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Vivad Se Vishwas Scheme 2024: What is it and how to avail it?
13 hours, 49 minutes ago

Vivad Se Vishwas Scheme 2024: What is it and how to avail it?

India Today  

The Vivad Se Vishwas Scheme 2024, introduced in Budget 2024, provides taxpayers with an opportunity to settle pending disputes with the Income Tax Department. By paying the disputed tax amount along with a specified percentage, taxpayers can resolve disputes and avoid penalties and interest. ELIGIBILITY FOR THE SCHEME Taxpayers eligible for this scheme include: Those with pending appeals, writ petitions, …

2024 This Scheme Scheme Taxpayers Pending Disputes Vishwas Scheme
S.144C IT Act | AO Not Having Info About Pending Objections Before Dispute Resolution Panel No Grounds To Sustain Final Assessment Order: Delhi HC
5 days, 4 hours ago

S.144C IT Act | AO Not Having Info About Pending Objections Before Dispute Resolution Panel No Grounds To Sustain Final Assessment Order: Delhi HC

Live Law  

The Delhi High Court has made it clear that a Final Assessment order passed by the Income Tax Authorities under Section 143 of the Income Tax Act, 1961 is not sustainable, if it is passed in ignorance of pending objections before the Dispute Resolution Panel. It said, “.notwithstanding the lack of information with the AO, if an objection has been …

Assessment Order Income Passed Objections Drp Final Assessment Order
Pendency Of Proceedings Before NCLT For Approval Of Scheme Of Arrangement Does Not Preclude Financial Creditor From Filing Petition U/S 7: NCLAT
6 days, 14 hours ago

Pendency Of Proceedings Before NCLT For Approval Of Scheme Of Arrangement Does Not Preclude Financial Creditor From Filing Petition U/S 7: NCLAT

Live Law  

The NCLAT New Delhi bench of Justice Ashok Bhushan, Mr. Barun Mitra and Mr. Arun Baroka has held that the pendency of proceedings before the NCLT for approval of the scheme of arrangement does not preclude the Financial Creditor to proceed with Section 7 application. That the very fact that the Corporate Debtor during pendency of Section 7 application has …

Supreme Court Corporate Corporate Debtor Bank Application Debt Tribunal
Unified Development Control & Promotional Regulations Must Be Read In Consistence With Maharashtra Regional Town Planning Act: High Court
1 week, 6 days ago

Unified Development Control & Promotional Regulations Must Be Read In Consistence With Maharashtra Regional Town Planning Act: High Court

Live Law  

In a case relating to the denial of Occupation Certificate to a developer, the Bombay High Court has observed that the restrictions on land use and development commences when the Draft Regional Plan under the Maharashtra Regional Town Planning Act, 1966 is published. Now, even if one were to regard Regulation 5.1.3 of the UDCPR as stretching such date further …

Development Planning Court Land Date Act Read
BJP 'Ek Hai Toh Safe Hai' slogan serves Adani's Dharavi interests, says Rahul Gandhi
1 month ago

BJP 'Ek Hai Toh Safe Hai' slogan serves Adani's Dharavi interests, says Rahul Gandhi

Hindustan Times  

Mumbai: Congress leader and Leader of Opposition in Lok Sabha Rahul Gandhi has claimed that the Bharatiya Janata Party's slogan "Ek Hai Toh Safe Hai" primarily serves to benefit industrialist Gautam Adani in acquiring land worth ₹1 lakh crore through the Dharavi redevelopment project. "According to estimates, the land being transferred to Adani Realty is valued at ₹1 lakh crore, …

Maharashtra Gandhi Project Crore Rahul Gandhi Lakh Dharavi
In a first, Railways to long-lease prime plot at Mahalaxmi to private developers
3 months ago

In a first, Railways to long-lease prime plot at Mahalaxmi to private developers

Hindustan Times  

MUMBAI: Indian Railways has identified the first piece of railway land in Mumbai to be leased out for 99 years to a developer. This over-two-acre empty plot, neighbouring the infamous Shakti Mills, is located in Mahalaxmi, faces the Race Course and is parallel to the Western Railway line. “It’s an empty plot of railway land, which is covered with weeds …

India Mumbai Land Railway Rail Plot Mahalaxmi
Dharavikars: from home into the unknown
4 months ago

Dharavikars: from home into the unknown

The Hindu  

In Dharavi’s Kumbharwada, where the lanes are as narrow as an arm span, a group of teenagers is glued to the screen of a single mobile phone, an anachronistic scene if there ever was one. Srinivas, chief executive officer and officer on special duty, Dharavi Rehabilitation Project, which comes under the Maharashtra Housing and Area Development Authority, says, “It is …

India Homes Mumbai Maharashtra Land Project Plan
State assures white paper on Dharavi redevelopment project
5 months, 2 weeks ago

State assures white paper on Dharavi redevelopment project

Hindustan Times  

The Mahayuti government will soon release a white paper on the Dharavi Redevelopment Project, the revenue minister, Radhakrishna Vikhe Patil, announced in the state assembly on Tuesday. “Following the demand made by Prithviraj Chavan, the state government will come out with a white paper on DRP. While speaking on the budgetary allocation for various departments, Prithviraj Chavan had hit out …

Land Project State Dharavi Chavan Dharavi Redevelopment Project Drp
No land transfer to Adani group in Dharavi slum redevelopment project: Report
6 months ago

No land transfer to Adani group in Dharavi slum redevelopment project: Report

Hindustan Times  

The world's largest slum redevelopment project involves no land transfer to Special Purpose Vehicle created for the project or to the Adani group. Sources close to the project told ANI that land transfer will be done to Dharavi Redevelopment Project/slum rehabilitation authority which is part of Maharashtra government housing department. The ₹23,000 crore slum redevelopment project comes under controversy after …

Maharashtra Rehabilitation Land Project Adani Dharavi Drppl
No land to Adani group, Dharavi land transfer to Maha govt depts; Adani only a developer: Sources
6 months, 1 week ago

No land to Adani group, Dharavi land transfer to Maha govt depts; Adani only a developer: Sources

New Indian Express  

MUMBAI: The multi-crore Dharavi slum redevelopment project involves no land transfer to the Adani group but to the Maharashtra government's departments, and the Ahmedabad-based conglomerate, as a project developer, will build houses that will be handed over to the same departments for allotment to residents of Asia's biggest slums, sources said. Denying allegations of land grab made by MP Varsha …

Maharashtra Land Project Sources Dharavi Drppl Maha
Final Assessment Made By AO After Expiry Of One Month Of Receiving Directions From Dispute Resolution Panel, Is Time Barred: Chennai ITAT
7 months ago

Final Assessment Made By AO After Expiry Of One Month Of Receiving Directions From Dispute Resolution Panel, Is Time Barred: Chennai ITAT

Live Law  

The Chennai ITAT recently held that the final assessment order dated Nov 21, 2017 passed after expiry of one month from the end of the month in which the DRP directions were received by the Revenue is barred by limitation and hence, “passed wholly without jurisdiction and therefore, null in the eyes of law”. Section 144C of Income tax Act …

Assessment Order Month Department Bench Final One Month
Interest Not Leviable From Assessee For Short Payment Of Tax Due To Payer's Default In Deducting TDS Before FY 2012-2013: ITAT
7 months, 2 weeks ago

Interest Not Leviable From Assessee For Short Payment Of Tax Due To Payer's Default In Deducting TDS Before FY 2012-2013: ITAT

Live Law  

The Delhi Bench of Income Tax Appellate Tribunal has held that since the assessee was a non-resident, the entire tax was to be deducted at source on payment made by the payer to it, and there was no question of advance tax payment by the assessee; accordingly, no interest under Section 234B could be levied upon the assessee.The bench of …

India Income Tax Payment Act Source Itat Assessee
Ahmedabad ITAT Explains Difference Between Letter Of Credit From Corporate Guarantee
7 months, 2 weeks ago

Ahmedabad ITAT Explains Difference Between Letter Of Credit From Corporate Guarantee

Live Law  

While upholding ALP adjustment on LOC in case of Axis Bank, the Ahmedabad ITAT rules on difference between letter of comfort and guarantee commission. With respect to LOC being equated to bank guarantees, the Bench comprising Annapurna Gupta and T.R Senthil explains that bank guarantee is a kind of guarantee from a lending organization to cover a debtor's liabilities if …

Bank Case Bench Loc Itat Guarantee Boi
Railways may lease out land to real estate developers in Delhi, Mumbai and Bengaluru
8 months, 3 weeks ago

Railways may lease out land to real estate developers in Delhi, Mumbai and Bengaluru

Hindustan Times  

India’s largest landowner, the Indian Railways, has identified 341.93 hectares of prime land across the country which will be given out to private developers on a 90-year-lease, and from which the railways hopes to generate ₹5000 crore. In Mumbai, the railways are looking to hive off 110.46 hectares at Grant Road, Tardeo, Parel, Bandra east and west, Carnac Bunder among …

India Bengaluru Indian Railways Delhi Mumbai Development Railways
DRPPL begins survey in Dharavi to make Mumbai ‘slum-free’
9 months ago

DRPPL begins survey in Dharavi to make Mumbai ‘slum-free’

Hindustan Times  

Dharavi Redevelopment Project Pvt Ltd, a joint venture between Adani Realty and the state government, began a survey in the area on Monday to collect data from lakhs of informal residents of Dharavi for what is said to be “the largest urban rejuvenation projects in the world” and “the first step towards making Mumbai slum-free.” The survey will also create, …

Mumbai Survey Dharavi Drppl Dharavi Redevelopment Project Drp Redevelopment Project
Adani Group can now earn more from TDR in Dharavi Redevelopment Project
1 year, 1 month ago

Adani Group can now earn more from TDR in Dharavi Redevelopment Project

Hindustan Times  

Controversy over Dharavi Redevelopment Project seems to be deepening further as the state government recently issued a notification to bring in changes in the Development Control Rules which has allowed the use of Transfer of Development Rights without an indexation. This change will give more value to the Adani group for the TDR generated from the Dharavi Redevelopment Project and …

Mumbai Congress Redevelopment Project Group Adani Tdr
Bombay HC orders tax refund of ₹1,128 crore to Vodafone Idea
1 year, 1 month ago

Bombay HC orders tax refund of ₹1,128 crore to Vodafone Idea

Live Mint  

The Bombay High Court has directed the Income Tax department to refund ₹1,128 crore to Vodafone Idea paid by the telecom operator in taxes for the assessment year 2016-2017. In its judgement passed on Wednesday, the Bombay HC ruled that the assessment order passed by the department in August this year against the beleaguered telecom operator was “time barred and …

Tax Assessment Order Officer Idea Vodafone Refund
Delhi High Court Upholds ITAT’s Decision On Selection Of Comparables For Determination Of Arm’s Length Price Of An International Transaction
1 year, 1 month ago

Delhi High Court Upholds ITAT’s Decision On Selection Of Comparables For Determination Of Arm’s Length Price Of An International Transaction

Live Law  

The Delhi High Court had upheld the decision of the Income Tax Appellate Tribunal on the selection of comparables for the determination of the arm’s length price of an international transaction.The Bench of Justice Rajiv Shakdher and Justice Girish Kathpalia observed that the Tribunal not only followed the previous orders mentioned above to maintain consistency but also examined. The Delhi …

High Court Order Price Tribunal Transaction Itat Assessee
IT And Admin Services By Singapore Entity To Its Affiliate In India Can’t Be FTS: Delhi High Court
1 year, 1 month ago

IT And Admin Services By Singapore Entity To Its Affiliate In India Can’t Be FTS: Delhi High Court

Live Law  

The Delhi High Court has held that information technology and other administrative services provided by the respondent or assessee to its affiliate in India could be construed as fees for technical services.The bench of Justice Rajiv Shakdher and Justice Girish Kathpalia has observed that services offered by the respondent or assessee to its Indian affiliates did not come within the. …

India Singapore Services Indian Delhi High Court Tribunal Respondent
Bombay High Court Weekly Round-up: September 18 To September 24, 2023
1 year, 2 months ago

Bombay High Court Weekly Round-up: September 18 To September 24, 2023

Live Law  

Nominal Index Undercarriage and Tractor Parts Pvt. 2023 LiveLaw 450 Mahesh Sitaram Raut v. National Investigation Agency 2023 LiveLaw 451 Hemant Dinkar Kandlur v. Commissioner of Income Tax 2023 LiveLaw 452 Reports/Judgments DRP Can Give Directions Only In Pending Assessment Proceedings: Bombay High Court Case Title: Undercarriage and Tractor Parts Pvt. S.42 NDPS Act | No Reason For Search After …

India Court Bombay High Court Income Tax Title Family Members State
ITAT Imposes Cost Of Rs.10K On Foreign Portfolio Investor For Not Responding To Section 142(1) Notices
1 year, 4 months ago

ITAT Imposes Cost Of Rs.10K On Foreign Portfolio Investor For Not Responding To Section 142(1) Notices

Live Law  

The Mumbai Bench of the Income Tax Appellate Tribunal has imposed a cost of Rs.10,000 on a foreign portfolio investor for not responding to notices under Section 142 of the Income Tax Act.The bench of Vikas Awasthy and Padmavathy has observed that there is negligence on the part of the assessee in not responding to the notices issued by. The …

Tax Assessment Income Notices Cost Itat Assessee
Thane bldg crash trigger for cluster scheme: CM
1 year, 6 months ago

Thane bldg crash trigger for cluster scheme: CM

Hindustan Times  

THANE: Maharashtra state chief minister Eknath Shinde on Monday said the Thane building collapse in November 1998 had triggered the need to pursue cluster development and he was happy to see the project he fought for become a reality when he is the chief minister of the state. Thane bldg crash trigger for cluster scheme: CM Recalling the rescue work …

Development Building Project Shinde Thane Area Nagar
Adani final go-ahead for Dharavi project held up after UD concerns
1 year, 7 months ago

Adani final go-ahead for Dharavi project held up after UD concerns

Hindustan Times  

Mumbai: Five months after the state cabinet approved Adani Realty’s bid for the Dharavi Redevelopment Project, the latter has still to take off, as the government has not issued a final Letter of Award. The urban development department has expressed reservations on the concessions in the indexation of TDR given to Adani as well as the order to city builders …

Mumbai Project Adani Bid Tdr Dharavi Loa
SRA asked to pitch in ₹300 crore for Dharavi Redevelopment Project
1 year, 7 months ago

SRA asked to pitch in ₹300 crore for Dharavi Redevelopment Project

Hindustan Times  

Mumbai: The state government has directed the Slum Rehabilitation Authority to contribute ₹300 crore to the Dharavi Redevelopment Project, of which ₹200 crore will be allotted to Rail Land Development Authority towards the 45-acre railway land and ₹100 crore will be diverted towards DRP’s equity in the Special Purpose Vehicle to be created for the Dharavi project. It was agreed …

Crore Dharavi Sra Drp Spv