Mumbai ITAT Quashes ₹445 Crore Transfer Pricing Adjustment Against Netflix India

The Income Tax Appellate Tribunal (ITAT) Mumbai has recently set aside a Rs 445 crore transfer pricing adjustment on Netflix India for financial year 2021-22, rejecting the Revenue's claim that the company, as a licensee of its streamed content, owed higher taxes.The authorities had imposed the tax because they treated Netflix India, the Indian arm of US-based streaming giant Netflix, as...

'Not Constructive Criticism' : Justice Abhay Oka On Sanjeev Sanyal Calling Judiciary "Biggest Hurdle To Viksit Bharat"

Justice Oka said that Sanyal should have given specific instances of judicial orders which he thought impeded the country's development.

District Judge Appointments | Won't Take Away High Courts' Discretion, Says Supreme Court While Mulling Quota For Promotee Judges

While hearing the issue whether there should be a quota for the promotion of serving judicial officers as District Judge posts, the Supreme Court on Wednesday observed that it will not issue any direction to take away the discretionary powers of the High Courts in making appointments.The Court also said that it wanted to ensure that the aspirations of all categories, promotee judges and...

Bursting Crackers, Idol Immersions, Loudspeakers Not Essential Religious Practices; No Religion Permits Pollution : Justice AS Oka

What joy do we get by creating noise pollution either by bursting crackers or by using loudspeakers while celebrating festivals?

Supreme Court Chides Odisha Govt For Delay In Recovering ₹2700 Crore Compensation From Illegal Mining Leaseholders

The Supreme Court on Wednesday pulled up the State of Odisha for its failure to recover compensation exceeding ₹2,700 crore from mining leaseholders involved in illegal mining of iron and manganese ore without obtaining prior environmental clearance.A Bench comprising Justice Dipankar Datta and Justice AG Masih was hearing a plea concerning the non-recovery of dues that were imposed pursuant...

SEBI Has Cleared Modified Demerger Scheme: Vedanta Informs NCLT

Anil Agarwal led Vedanta Limited on Wednesday told the National Company Law Tribunal (NCLT), Mumbai that Securities and Exchange Board of India (SEBI) has cleared its revised demerger plan after earlier warnings on disclosure and compliance issues.Vedanta, a multi-national conglomerate engaged in the business of natural resources exploration intends to split its aluminium, oil and gas, power,...

2016 Gadchiroli Arson Case: Surendra Gadling Objects To State's Delay In Filing Affidavit Explaining Reasons For Trial's Delay

Lawyer and activist Surendra Gadling today objected to the State of Maharashtra's delay in filing an affidavit before the Supreme Court in his plea seeking bail in the 2016 Gadchiroli arson case.At the request of Additional Solicitor General SV Raju (for State), a bench of Justices JK Maheshwari and Vijay Bishnoi however granted the State 1 week's time to file the document, as a...

Sonam Wangchuk's Detention Based On Stale FIRs, Grounds Not Fully Supplied Within Time Limit : Gitanjali Angmo To Supreme Court

Angmo asserted that Wangchuk never made any provocative speech and had merely undertaken a peaceful hunger strike in support of Ladakh's demand for statehood.

All India Bar Examination XX Registration Date Extended Till October 31

The Bar Council of India (BCI) has extended the registration deadline for the 20th All India Bar Examination (AIBE XX) till October 31, 2025.Candidates can make online payments until November 1, which is also the last date for making corrections in the registration form. The admit cards will be issued on November 15, and the AIBE XX is scheduled to be conducted on November 30, 2025.Final-year...

Supreme Court Expresses Concern Over Delay In Framing Charges In Criminal Trials, Mulls Pan-India Directions

The Supreme Court on Wednesday expressed grave concern over inordinate delays in the framing of charges in criminal trials, despite the mandate in Section 251(b) of the Bharatiya Nagarik Suraksha Sanhita (BNSS) that charges in cases exclusively triable by a court of sessions, charge must be framed within 60 days of the first hearing.Observing that such delays are among the primary causes...

Judicial Officers' Promotion: Live Updates From Supreme Court Hearing | All India Judges Association Case - DAY 2

A Constitution Bench of the Supreme Court led by CJI BR Gavai will hear today the All India Judges Association case. The bench will decide whether to earmark a quota of District Judge posts for those who entered the judiciary as Civil Judges(Junior Division) to avoid career stagnation. The bench comprises Justices Surya Kant, Vikram Nath, Vinod Chandran and Joymalya Bagchi as well. The...

Bank Cannot Unilaterally Withdraw Money From Joint Account To Recover Loan Owed By One Of The Holders: Orissa High Court

The Orissa High Court has recently ruled that a bank cannot unilaterally withdraw money from a joint account to recover a loan owed by only one of the account holders. The Court was dealing with a petition filed by Bharat Chandra Mallick, a retired railway employee, who challenged the State Bank of India's deduction of Rs 5 lakh from a joint account he held with his wife without prior notice....