LAW CHRONICLES LEGAL NEWS INDIA

Mumbai, December 7: The Mumbai bench of the Income Tax Appellate Tribunal (ITAT), quashing one of the first order issued by the Tax Department, held that merely producing evidence of purchase and sale of shares was insufficient to prove the allegations of Money Laundering. In a twenty-page verdict, the tribunal …

New Delhi, December 5: In a major relief to Vodafone Idea and Bharti Airtel, the Supreme Court today dismissed the Competition Commission of India’s (CCI) plea to allow it to probe the allegations made by Reliance Jio Infocomm Ltd of cartelization against its rival telecom companies. Reliance in 2016 approached the …

Mumbai, December 5: In order to make the settlement rules more attractive to help fast-track pending cases, the market regulator, Secrutiy exchange board of India (SEBI), has issued new norms including a confidentiality clause for the approvers. However, it has notified that it will not settle cases of defaulters and …