One does not see too many instances of the Indian judiciary with the opportunity to construe and pass a verdict on the Foreign Direct Investment (FDI) Policy as formulated by the Government of India, ...

The principle of colourable enactment depends on the adage that what is impossible straightforwardly is impossible by implication. The regulation becomes relevant when a governing body looks to ...

Exemption from dividend distribution tax on buyback amount, the Authority held, is not on when the buyback scheme is a colourable device to avoid payment of distribution tax. The Authority was not ...

When we say Holi, colours is the first thing that comes to mind. Colours represent vibrancy, joy and exuberance in the Holi festival. However, in the Income Tax Act, the expression, “colourable device ...

NEW DELHI, INDIA: Telecom service provider Vodafone told the Supreme Court on Wednesday that there was nothing colourable in its transaction with Hutchison International Ltd. for acquiring its Indian ...

The Tribune, now published from Chandigarh, started publication on February 2, 1881, in Lahore (now in Pakistan). It was started by Sardar Dyal Singh Majithia, a public-spirited philanthropist, and is ...