Tax experts say the measure, if incorporated in the upcoming budget, will be applicable to a clutch of transactions carried out in recent years.
Water supply to Carlsberg brewery in Aurangabad has been cut, thanks to Maharashtra govt’s directive to stop supply of water to breweries and distilleries in Marathwada region.
Search was based on information gathered by the Nagpur division of the I-T dept which has been probing Purti group of cos run by Mr Gadkari.
The producers of Officer’s Choice whisky had challenged the use of the brand name that sounds and looks similar to its name.
Klassic Entertainment had entered into an agreement with Zee for the production of the television serial ‘Maayka-… Sath Zindagi Bhar Ka’ .
Estate duty is known in many countries as the 'death tax'. In US, estate tax is imposed on the transfer of 'taxable estate' of a deceased person.
The taxpayer company was served a notice for reopening the assessment under section 147 of the I-T Act.
The division bench that made the ruling comprised Justice Girish Chandra Gupta and Justice Mrinal Kanti Sinha.
A senior official of the company, however, denied the allegation and said their books of accounts are in order. The Lloyds Group is into manufacturing steel and related products.
A member of the Parliament is seeking a probe into a possible foreign direct investment rules violation at the insurer Future Generali.
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