Anil Ambani Gets Big Relief: Bombay High Court Grants Interim Protection In Tax Evasion Case

The Bombay High Court granted industrialist Anil Ambani interim protection from prosecution and penalties in a tax-evasion case while admitting his petition challenging provisions of the Black Money Act. Ambani contends that certain provisions of the law are unconstitutional and violate the Constitution of India.

Property Tax Case: Karnataka High Court Stays Rs.39.56 Crore Recovery Notice Against Chalet Hotels

Chalet Hotels Ltd secured a stay from the High Court of Karnataka against a sale notice issued by the Greater Bengaluru Authority. The dispute concerns alleged unpaid property taxes of Rs 39.56 crore on its Whitefield asset in Bengaluru.

Delhi High Court Quashes IT Reassessment Notices Against NDTV Founders Prannoy Roy and Radhika Roy

Today, On 19th January, Delhi High Court quashed IT reassessment notices issued to NDTV founders Prannoy Roy and Radhika Roy, also imposing a Rs.2 lakh penalty. The case concerned interest-free loans advanced to RRPR Holding, the promoter entity of NDTV at issue.