader economy.
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Delhi LG Increases Income Limit For EWS Admission In Private Schools To Rs 5 Lakh
The decision follows a Delhi High Court ruling of December 5, 2023 wherein the Delhi government was asked to increase the threshold limit from the existing Rs one lakh to Rs 5 lakh.
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India To See Higher Consumer Spending With Ease In Inflation: Rating Agency Fitch
Putting an end to the debate on India's growth based on the government's capex push, global rating agency Fitch Ratings said that consumer spending will increase with elevated consumer confidence, a sign of enhanced income for people.
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Sensex, Nifty Hit All-Time High Day After PM Modi Begins 3rd Term
Indian shares bucked wider Asia trends to hit record highs on Monday as investors focused on domestic affairs and expected stability from the incoming government, a day after Prime Minister Narendra Modi was sworn in for a rare third term.
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Income Inequality Up In 60% Of Nations With IMF, World Bank Loans: Report
A massive 60 per cent of all countries receiving grants or loans from the International Monetary Fund and World Bank are witnessing high or increasing income inequality, an analysis by Oxfam International has revealed.
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"Tax Terrorism Has To Stop": Congress On Fresh Rs 1,700 Crore Notice
The Congress has received a Rs 1,700 crore notice from the Income Tax Department, a day after the Delhi High Court dismissed the party's petition challenging the tax notices, according to sources.
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High Court Dismisses Congress's Plea Against Tax Re-Assessment By Income Tax Officials
The Delhi High Court today rejected petitions by the Congress challenging the initiation of tax reassessment proceedings against it for a period of four years by tax authorities.
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High Court Rejects Congress's Petitions Against Tax Reassessment Proceedings
The Delhi High Court today dismissed Congress party's pleas challenging the reassessment proceedings initiated against it by the Income Tax Department.
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After High Court Setback, Congress To Approach Supreme Court In Over Rs 100 Crore Tax Dues Case
The Congress will move the Supreme Court to cancel a Delhi High Court order that allowed a tribunal to recover over Rs 100 crore outstanding tax from the party, sources said.
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Congress Moves Delhi High Court In Tax Penalty Case
The Congress on Monday moved the Delhi High Court challenging the dismissal of its plea by the Income Tax Appellate Tribunal (ITAT) against the imposition of penalties for discrepancies in certain tax returns.
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Property Purchased In Homemaker Wife's Name Belongs To Family: Allahabad High Court
The Allahabad High Court has held that a property purchased by a husband in the name of a wife, who is a homemaker and has no independent source of income, is a family property.
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Husband Duty-Bound To Provide Maintenance To Wife Despite No Income From Job: Court
The Allahabad High Court has said even if a husband has no income from a job he is duty-bound to provide maintenance to his wife as he can earn about Rs 300-400 a day as an unskilled labourer.
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Raise Income Cap For School Admission Under Quota For Poor: Delhi High Court
The Delhi High Court ordered raising the existing threshold income for admission to schools in the national capital under the Economically Weaker Section (EWS) quota from Rs 1 lakh to Rs 5 lakh annually until the government amends the relevant law.
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"Artificial Urgency": Court Fines Anil Ambani Rs 25,000 Over Tax Case Hearing
The Bombay High Court has imposed a cost of Rs 25,000 on industrialist Anil Ambani for seeking an urgent hearing of his petition challenging a notice issued to him by the Income Tax department in April 2022, noting it as an "artificial urgency".
-
Union Budget 2025: What Budget May Bring For Individuals? An Expert View
The Union Budget 2025, set to be presented by Finance Minister Nirmala Sitharaman on February 1, 2025, is highly anticipated by individual taxpayers, who are hoping for tax reforms that will increase their disposable income and stimulate economic gro
-
Top UK CEOs Have Already Earned More Money Than Average Workers Will All Year
These findings have sparked concerns about income inequality and the impact of high CEO pay on the broader economy.
-
Delhi LG Increases Income Limit For EWS Admission In Private Schools To Rs 5 Lakh
The decision follows a Delhi High Court ruling of December 5, 2023 wherein the Delhi government was asked to increase the threshold limit from the existing Rs one lakh to Rs 5 lakh.
-
India To See Higher Consumer Spending With Ease In Inflation: Rating Agency Fitch
Putting an end to the debate on India's growth based on the government's capex push, global rating agency Fitch Ratings said that consumer spending will increase with elevated consumer confidence, a sign of enhanced income for people.
-
Sensex, Nifty Hit All-Time High Day After PM Modi Begins 3rd Term
Indian shares bucked wider Asia trends to hit record highs on Monday as investors focused on domestic affairs and expected stability from the incoming government, a day after Prime Minister Narendra Modi was sworn in for a rare third term.
-
Income Inequality Up In 60% Of Nations With IMF, World Bank Loans: Report
A massive 60 per cent of all countries receiving grants or loans from the International Monetary Fund and World Bank are witnessing high or increasing income inequality, an analysis by Oxfam International has revealed.
-
"Tax Terrorism Has To Stop": Congress On Fresh Rs 1,700 Crore Notice
The Congress has received a Rs 1,700 crore notice from the Income Tax Department, a day after the Delhi High Court dismissed the party's petition challenging the tax notices, according to sources.
-
High Court Dismisses Congress's Plea Against Tax Re-Assessment By Income Tax Officials
The Delhi High Court today rejected petitions by the Congress challenging the initiation of tax reassessment proceedings against it for a period of four years by tax authorities.
-
High Court Rejects Congress's Petitions Against Tax Reassessment Proceedings
The Delhi High Court today dismissed Congress party's pleas challenging the reassessment proceedings initiated against it by the Income Tax Department.
-
After High Court Setback, Congress To Approach Supreme Court In Over Rs 100 Crore Tax Dues Case
The Congress will move the Supreme Court to cancel a Delhi High Court order that allowed a tribunal to recover over Rs 100 crore outstanding tax from the party, sources said.
-
Congress Moves Delhi High Court In Tax Penalty Case
The Congress on Monday moved the Delhi High Court challenging the dismissal of its plea by the Income Tax Appellate Tribunal (ITAT) against the imposition of penalties for discrepancies in certain tax returns.
-
Property Purchased In Homemaker Wife's Name Belongs To Family: Allahabad High Court
The Allahabad High Court has held that a property purchased by a husband in the name of a wife, who is a homemaker and has no independent source of income, is a family property.
-
Husband Duty-Bound To Provide Maintenance To Wife Despite No Income From Job: Court
The Allahabad High Court has said even if a husband has no income from a job he is duty-bound to provide maintenance to his wife as he can earn about Rs 300-400 a day as an unskilled labourer.
-
Raise Income Cap For School Admission Under Quota For Poor: Delhi High Court
The Delhi High Court ordered raising the existing threshold income for admission to schools in the national capital under the Economically Weaker Section (EWS) quota from Rs 1 lakh to Rs 5 lakh annually until the government amends the relevant law.
