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Category: Corporate

Centre Can Issue ‘Leave India Notice’ to Foreign National Residing on Employment Visa Obtained Through Fraud: Karnataka High Court

The Karnataka High Court has upheld the Centre’s authority to issue a “Leave India Notice” to a foreign national who is found to be residing in India on an employment visa that was obtained by fraudulent

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Use of Tissue Culture Technology Does Not Bar Tax Exemption on Agricultural Income: Telangana High Court

The Telangana High Court has held that income from the sale of tissue-cultured plants qualifies as agricultural income and is therefore exempt from income tax under the provisions governing agricultural income, even though advanced scientific techniques

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Employer Retains Right to Disciplinary Action Even After POSH Conciliation Settlement: Gauhati High Court

The Gauhati High Court has clarified that an employer can still initiate disciplinary proceedings against an employee even after a conciliation settlement under the POSH (Sexual Harassment of Women at Workplace) Act. The Court explained that

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Deliberately Appending a Mismatched Signature to Prevent Encashment of a Cheque Attracts Section 138 NI Act: J&K&L High Court

The Jammu & Kashmir and Ladakh High Court has held that deliberately signing a cheque with a signature that does not match the specimen — with the intent of preventing its encashment — can amount to

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Supreme Court: Transaction Designed for Tax Avoidance — Denies Income-Tax Relief to Tiger Global in Flipkart-Walmart Deal

The Supreme Court of India has ruled against Tiger Global in a long-running tax dispute arising from its 2018 sale of a Flipkart stake to Walmart, holding that the transaction was structured for tax avoidance and

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Karnataka High Court Quashes Cheque Bounce Case Against Director Who Was Not Director When Cheques Were Issued

The Karnataka High Court has quashed a cheque dishonour complaint under Section 138 of the Negotiable Instruments Act against a man after referring to official records showing that he was not a director of the company

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