The Supreme Court Tuesday was told that the unaccounted black money stashed away to tax havens would not be recovered as the central government and its bureaucrats entrusted with the task have not taken any effective steps to recover it. Describing the steps taken so far to recover the money as “gre...

The Supreme Court on Friday allowed Sahara to arrange a bank guarantee of Rs. 5,000 crore in the favour of the capital market regulator to comply with the conditions for the release of its chief Subrata Roy and two other directors who are in custody in Delhi’s Tihar jail since March 4, 2014. A bench...

From Monday, 9 March 2015, a special Supreme Court bench comprising of two seasoned tax hands, Justice AK Sikri and Justice RF Nariman, began exclusively hearing and deciding tax cases from Monday to Friday.

Supreme Court justices TS Thakur and AK Sikri told the Sahara Group after a two hour hearing that they would have to pay Rs 10,000 crore to get its boss Subrata Roy and two directors released from jail. The judges, who replaced the previous bench of justices KS Radharkrishnan and JS Khehar amid unpr...

Supreme Court justices TS Thakur and AK Sikri will be hearing the controversial Sahara case on 19 May after Justice KS Radhakrishnan retired and Justice JS Khehar recused himself and said he wanted nothing to do with any Sahara matters in future. Radhakrishnan had professed to have faced “unimaginab...

The Supreme Court has ordered prosecution of Tamil Nadu chief minister J Jayalalitha for not filing income tax (IT) returns between 1991 and 1994 for the company which she co-owned at the time. Jayalalitha and the company’s other co-owner had appealed to the apex court for discharge from the crimina...

The Supreme Court yesterday stayed its September 2012 order that made it compulsory to appoint retired judges to central and state information commissions under the Right to Information (RTI) Act 2005.

High courts at Delhi, and Punjab and Haryana got new chief justices while the tenure of Kerala high court’s chief justice was renewed on Friday. Delhi high court’s 58-year-old chief justice AK Sikri took oath as chief justice of Punjab and Haryana high court on Sunday. 61-year-old Delhi HC judge Dar...

There exists a Mad HC judgment on copyright infringement by Nani palkiwala of Sampath Iyengar’s book “The Law of Income Tax” [ Tax Titans ] The tax bill that will go easy on individuals, tough on corporations – summarized [ PRS India ] [ Standing Committee Report’ ] SEBI doesn’t want the risk of wha...