Pr. Commissioner Of Income Tax- 9 vs M/S Tata Power Delhi Distribution Ltd. … on 13 January, 2025
Delhi High Court Pr. Commissioner Of Income Tax- 9 vs M/S Tata Power Delhi Distribution Ltd. … on 13 January, 2025 Author: Swarana Kanta Sharma Bench: Swarana Kanta Sharma * IN THE HIGH COURT OF DELHI AT NEW DELHI % Judgment delivered on: 13.01.2025 + ITA 687/2019 PR. COMMISSIONER OF INCOME TAX- 9 …..Appellant Through: […]
New bill proposes multiple nominees for bank Fixed Deposits to ease fund distribution after death, ET LegalWorld
A crushing experience in the trail of destruction left by Covid was the inability of family members to freely withdraw and distribute money by breaking the bank fixed deposits (FDs) after the death of the prime earner, who, in many cases, was the sole account holder. The bill to change the law allowing banks to […]
Sebi amends AIF rules; investors to have pro-rata rights in investments, proceeds distribution, ET LegalWorld
Markets regulator Sebi has amended Alternative Investment Funds (AIF) rules directing them to grant investors’ rights in investment and distribution of proceeds in proportion to their commitments in a scheme. In simple words, risks as well as rewards from investments made by an AIF scheme need to be shared in proportion to investors’ contributions to […]
States not empowered to take over all private properties for distribution to serve common good: SC, ET LegalWorld
In a majority 7:2 ruling, the Supreme Court on Tuesday held that states are not empowered under the Constitution to take over all privately-owned resources for distribution to serve the “common good”. A nine-judge bench headed by Chief Justice DY Chandrachud, however, said states can stake claim over private properties in certain cases. The majority […]
SC upholds NCLT’s order that allowed interim distribution of funds from escrow account of BKEL, ET LegalWorld
The Supreme Court on Monday upheld the National Company Law Appellate Tribunal’s September 19 order that allowed interim distribution of funds from the escrow account of Baleshwar Kharagpur Expressway Ltd. (BKEL), an arm of IL&FS Transportation Networks Ltd. (ITNL). A Bench led by Chief Justice D.Y. Chandrachud rejected the Infrastructure Leasing & Financial Services’ (IL&FS) […]