The Income Tax Appellate Tribunal annulled a reassessment order against Lalit Kumar Modi for AY 2010–11 that had raised his taxable income from Rs 54.81 lakh to Rs 20.12 crore, citing unexplained credit card spending, private jet lease and fuel costs, and Golden Wings liabilities.
The National Company Law Appellate Tribunal (NCLAT) dismissed Jindal Poly Films Limited’s appeal challenging the National Company Law Tribunal (NCLT) order admitting a shareholder class action petition and directing issuance of public notice under the Companies Act, 2013, affirming continuation of class action proceedings.
New Delhi: On 19th Feb, The Supreme Court ordered the West Bengal government to pay a fine of Rs 10 lakh to a retired government employee who has not received his full retirement benefits even after 18 years. The employee, who retired in 2007, has been getting only a provisional pension while waiting for his dues.
