Articles for Normal Course

Interest Paid On Loan Taken To Invest In Shares Of Subsidiary In Normal Course Of Business Activities Is Allowable Expenditure: Bombay High Court
1 year, 1 month ago

Interest Paid On Loan Taken To Invest In Shares Of Subsidiary In Normal Course Of Business Activities Is Allowable Expenditure: Bombay High Court

Live Law  

The Bombay High Court has held that if an assessee for commercial expediency and in the normal course of its business activities takes loan to invest in shares of its subsidiary, the interest paid on these advances utilised is allowable expenditure under Section 36 of the Income Tax Act.The bench of Justice K. R. Shriram and Justice Neela Gokhale has …

Business Tax Bombay High Court Loan Income Interest Cbi
Migrant Workers Not Stranded Persons? The Illegal & Inhuman Effect Of MHA Clarification
4 years, 10 months ago

Migrant Workers Not Stranded Persons? The Illegal & Inhuman Effect Of MHA Clarification

Live Law  

It was after 37 days of the lockdown that the Central Government allowed the inter-state movement of migrant workers and other persons who got stranded at different places due to the restrictions imposed in the wake of COVID-19 pandemic.This permission followed several heart-rending reports of migrant workers, who were left without work in cities, walking over hundreds of kilometers. After …

Home Karnataka Places Order Migrant Workers State Letter
Permission For Inter-State Travel Not Meant For Persons Who Otherwise Reside Normally In Places Other Than Native Place : MHA
4 years, 10 months ago

Permission For Inter-State Travel Not Meant For Persons Who Otherwise Reside Normally In Places Other Than Native Place : MHA

Live Law  

The Ministry of Home Affairs issued a clarification with respect to the order allowing inter-state movement of persons stranded due to lockdown. "It is clarified that order regarding movement of persons amid lockdown is not extended to those categories of persons who're otherwise residing normally at places other than native places for purposes of work etc.&those who wish to visit …

Places Order Mha Native Movement Persons Native Place
PMC Bank crisis: HDIL says loans taken after giving 'adequate security' cover; willing to discuss with bank to protect depositors' interest
5 years, 5 months ago

PMC Bank crisis: HDIL says loans taken after giving 'adequate security' cover; willing to discuss with bank to protect depositors' interest

Firstpost  

Crisis-hit HDIL on Tuesday said that loans taken from banks including Punjab and Maharashtra Cooperative Bank were in normal course of business after providing adequate security cover and that it is ready to discuss with the bank to protect the interest of depositors New Delhi: Crisis-hit HDIL on Tuesday said that loans taken from banks including Punjab and Maharashtra Cooperative …

Bank Company Pmc Wadhawan Full Cooperation Depositors Pmc Bank
Aircel-Maxis case: Chidambaram says gave approval in normal course of business
7 years, 11 months ago

Aircel-Maxis case: Chidambaram says gave approval in normal course of business

Live Mint  

Chennai: Former union finance minister P. Chidambaram on Tuesday said he had granted approval to the Aircel-Maxis deal “in the normal course of business.” “In the Aircel-Maxis case, taking into account the face value of the foreign investment, the FIPB submitted the case to the finance minister and sought approval. During the brief hearing on Monday, BJP leader Subramanian Swamy …

Case Minister Cbi Chidambaram Normal Course Fipb Fipb Clearance
Gave approval to Aircel-Maxis deal in normal course of business: Chidambaram
7 years, 11 months ago

Gave approval to Aircel-Maxis deal in normal course of business: Chidambaram

The Hindu  

Former Union Finance Minister P. Chidambaram on Tuesday said he had granted approval to the Aircel-Maxis deal “in the normal course of business.” “In the Aircel-Maxis case, taking into account the face value of the foreign investment, the FIPB submitted the case to the Finance Minister and sought approval. Mr. Chidambaram’s remarks comes a day after the Supreme Court asked …

Finance Case Minister Cbi Deal Approval Chidambaram
Employees taking VRS cannot be treated on a similar footing as those retiring in normal course: hence no violation of Article 14 and no violation of the principle of equal pay for equal work;SC
10 years, 2 months ago

Employees taking VRS cannot be treated on a similar footing as those retiring in normal course: hence no violation of Article 14 and no violation of the principle of equal pay for equal work;SC

Live Law  

The Supreme Court held that, under normal circumstances when an employee retires from service, his relationship with the employer comes to an end. Further, in the instant case the employees who retired under voluntary retirement scheme form a separate class as compared to those who retired in normal course. The learned counsel appearing for the employees, who had retired under …

Court Pension Employees Normal Pay Service Supreme