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In a ruling that could significantly influence the tax liabilities of Non-Resident Indians (NRIs) investing in Indian mutual funds, the Income Tax Appellate Tribunal (ITAT), Mumbai bench, has determined that capital gains earned by NRIs on the redemption of mutual fund units are not taxable in India. This decision was delivered in a case involving a Singapore-based NRI who had declared short-term capital gains from mutual fund investments but claimed exemption under the Double Taxation Avoidance
In a ruling that could significantly influence the tax liabilities of Non-Resident Indians (NRIs) investing in Indian mutual funds, the Income Tax Appellate Tribunal (ITAT), Mumbai bench, has determined that capital gains earned by NRIs on the redemption of mutual fund units are not taxable in India. This decision was delivered in a case involving a Singapore-based NRI who had declared short-term capital gains from mutual fund investments but claimed exemption under the Double Taxation Avoidance
A federal judge has declined a request to block immigration enforcement operations at religious institutions, marking a significant development in the ongoing legal battle over the balance between national immigration policy and religious freedom. The ruling was delivered by U.S. District Judge Dabney Friedrich in Washington, D.C., who determined that the plaintiffs—over two dozen religious organizations representing Christian and Jewish communities—did not demonstrate sufficient gro
A federal judge has declined a request to block immigration enforcement operations at religious institutions, marking a significant development in the ongoing legal battle over the balance between national immigration policy and religious freedom. The ruling was delivered by U.S. District Judge Dabney Friedrich in Washington, D.C., who determined that the plaintiffs—over two dozen religious organizations representing Christian and Jewish communities—did not demonstrate sufficient gro
South Korea’s Constitutional Court has officially removed President Yoon Suk Yeol from office after unanimously upholding his impeachment. The historic decision, which comes months after the National Assembly voted to impeach him, has sent shockwaves through the country’s political landscape. This ruling marks only the second time a South Korean president has been ousted in modern history, following the impeachment of former leader Park Geun-hye in 2017.
The court'
South Korea’s Constitutional Court has officially removed President Yoon Suk Yeol from office after unanimously upholding his impeachment. The historic decision, which comes months after the National Assembly voted to impeach him, has sent shockwaves through the country’s political landscape. This ruling marks only the second time a South Korean president has been ousted in modern history, following the impeachment of former leader Park Geun-hye in 2017.
The court'
A federal judge in Maryland has issued an injunction against immigration enforcement in houses of worship, marking a significant legal victory for religious groups challenging the Trump administration’s revised deportation policy.The ruling, issued by U.S. District Judge Theodore Chang, temporarily halts immigration operations targeting Quaker congregations, Baptist churches, and a Sikh temple, following a lawsuit that argues the policy change violates religious freedom.
A federal judge in Maryland has issued an injunction against immigration enforcement in houses of worship, marking a significant legal victory for religious groups challenging the Trump administration’s revised deportation policy.The ruling, issued by U.S. District Judge Theodore Chang, temporarily halts immigration operations targeting Quaker congregations, Baptist churches, and a Sikh temple, following a lawsuit that argues the policy change violates religious freedom.
The Supreme Court of India has issued a landmark ruling on February 17, 2025, stating that an employee’s gratuity can be forfeited on the grounds of moral turpitude, even in the absence of a criminal conviction. This ruling expands the interpretation of the Payment of Gratuity Act, 1972, allowing employers to withhold gratuity from employees dismissed for unethical or fraudulent actions.Previously, in a 2018 Supreme Court ruling in the Union of India vs. Ajay Babu case, the court had st
The Supreme Court of India has issued a landmark ruling on February 17, 2025, stating that an employee’s gratuity can be forfeited on the grounds of moral turpitude, even in the absence of a criminal conviction. This ruling expands the interpretation of the Payment of Gratuity Act, 1972, allowing employers to withhold gratuity from employees dismissed for unethical or fraudulent actions.Previously, in a 2018 Supreme Court ruling in the Union of India vs. Ajay Babu case, the court had st
A Chinese court has ruled that Li, a man involved in a complicated breakup, is not required to return a 300,000 Yuan (₹3.2 crore) gift given to him by his ex-girlfriend, Xu. The unusual legal case, which has gained significant attention, centers on the couple's tumultuous relationship. Li and Xu had been in a stable relationship since 2018 until 2020, when Li discovered that Xu had an affair with his nephew. The revelation led to a breakup, but Xu later transferred a large sum of money
A Chinese court has ruled that Li, a man involved in a complicated breakup, is not required to return a 300,000 Yuan (₹3.2 crore) gift given to him by his ex-girlfriend, Xu. The unusual legal case, which has gained significant attention, centers on the couple's tumultuous relationship. Li and Xu had been in a stable relationship since 2018 until 2020, when Li discovered that Xu had an affair with his nephew. The revelation led to a breakup, but Xu later transferred a large sum of money
