HC quashes prosecution of auditors of IL&FS

In a major relief to auditors BSR Associates and Delotte Haskins and Sells, Bombay high court on Tuesday quashed the prosecution of the erstwhile auditors of crisis-ridden IL&FS for being…

E-assessment alone not enough: HC

The e-proceedings facility introduced by the income tax (I-T) department from 2017-18 can lead to erroneous assessments as officials conclude these without “personal hearing” of the assessees, the Madras high…

CCI probe: HC gives Amazon, Flipkart relief

The court’s decision is a relief for Amazon and Flipkart, which is owned by US-based retail giant Walmart. Both the e-taliers have faced tightening regulations as protests from traders against…

CCI calls Amazon’s arguments ‘mischievous’

The Competition Commission of India (CCI) slammed Amazon India in the Karnataka high court (HC) on Thursday, saying its arguments were “mischievous” and that it is not answerable to the…