NEW DELHI: The Income Tax Appellate Tribunal (ITAT) has dismissed an appeal by Congress, upholding a Rs 199.15 crore tax demand. In a detailed order issued on Monday, a two-member bench ruled that Congress failed to meet key conditions required for availing the exemption, Bar and Bench reported.“The assessee’s return filed on 02.02.2019 is not…
NEW DELHI: Nine show-cause notices were issued to Air India during the last six months in connection with five identified safety violations, Union junior aviation minister Murlidhar Mohol said in reply to a question in the Rajya Sabha on Monday. Enforcement action has been completed in respect of one violation, he added.Regarding the AI Dreamliner…
NEW DELHI: Over the last six months, Air India has received nine show cause notices linked to five different safety violations, according to minister of state for civil aviation Murlidhar Mohol in the Rajya Sabha. Enforcement action has been completed in one case, while investigations continue into others.A major focus of concern is the tragic…
The agreement was announced in the Delaware Court of Chancery on Thursday, just before the trial was to resume its second day. The trial, presided over by Judge Kathaleen McCormick, was halted after plaintiffs’ lawyer Sam Closic informed the court that a settlement had been reached. Details of the agreement remain confidential, and lawyers for…
Insurance regulator Irdai has formed panels of whole-time members to look into violations of regulatory norms by insurers and intermediaries. A decision to this effect was taken at the 132nd meeting of the Insurance Regulatory and Development Authority of India (Irdai), the regulator said in a release on Tuesday. “As part of enforcement function, to…
In a move that has reignited the national debate around transgender rights in school sports, the Trump administration has filed a lawsuit against the California Department of Education and its high school sports authority, alleging that the state’s policies allowing transgender girls to compete on girls’ teams violate federal law.The Justice Department argues that California’s…
NEW DELHI: Regulator DGCA has uncovered a range of safety violations across major airports, including those in Delhi and Mumbai, during an audit of country’s civil aviation ecosystem. DGCA found aircraft taking off with worn tyres, faded runway markings, and vehicles operating on tarmacs without speed governors, among other critical lapses.“Showcause notices are being issued,…
MUMBAI: A joint team of forest department and BMC officials inspected actor Shah Rukh Khan‘s bungalow, Mannat, at Bandra Bandstand, on Friday following a complaint about coastal regulation zone (CRZ) violations during renovation of the property.The property comprises Mannat, a heritage structure, and an annex structure, a multi-storey building. As Khan and his family have…
The Securities and Exchange Board of India (Sebi) announced on Thursday that it is investigating potential violations by IndusInd Bank’s senior management, alleging accounting frauds estimated at Rs 3,400 crore.While the Reserve Bank of India (RBI) will handle the primary investigation, Sebi is specifically examining the alleged securities market violations by bank officials.“The RBI is…
Spain has ordered Airbnb to take down over 65,000 holiday rental listings from its platform, citing violations of housing regulations. On Monday, the Consumer Rights Ministry stated that most of the flagged listings lack the mandatory license number, while others fail to clarify whether the property owner is an individual or a corporation. Consumer Rights…