Karnataka High Court

Deferred Tax Liability on Special Reserve created under Section 36(1) (viii) of the Income Tax Act, 1961

RBI/2013-14/412 DBOD. No.BP.BC.77/21.04.018/2013-14 December 20, 2013 The Chairmen and Managing Directors / Chief Executive Officers of all Commercial Banks (excluding Regional Rural Banks) Dear Sir, Deferred Tax Liability on Special Reserve created under Section 36(1) (viii) of the Income Tax Act, 1961 Please refer to our mailbox clarification dated November 6, 2009 with respect to… Read More

Tags: BanksGovernment of IndiaIncome taxIncome Tax ActIncome Tax Act 1961IndiaKarnataka High CourtUnited States

15 firms face criminal charges for Labour law violations

At least 15 leading private infrastructure and  construction companies, who were executing work for the Bangalore based Namma Metro project, have been slapped with criminal cases by the Union Ministry of Labour and Employment for allegedly violation of labour laws. A report was submitted by the Deputy Chief Labour Commissioner (Central), Ministry of Labour and Employment, Bangalore,… Read More

Tags: BangaloreConstruction workerIndiaKarnataka High CourtLabourLabour lawMinistry of Labour & EmploymentNamma Metro

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