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SEBI bars Prannoy Roy and Radhika Roy from NDTV Director board for 2 Years [Read Order]

Taxscan Team

The Securities Exchange Board of India ( SEBI ) has barred Prannoy Roy and his wife Radhika Roy from holding any directorship in New Delhi Television...

Bombay HC allows NDTVs Plea: Asks RBI to consider Compounding Plea on FEMA Violations [Read...

Delhi HC Grants Relief to NDTV Founders, ITAT Orders in Prannoy Roy’s Tax Case Quashed [Read Order]

Television News Software produced is Eligible for IT deduction as Customized Electronic Data: Delhi...

Setback for NDTV: Delhi HC upholds Income Tax department’s move to initiate Re-Assessment...

Delhi HC Grants Interim Relief to NDTV: Asks Dept Not to Take any Coercive Measures [Read Order]

Granting interim relief to NDTV, the Delhi High Court has restricted the income tax department from taking any coercive measures against the channel after the ITAT dismissed its second appeal. Post...

ITAT Delhi Upholds Demand of Rs. 218.30 Crores against NDTV

The Delhi ITAT, recently upheld a tax demand raised on a $150 million investment by a US television network in NDTV in 2008. It held that the assesse, NDTV indulged in a clear cut case of "abuse of...

ITAT has No Power to Grant Stay in Penalty Matters: Delhi HC vacates stay of Rs. 525 crore on NDTV

In a major set back to New Delhi Television Ltd (NDTV), the Delhi High Court vacated the stay granted by the Income Tax Appellate Tribunal.While invalidating the stay order freezing demand of Rs. 525...

Deduction allowable on expenses for ‘Software Upgradation’: ITAT Delhi [Read Order]

The Income Tax Appellate Tribunal, Delhi in a recent decision held that the assessee-company is entitled to deduction in respect of expenses incurred by him in respect of upgradation of Software since...