Loading...

⚠ ✕
❮ Top
☎ Help
☰
×

By creating an account you can:

Logo TaxTMI
Call Us / Help / Feedback✕

Contact Us At :

✉ E-mail: [email protected]

✆ Call / WhatsApp at: +91 99117 96707

For more information, Check Contact Us

FAQs :

To know Frequently Asked Questions, Check FAQs

Most Asked Video Tutorials :

For more tutorials, Check Video Tutorials

Submit Feedback/Suggestion :

Email :
Please provide your email address so we can follow up on your feedback.
Category :
Description :
Min 15 characters 0/2000
Make Most of Text Search ✕
  1. Checkout this video tutorial: How to search effectively on TaxTMI.
  2. Put words in double quotes for exact word search, eg: "income tax"
  3. Avoid noise words such as : 'and, of, the, a'
  4. Sort by Relevance to get the most relevant document.
  5. Press Enter to add multiple terms/multiple phrases, and then click on Search to Search.
  6. Text Search
  7. The system will try to fetch results that contains ALL your words.
  8. Once you add keywords, you'll see a new 'Search In' filter that makes your results even more precise.
  9. Text Search
╳
Add to...
You have not created any category. Kindly create one to bookmark this item!
✕
Create New Category
Hide
Title :
Description :
❮❮ Hide
❮ Default View
Expand ❯❯
Close ✕
🔎 Filters / Advanced Search ❯
TEXT

Press 'Enter' to add multiple search terms. Rules for Better Search

Search In
Main Text + AI Text ❯
  • Main Text
  • Main Text + AI Text
  • AI Text
Category: ?
Categorized by AI
---- All Categories ---- ❯
  • ---- All Categories ----
  • Income Tax
  • GST
  • Customs, DGFT & SEZ
  • FEMA & RBI
  • Corp. Laws, SEBI & IBC
  • PMLA, Black Money & ED
  • Budget
  • News and Press Release
  • PTI News
Month:
---- All Months ---- ❯
  • ---- All Months ----
  • January
  • February
  • March
  • April
  • May
  • June
  • July
  • August
  • September
  • October
  • November
  • December
Year:
---- All Years ---- ❯
  • ---- All Years ----
  • 2026
  • 2025
  • 2024
  • 2023
  • 2022
  • 2021
  • 2020
  • 2019
  • 2018
  • 2017
  • 2016
  • 2015
  • 2014
  • 2013
  • 2012
  • 2011
Sort By: ?
In Sort By 'Default', exact matches for text search are shown at the top, followed by the remaining results in their regular order.
Relevance Default Date
    Tata Trusts puts Rs 25,000 cr SP Group liquidity plan before Tata Sons board
    Tata turf war spills over: Board reappoints Chandrasekaran, Trusts call it illegal
    Scale up fishing capacity in EEZ, target high-value species for export: Minister to fishermen
    FinMin allays fears of increase in cash transactions post UPI MDR levy: Sources
    Tata Sons reappoints Chandrasekaran, but Tata Trusts call the vote 'illegal', setting up boardroom battle
    International Hardware Fair India 2026 to Bring the Tools and Hardware Industry Together from 23–25 October in New Delhi
    86400 Expands Financial Services Technology Portfolio with Three New Launches
    Ministry of Finance to organise a Conference of State Finance Ministers and Finance Secretaries on “Financing India’s Journey towards Viksit Bhara...
    Diwali 2026 Is Late 26 Things Every Clothing Business Must Fix Now
    '84 rules changed': Cong accuses Uttarakhand CM of handing power project meant for PSUs to Adani
    Tata Sons board for Chandra's reappointment, moves to list co; Trusts may challenge decision
    Tata Sons board votes to reappoint Chandrasekaran for third term
    APEDA Signs MoU with Gulfood Organiser to Strengthen Global Food Trade Opportunities
    Rupee slips 3 paise against US dollar
    Delhi HC to hear on Sep 29 pleas against Delhi Gymkhana Club eviction
    SC asks RBI to secure compliance of norms on seizure of financed vehicles by NBFCs, banks
    Empowering CPSEs for Global and Domestic Debt Markets: DPE Holds Interactive Workshop with Leading Credit Rating Agencies
    Indian steel industry creating new opportunities for ferro-alloy sector: IFAPA
    New Zealand parliament passes trade deal with India
    SC directs ED, Delhi Police to submit details of cases against Unitech directors
❮
❯
❯❯
Maximize Maximize Maximize
0 / 200
Expand Note
Add to Folder

No Folders have been created

+

Are you sure you want to delete "My most important" ?

NOTE:

News
Showing Results for :
Reset Filters
Results Found:
Show All Summaries Hide All Summaries
September 17, 2026
Show AI Summary
Selective capital reduction offers a proposed shareholder-liquidity route while preserving private-company status, subject to valuation and approval scrutiny.
Tata Trusts has placed before the Tata Sons board a framework for the Shapoorji Pallonji Group to monetise part of its Tata Sons shareholding without requiring a public listing. The transaction would be valued under Rule 11UA principles, completed in two tranches over 18 months, and require Tata Sons to commence a selective capital reduction process before the National Company Law Tribunal. Completion remains contingent on financing capacity, regulatory and tribunal approvals, and scrutiny of valuation, shareholder treatment, and the legal validity of the capital-reduction structure.
September 17, 2026
Show AI Summary
Board chair reappointment validity turns on mandatory nominee-director approval, amid separate listing-compliance and succession disputes.
Tata Sons' board reappointed its executive chairman by majority vote, but Tata Trusts contend that the resolution is void under the Articles of Association because both Trust-nominated directors must approve a chairmanship resolution. The dispute also concerns the effect of the chairman's earlier decision to step aside, an ongoing successor-selection process, and uncertainty over a nominee director's status following a failed general meeting. Separately, the rejection of Tata Sons' deregistration request has revived questions over compliance with the listing requirement applicable to an upper-layer non-banking financial company.
September 17, 2026
Show AI Summary
Deep-sea fishing access supports export-oriented harvesting of high-value species, with foreign-port high-seas landings recognised as exports.
Deep-sea fishing policy promotes expansion of fishing operations within India's Exclusive Economic Zone (EEZ) and on the high seas to increase fisherfolk income through exports of high-value species. High-seas catch classification has been altered so that fish caught on the high seas and offloaded at a foreign port are treated as exports rather than imports.
September 17, 2026
Show AI Summary
Merchant discount rate on eligible UPI payments places charges on merchants while preserving consumer protections and small merchant exemptions.
Merchant Discount Rate at 0.4 per cent will apply from October 15 to person-to-merchant UPI payments above Rs 2,000, payable by merchants and subject to a cap for high-value transactions. Individual transfers and most everyday merchant payments remain free, while eligible small QR-code merchants are exempt. Essential-service payments and capital-market transactions receive separate fee treatment, and a portion of MDR collections will support small-merchant UPI adoption.
September 17, 2026
Show AI Summary
Board reappointment validity depends on shareholder-nominated director consent, directorship quorum concerns, and leadership continuity amid listing compliance.
Tata Sons' board approved by majority vote the Executive Chairman's reappointment for a further five-year term after he reconsidered an earlier decision not to seek renewal. Tata Trusts contest the validity of the resolution, maintaining that the Articles of Association require affirmative votes from both Trust-nominated directors and that a dissenting vote renders a chairmanship resolution legally void. They also cite the accepted succession process and unresolved directorship status arising from a general meeting lacking quorum.
September 17, 2026
Show AI Summary
Buyer-seller engagement supports sourcing and export-market opportunities for tools and hardware businesses through an international trade fair.
International Hardware Fair India 2026 is scheduled for 23-25 October 2026 at Bharat Mandapam, New Delhi, as a trade platform for the tools and hardware sector. Organised by Koelnmesse in association with the Federation of Indian Export Organisations, it is intended to facilitate product discovery, sourcing activity and exploration of domestic and international markets. Its Reverse Buyer-Seller Meet will bring hosted international buyers together with Indian manufacturers and suppliers for direct discussions on product presentations, buyer requirements and export-market opportunities.
September 17, 2026
Show AI Summary
Financial services technology interoperability drives new card, digital banking and UPI platforms for banks, fintechs and consumers.
86400 has expanded its financial-services technology portfolio through CardsXT as a Service, a UPI app experience and IBMB, extending its activities across card-programme infrastructure, consumer-facing digital payments and digital banking. CardsXT is intended to let banks and fintechs build, launch and manage card programmes through an integrated offering, with flexibility to develop and scale card products while reducing card-lifecycle technology complexity. The UPI app experience provides a platform developed by 86400 for a more seamless consumer UPI payments experience.
September 17, 2026
Show AI Summary
Intergovernmental fiscal coordination will guide deliberations on macroeconomic priorities, agricultural transformation, energy transition, growth measurement, and technology-enabled governance.
The thematic programme covers the macroeconomic outlook, financing agricultural transformation, and financing the energy transition. Background material addresses macroeconomic pathways, private financing, implications of GST 2.0 for States, agricultural markets and marketing, agricultural resilience and sustainable resource use, renewable energy and transmission assets, and carbon capture, utilisation and storage. Further sessions address measurement of growth outcomes and the contribution of new-age technology to good governance.
September 17, 2026
Show AI Summary
GST-compliant festive planning helps apparel businesses protect input tax credit, manage price thresholds, inventory, cash flow and peak-season operations.
GST-sensitive festive planning for apparel businesses requires early procurement, phased inventory, supplier reorder commitments and separate stock strategies for the post-Diwali wedding season. Pricing and costing require assessment of the revised GST structure for readymade garments and GST-rate reductions affecting man-made fibres and yarns. Proper purchase documentation is important for protecting input tax credit during high-volume festive transactions. Cash-flow planning, credit limits, return policies, retail staffing, digital campaigns and weekly sell-through monitoring support replenishment and pricing decisions.
September 17, 2026
Show AI Summary
Competitive Tender Conditions: allegations question replacement of a public-sector power project with terms allegedly favouring a single supplier.
Allegations of tender tailoring concern the replacement of a proposed UJVN-THDC public-sector thermal project with long-term procurement of 1,320 MW from a private generating plant. Congress alleges that 84 of 86 tender conditions were revised after the public-sector venture was abandoned, producing terms suited to an existing Korba expansion acquired by Adani Power through insolvency proceedings. The objections include plant-location flexibility, transmission costs for supply to Uttarakhand, and a 75% fixed-charge ceiling, which are alleged to narrow competition and shift long-term costs to consumers.
September 17, 2026
Show AI Summary
Upper-layer NBFC listing requirements drive Tata Sons' listing process and proposed leadership renewal, subject to shareholder approval.
RBI's refusal to permit Tata Sons to surrender its core investment company registration revives the prospect of a public listing. Classified as an upper-layer non-banking financial company, Tata Sons is subject to a listing requirement whose deadline expired while its deregistration request was under consideration. Its board has agreed to advance the listing process, subject to annual general meeting approval. Any legal challenge to the refusal of deregistration may be pursued by Tata Sons itself rather than directly by the Tata Trusts.
September 17, 2026
Show AI Summary
Mandatory listing obligations for upper-layer non-banking financial companies drive leadership continuity planning after deregistration is rejected.
Rejection of Tata Sons' request to deregister as a core investment company leaves it subject to the mandatory listing obligation arising from its upper-layer non-banking financial company classification. The board's majority support for N. Chandrasekaran's third term is linked to maintaining leadership continuity for prospective investors if a public listing proceeds.
September 17, 2026
Show AI Summary
Gulfood partnership expands market access for food exporters through global buyer engagement and broader inclusion of emerging enterprises.
APEDA and InD Events Dubai have entered into a memorandum of understanding to support India's participation as Official Partner Country at Gulfood 2027. The partnership is directed at increasing global visibility for India's agricultural and processed food products, connecting Indian exporters with international buyers, and expanding market-access and business-engagement opportunities. Participation will bring together exporters, farmer producer organisations, MSMEs, startups, commodity boards and government institutions through product showcases, curated business-to-business meetings, conferences and industry engagements.
September 16, 2026
Show AI Summary
Foreign exchange pressure drives rupee depreciation as a stronger dollar, capital outflows, and elevated crude prices weigh on markets.
Rupee depreciation continued for a seventh consecutive session, with the currency closing weaker against the US dollar amid overseas dollar strength and foreign fund outflows. Elevated crude oil prices and rising US Treasury yields increased pressure by raising importers' demand for dollars, while positive domestic equity markets limited the decline. Dollar strength reflected expectations of a US interest-rate increase, while domestic equity gains contrasted with net foreign institutional investor equity sales.
September 16, 2026
Show AI Summary
Perpetual lease termination and public-premises eviction challenge turns on privity, statutory jurisdiction bar, and interim protection.
Challenges concern termination of Delhi Gymkhana Club's perpetual lease and a show-cause notice seeking eviction. The Government maintains that a member who is not party or privy to the bilateral lease has no personal estate in the land or right to restrain contractual resumption. It also contends that the Public Premises (Eviction of Unauthorised Occupants) Act bars civil-court eviction proceedings and injunctions against estate-officer action. The challengers seek a stay or status quo, arguing that the notice prematurely assumes valid lease termination.
September 16, 2026
Show AI Summary
Lawful vehicle repossession requires contractual notice, due process, and safeguards against force, stealth, harassment, and arbitrary recovery methods.
Vehicle repossession by banks and non-banking financial companies must be lawful and fair despite contractual self-help repossession rights. Lenders and recovery agents must not use force, stealth, intimidation, harassment, or arbitrary methods. Legally valid repossession clauses must provide notice periods, lawful possession procedures, a final repayment opportunity, and sale or auction processes. Financial institutions must ensure recovery-agent compliance and prevent unlawful dispossession of borrowers from hypothecated vehicles.
September 16, 2026
Show AI Summary
Credit rating transparency strengthens public enterprise access to debt markets through disclosure, risk assessment, and capital structure optimisation.
Objective and independent credit ratings measure CPSE financial strength, risk, credibility, and public-sector creditworthiness, supporting benchmarking and cost-effective access to global and domestic debt markets. Engagement between CPSE leadership and rating agencies focuses on rating methodologies, risk pricing, debt-market dynamics, transparent disclosures, and capital-structure optimisation. Such engagement is directed toward improving credit assessment, investor information, regulatory compliance, funding access at competitive rates, and market-facing disclosure practices.
September 16, 2026
Show AI Summary
Raw-material security and import-duty reform are urged to strengthen ferro-alloy competitiveness amid expanding steel demand.
Ferro-alloy competitiveness depends on raw-material security, commercially viable domestic mineral access and lower input costs as steel demand expands. Faster exploration and development of manganese, chrome and other critical minerals, supported by mine-auction frameworks that encourage operational production, can reduce import dependence. Measures sought include zero import duties on unavailable-grade raw materials for noble alloys, competitive electricity costs and rationalised electricity levies. Cleaner energy, efficient furnaces, automation and improved raw-material utilisation are also necessary to reduce costs and emissions.
September 16, 2026
Show AI Summary
Free trade agreement tariff liberalisation expands market access through phased concessions, services mobility pathways, safeguards, and investment commitments.
The free trade agreement grants duty-free access across all New Zealand tariff lines for Indian exports and provides Indian tariff liberalisation for a substantial share of New Zealand goods, while preserving exclusions for sensitive dairy, agricultural, industrial and other specified products. It provides duty-free entry, phased levy reductions, and quota-based concessions with minimum import price and other safeguards for identified goods. New Zealand also commits market access for Indian service suppliers and establishes skilled-employment, student-mobility and post-study work visa pathways.
September 16, 2026
Show AI Summary
Expedited criminal trials involving real-estate directors require consolidated case details and safeguards against homebuyer inconvenience.
Supreme Court sought case details from the Enforcement Directorate and Delhi Police to facilitate expeditious criminal prosecution of Unitech directors without causing inconvenience to homebuyers. Protection of purchasers and completion of stalled housing projects remain central concerns. Project revival measures include RERA registration exemption for specified projects to enable stalled homebuyer loan disbursals, scrutiny of loan accounts classified as non-performing, and authority for the Centre-appointed board to raise outstanding funds, sell inventory, and monetise unencumbered assets for completion of housing units.

News

Back

All News

Showing Results for :
Reset Filters
No Records Found

News

Back

All News

PMLA / Black Money

National Herald case: ED chargesheets Congress leaders Sonia, Rahul Gandhi; Cong says “vendetta politics”

April 15, 2025

Contents
Summary
Note

Note

-

Bookmark

Print

Print

New Delhi, Apr 15 (PTI) The Enforcement Directorate has filed a chargesheet against Congress leaders Sonia Gandhi and Rahul Gandhi and others before a special court here in the National Herald case accusing them of allegedly laundering Rs 988 crore.

The prosecution complaint filed on April 9 under various sections of the Prevention of Money Laundering Act (PMLA) named Sonia Gandhi, a former Congress president, as the accused no 1, and her son and MP Rahul Gandhi, who is also the Leader of Opposition in the Lok Sabha, as the accused no 2.

The Congress on Tuesday alleged the action by the Enforcement Directorate(ED) against Sonia and Rahul Gandhi was "vendetta politics" and that seizing of assets in the case was a "state-sponsored crime masquerading as the rule of law".

As the ED move triggered a political slugfest, the BJP said the proceedings in the case began with the order of the court.

“Do they mean the court was taking vindictive action against them?” asked BJP national spokesperson Shehzad Poonwalla.

A "criminal conspiracy" was carried out by Congress leaders to "usurp" properties worth Rs 2,000 crore of its public company Associated Journals Limited(AJL) by transferring 99 per cent shares to their private company named Young Indian for just Rs 50 lakh, a firm where Sonia and Rahul Gandhi are the majority shareholders, the ED is learnt to have said in its chargesheet. AJL is the publisher of the Congress-controlled National Herald news platform (newspaper and web portal) and it is owned by Young Indian Private Limited.

Sources told PTI that the ED has pegged the "proceeds of crime" in the money laundering case at Rs 988 crore and the current market value of the linked assets at Rs 5,000 crore.

Special judge Vishal Gogne examined the chargesheet on the point of cognisance and posted the matter for further proceedings on April 25.

The other accused named are Congress party associates Suman Dubey, Sam Pitroda, two companies Young Indian and Dotex Merchandise Pvt Ltd and Sunil Bhandari (of Dotex Merchandise).

"The present prosecution complaint shall next be taken up for consideration on the aspect of cognisance before this court on April 25, 2025 when the special counsel for the ED and IO shall also ensure the production of the case diaries for perusal by the court," the judge said.

The ED has filed the chargesheet under sections 44 and 45 of the PMLA for "commission of offence of money laundering" as defined under section 3 of the Act along with section 70 (offences by companies) seeking to establish "vicarious liability" of the office bearers and executives of the firm. It has sought punishment against the accused under section 4 of PMLA where punishment can extend up to seven years.

"Let the complaint be checked and registered. The Ahlmad (court staff) shall ensure that the entire file/documents are properly paginated. The ED is directed to file a soft copy of the complaint and documents in readable/OCR format by the next date," Judge Gogne said.

Judge Gogne, who deals with cases relating to lawmakers, noted the submission of the ED, which would be moving an application before the district judge for the transfer of the case related to the predicate offence for alleged cheating, criminal conspiracy and other offence from another court to his court. The ED had started its investigation in the present matter based on the case related to the predicate offence.

The predicate offence is required to be tried by the same court which takes cognisance of the offence under Section 3 PMLA, the judge said, and Sonia Gandhi and Rahul Gandhi were members of the Rajya Sabha and Lok Sabha respectively.

"Essentially, the two offences viz the predicate offence and the PMLA offence are required to be tried by the same court." Since the allegations in the present complaint were arising from the predicate offence, the file in the predicate offence were required to be called for perusal, the court added.

"However, the power of assignment or transfer of a matter is not vested with this court and is rather the prerogative of the Principal District & Sessions Judge, Rouse Avenue Courts Complex, New Delhi." The ED on Saturday said it has served notices to take possession of immovable assets worth Rs 661 crore that it had attached as part of a money laundering probe linked to National Herald newspaper and the AJL.

The ED investigation began in 2021 after a metropolitan magistrate in Patiala House courts in Delhi took cognisance of a private complaint filed by BJP leader Subramanian Swamy on June 26, 2014.

The complaint, the ED said, highlighted a "criminal conspiracy" by several prominent political figures, including the first family of the Congress party led by Sonia, Rahul, late Congress leaders Motilal Vora and Oscar Fernandes aside from Dubey, Pitroda and a private company Young Indian for their alleged involvement in money laundering in relation to the fraudulent takeover of properties valued over Rs 2,000 crore belonging to the AJL.

"The legal proceedings against the accused have faced challenges but have been upheld by both the Delhi High Court and the Supreme Court of India, allowing the investigation to proceed," the ED said.

Sonia and Rahul Gandhi are majority shareholders of Young Indian with 38 per cent shares held by each one of them. They were questioned for hours by the ED in this case a few years ago.

The ED claimed its investigation has "conclusively" found that Young Indian, a private company "beneficially owned" by Sonia and Rahul, "acquired" AJL properties worth Rs 2,000 crore for a mere Rs 50 lakh, significantly undervaluing its worth.

"Young Indian and AJL properties were used for generation of further proceeds of crime in the form of bogus donations to the tune of Rs 18 crore, bogus advance rent to the tune of Rs 38 crore and bogus advertisements of Rs 29 crore," it alleged.

Congress general secretary in-charge communications Jairam Ramesh asserted that the Congress and its leadership would not be silenced and that the truth shall prevail.

"Filing chargesheets against Sonia Gandhi, Rahul Gandhi, and some others is nothing but politics of vendetta and intimidation by the prime minister and the home minister gone completely berserk," Ramesh said in a post on X.

"Seizing the assets of the National Herald is a state-sponsored crime masquerading as the rule of law.” Congress leader Abhishek Singhvi termed the case as "fake" and said by indulging in such action, the government is exposing itself and its vendetta politics.

"As stated years ago when this was initiated, the National Herald case is a one-trick wonder where this government has started a money laundering investigation without there being any movement of money, any movement of property, any activity which caused a transfer," he said in a video statement. PTI UK NES AMK SKC PK GSN GSN GSN

Topics

Acts Income Tax