CBDT asks officials not to pursue pending MAT cases

Last Updated: Thursday, September 3, 2015, 12:43

Days after the government decided to exempt foreign funds from tax on profits earned before April 1, the CBDT on Thursday issued a circular asking its fields officers to keep in abeyance pending assessments and not to recover any outstanding demand.

Efforts on to streamline scrutiny process of I-T cases: Govt

Last Updated: Thursday, August 20, 2015, 21:50

As part of government's efforts to create business friendly tax environment in the country, the Centre will soon come out with guidelines to streamline the process of scrutiny of income tax cases, a top official said Thursday.

Call drops: Govt hits out at operators for lack of investment

Last Updated: Tuesday, August 18, 2015, 19:17

Hitting out at telecom operators for lack of investment in networks leading to call drops, the government today said they cannot escape the responsibility of meeting standards as it is their basic service obligation.

Call drops: Govt, telcos in blame game as problem rises

Last Updated: Monday, August 17, 2015, 23:16

Pulling up telecom operators for frequent call drops, government Monday said they are not making serious efforts to resolve the menace even as the companies warned of worsening of services unless a nation-wide policy is put in place for easy erection of mobile towers.

Call drops: Govt says telcos not making serious efforts

Last Updated: Monday, August 17, 2015, 20:51

With mobile operators blaming lack of towers for frequent call drops, the government today hit back saying companies are not making serious efforts to address the issue and asked them to take urgent remedial measures.

LS passes bill to deal with cheque bounce cases

Last Updated: Thursday, August 6, 2015, 18:15

A bill providing for filing of cheque bounce cases at the place where a cheque is presented for clearance and not the place of issue, was approved by the Lok Sabha Wednesday.

Sebi to overhaul disclosure norms for better monitoring

Last Updated: Sunday, July 12, 2015, 14:11

The new system would use technology for automatic gathering and integration of information from all available sources, a senior official said.

Blackmoney: CBDT rejigs committee to handle FATCA cases

Last Updated: Sunday, July 12, 2015, 13:42

Through an order issued days before FATCA was signed by the two countries on July 9, the CBDT has increased the strength of the panel from existing seven to eight members.

Sebi restricts Polaris Realtors from raising funds from public

Last Updated: Monday, June 15, 2015, 18:58

Sebi found that the company raised Rs 10.29 lakh from 423 people through issuance of Non-Convertible Redeemable Secured Debentures (NCDs) during 2012-13.

CCI defends itself against Compat's adverse remarks

Last Updated: Friday, June 12, 2015, 16:59

The comments came against the backdrop of Competition Appellate Tribunal recently saying that two Commission members signing an order without being present for hearing amounts to "flagrant violation of the basics of natural justice".

Germany drops probe into alleged US tapping of Merkel cellphone

Last Updated: Friday, June 12, 2015, 16:12

"The Chief Federal Prosecutor has closed the investigation over suspected spying on a mobile phone used by the chancellor by US intelligence services ... because the allegation cannot be proven in a legally sound way under criminal law," it said in a statement.

Tax officials search Chettinad group for third day

Last Updated: Friday, June 12, 2015, 15:02

Interestingly, the IT raids began a day after Ramaswamy, the former chairman and director of Chettinad Cement, alleged that the company owed the government huge amount in sales tax.