News

The Bombay High Court has vacated the Non-Bailable Warrant against Libas Consumer Products Director Riyaz Ganji after he agreed to a ₹2.2 crore settlement with G S Majestic Developers Pvt. Ltd. The company has formally notified the National Stock Exchange of this resolution

Bombay High Court vacates Non-Bailable Warrant Against Libas Consumer Product Director Riyaz Ganji

The CBI has arrested two Senior Executives of M/s Reliance Communications (R. Com) for causing about Rs 2,929.05 crore of loss to 17 public sector banks / FIs.

CBI Nabs Two Senior Executives of Reliance Communications in Rs 2,929.05 Crore Bank Fraud

Judgement

HC invalidates reopening as broker entry lacked nexus and predated the assessee's transaction.

Reopening Quashed as Conditions for Section 148 Jurisdiction Not Satisfied

High Court sets aside reassessment proceedings where AO ignored adjournment request and denied fair hearing under Section 148A

Reassessment Invalid for Denial of Effective Hearing Under Section 148A: HC

The income tax authorities have imposed a Rs 42.54 Crore tax addition on the income of  Dalmia Bharat Sugar and Industries. The company is planning to appeal before CIT(A).

Dalmia Bharat Sugar and Industries Faces Rs 42.54 Crore Income Tax Additions; Plans to Appeal

Pfizer has been hit with an Rs 85.7 crore tax demand by Indian authorities following income-tax scrutiny. The company plans to challenge the assessment legally, signaling a prolonged dispute with tax officials.

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Bombay High Court vacates Non-Bailable Warrant Against Libas Consumer Product Director Riyaz Ganji

CBI Nabs Two Senior Executives of Reliance Communications in Rs 2,929.05 Crore Bank Fraud

Reopening Quashed as Conditions for Section 148 Jurisdiction Not Satisfied

Reassessment Invalid for Denial of Effective Hearing Under Section 148A: HC

Dalmia Bharat Sugar and Industries Faces Rs 42.54 Crore Income Tax Additions; Plans to Appeal

Pfizer Faces RS 85.7 Crore Income Tax Blow, Vows Strong Legal Fight Amid Income Tax Scrutiny