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Supreme Court refuses to entertain PIL seeking scrapping of TDS system under IT law

New Delhi, Jan 24 (PTI) The Supreme Court on Friday refused to entertain a PIL seeking scrapping of TDS (tax deducted at source) framework under the Income Tax Act, saying this is levied “everywhere”. A bench comprising Chief Justice Sanjiv Khanna and Justice Sanjay Kumar, however, permitted lawyer petitioner Ashwini Upadhyay to move the Delhi HC with his plea. The bench observed that the plea was “very badly drafted” and should be moved in the Delhi High Court. “Sorry we will not entertain it… It is very badly drafted. However, you can move the Delhi High Court,” the CJI said,

Adani Green appoints independent law firms to review US indictment

Jan 24 (Reuters) – India’s Adani Green said it has appointed independent law firms to review the U.S. indictment of founder Gautam Adani and top Adani Green executives for paying $265 million in bribes for power contracts. The appointment of the law firms was announced in a 33-page earnings regulatory filing made by Adani Green late on Thursday, where it did not disclose the names of the firms, but said it continued to assert the company’s compliance of applicable laws and regulations. In November, U.S. authorities indicted Adani, his nephew and Executive Director Sagar Adani and Managing Director Vneet S.

India’s Jan business growth at 14-month low due to weaker services demand, PMI shows

BENGALURU, Jan 24 (Reuters) – India’s business activity grew at the slowest pace in over a year in January, a survey showed, highlighting emerging cracks in its world-beating economic growth at start of 2025 although firms hired new staff at a record pace. The services industry is the major engine of Asia’s third-largest economy and the latest data raises concerns about the sustainability of a strong economic performance with government estimates pointing to slower overall growth of 6.4% this fiscal year. HSBC’s flash India Composite Purchasing Managers’ Index tab, compiled by S&P Global, fell to 57.9 in January, the lowest

NDTV loan case: Delhi court accepts CBI closure report

New Delhi, Jan 23 (PTI) A Delhi court on Thursday accepted a closure report filed by the CBI in an alleged case of irregularities by the ICICI Bank in accepting loan repayment from NDTV, saying “it appeared to be satisfactory”. Special judge Shailender Malik accepted the closure report after going through the report, and the submissions made by the CBI, and the complainant in the case, who said he did not want to file any “protest petition” as he was satisfied with the investigation. The CBI filed the closure report before a special court last year, after its six-year-long probe

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