M&M Tax penalty: M&M gets Rs 4.12 crore tax penalty; company to challenge

Mahindra & Mahindra on Friday said it has been imposed a penalty of Rs 4.12 crore over input tax credit claim and education cess credit balance carry forward from pre-GST regime to GST regime in relation to its two-wheeler business. In a regulatory filing, Mahindra & Mahindra said it has received an order from the … Read more

Google Paying $700 Million To Settle States Lawsuit On App Store – Deadline

Fresh off a landmark legal defeat last week, Google has now agreed to settle a separate suit by a coalition state attorneys general – co-led by New York AG Letitia James — accusing the tech giant of monopolistic conduct in its app store that increases costs for consumer and developers. Google will hand over $630 … Read more

apollo tyres: Big relief to Apollo Tyres as Supreme Court dismisses Sebi appeal

In a relief to Apollo Tyres, the Supreme Court on Monday upheld the Securities Appellate Tribunal’s September order that quashed the Securities and Exchange Board of India’s penalty of Rs 65 crore on the company for violating norms pertaining to buyback of shares in 2003. In 2018, Sebi had penalised Apollo Tyres on the grounds … Read more