The Sahara Group Wednesday told the Supreme Court that its deal with the Mirach Capital Group to raise a $650-million loan to comply with the court’s order to deposit Rs.5,000 crore in cash and bank guarantee of like amount has collapsed. The apex court Jan 9 had permitted Sahara group to raise a “j...

A Delhi high court judgment has ruled against the Income Tax Department but in effect upped the pressure on other Mauritius or overseas-based tax avoidance structures.