income-tax department (I-T)
Telenor Group has approached Delhi High Court seeking that its Joint Venture partner Unitech Ltd be asked to set aside Rs 6,400 crore, or be directed to provide guarantees for the amount through a deposit. The Norwegian company moved the court as it fears the real estate company may not be able to pay the [...] Continue Reading »
In a influential verdict, the Delhi High Court has ruled that in case of employees living in company-leased accommodation, money spent on repairs and renovations of such residences is not taxable. The ruling is set to have far reaching impact. If unchallenged in the Supreme Court, it implies those living in company-provided accommodation will not [...] Continue Reading »
