The Supreme Court on Wednesday, while deciding a criminal appeal, held that the prior sanction for prosecution as per Section 197 of the Code of Criminal Procedure is not required to prosecute a public servant for the act of creating fake documents as the alleged acts do not form a part of his official duty. In this case, the High …
The Karnataka High Courthas directed the Income Tax Department to issue a 'Nil Tax Deduction at Source' Certificate to Flipkart under Section 195 of the Income Tax Act, 1961, with respect to the reimbursements made by it to Walmart Inc. Walmart had seconded employees to Flipkart in terms of a Master Service Agreement. Walmart Inc. raised invoices for the said …
The European Commission on Tuesday granted Microsoft unconditional approval for its purchase of Nuance, an artificial intelligence and cloud computing company. The commission said the $19.7 billion buyout would raise no competition concerns in transcription software, cloud services, and PC operating systems markets in the European Economic Area. With this deal, Microsoft aims to boost its presence in healthcare cloud …
