Case Law : M/s Mangal Keshav Securities Limited Vs. ACIT (ITAT Mumbai)
Topic:
No disallowance of Penalty paid for procedural non-compliances
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Schneider buys Meher Capacitors
Energy management major Schneider Electric on Thursday announced its second Indian acquisition in two months – that of Meher Capacitors from the family-run Meher Group, Bangalore. Mr Olivier Blum, Country...
NMDC plans to expand sponge iron capacity
The country’s single largest iron ore producer and exporter, NMDC Ltd, hopes to complete the merger of Sponge Iron India Ltd with itself in the next three months. Plans are afoot to enhance the capacity of its...
Reliance Cement buyout to raise capacity to 15million tonnes per annum: Birla Corp.
Birla Corporation today said the acquisition of Reliance Infra’s cement business in a Rs 4,800 crore deal will increase its total capacity by to 15.5 million tonnes per annum from 10 MTPA at present. Birla...
Case Law : Tata Consultancy Services Vs. ACIT
Tata Consultancy Services Vs. ACIT (ITAT Mumbai) Topic: There are two matters:- Whether payments made for purchase of unexpired processing contracts can be treated as capital in nature. Whether depreciation on lease of...
Adani Power Ramps Up Capacity
Adani Power Ltd (APL), the country’s largest private sector power generation company, has acquired Lanco Infratech’s Udupi plant for Rs 6,000 crore. The installed capacity of the plant is 1,200 MW. APL’s installed...
DoJ seeks more details from US Steel, Nippon Steel on proposed merger
The U.S. Department of Justice is seeking more details and documentary materials as part of an antitrust review of Nippon Steel’s proposed $15 billion takeover of U.S. Steel, the American firm said on Thursday...
WEC Energy to acquire majority stake in Dallas solar project
U.S. electric utility WEC Energy Group said on Monday it will acquire 90% ownership stake in a solar project located near Dallas, Texas for about $459 million. The 300-megawatt solar project Delilah I is developed by...
Sandur Manganese to foray into speciality steel with buyout of Arjas Steel
Sandur Manganese and Iron Ore is foraying into the speciality steel sector in India with the buyout of Arjas Steel, which is among the top five producers of speciality steel products in the country. Sandur Manganese...
Thyssenkrupp sells stake in steel unit to Czech billionaire Kretinsky
Thyssenkrupp will sell a 20% stake in its steel business to the energy holding controlled by Czech billionaire Daniel Kretinsky, a major breakthrough for the German conglomerate after years of unsuccessful attempts to...
Macquarie drops plan to sell India clean energy company Vibrant
Australia’s Macquarie Asset Management has called off plans to sell renewable energy platform Vibrant Energy due to a valuation mismatch in negotiations, said people aware of the development. Vibrant, a portfolio...
Bunge-Viterra agriculture merger runs into Canada competition concerns
Canada’s Competition Bureau on Tuesday said it found major competition concerns around U.S. grains merchant Bunge’s proposed acquisition of Glencore-backed Viterra, throwing an obstacle before a global...