THE government is considering filing a review petition against the Supreme Court's verdict with regard to Safari Retreats that allows commercial real estate companies to claim input tax credit (ITC) on construction costs for their rental buildings. Sources familiar with the matter indicate this ruling could impact government revenue, resulting in a shortfall of nearly 5,000 crore.
In the wake of the apex court's decision, companies across sectors have begun approaching adjudicating authorities to ascertain their eligibility for ITC. "The law committee has been tasked with evaluating whether the government should pursue a review of the Supreme Court's order," a top government official revealed.
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'HURT' ROHIT ADMITS MISJUDGEMENT OF CONDITIONS
Captain takes responsibility as India get bowled out for 46 in the first innings
INDIA MOBILE CONGRESS 2024
KEY PRODUCT LAUNCHES & ANNOUNCEMENTS
Companies with AI-led processes outperform peers
The number of companies that have fully modernised AI-led processes and have achieved intelligent operations has almost doubled from 9% in 2023 to 16% in 2024.
Dropped catches at Dubai: Coach George explains why
HE last two group matches of the ongoing T20 World Cup at the Dubai International Stadium were vital for more than one reason. It had a future of six teams in the World Cup depending on the result of that match. However, for the fans watching from the stadium or their homes, the two matches will be remembered for the amount of dropped catches they witnessed. Whether it was Pakistan or England, both teams that eventually could not make it to the semifinals, were the culprits for dropping as many as six catches each. The Sharjah Cricket Stadium, the other venue of the tournament, has also witnessed many dropped catches, but it has not been as bad as the Dubai Stadium.
Ranji Trophy: Tamil Nadu aim to carry momentum vs Delhi
A CONFIDENT-looking Tamil Nadu take on Delhi in their second round of the Ranji Trophy beginning in Delhi on Thursday. Their confidence stems from the fact that they defeated a strong Saurashtra side a few days back in Coimbatore.
Lanky William O'Roars to life on spicy deck
A TALL seamer from New Zealand? Check. Overcast conditions? Check. Disconcerting bounce? Check. Canterbury? Check. High release point? Check. There are endless similarities between Kyle Jamieson and William O'Rourke and some of those similarities played itself out in a fairly predictable manner on the second day of the first Test between India and New Zealand.
Infosys 02 net profit rises 5% to ₹6,506 cr
Revises FY25 revenue guidance from 3-4% to 3.75-4.5%; the company is also planning a wage hike in O4
WC Finals: Vivaan & Anantjeet medal
SHOTGUN shooters, Vivaan Kapoor and Anantjeet Singh Naruka, stepped up to add two medals to India's kitty on the final day of the ISSF World Cup Finals here on Thursday.
Draft Bill: Concerns over NSF autonomy main point in meet
THE meeting between the sports ministry and the stakeholders to discuss the nuances of the Draft National Sports Governance Bill 2024 went off peacefully despite certain provisions in the draft seemingly infringing on the autonomy of National Olympic Committee (NOC) and the National Sports Federations (NSFs).
LTIMindtree net profit rises 7.7% to ₹1,251 crore
LTIMindtree on Thursday reported a 7.7% increase in its consolidated net profit to ₹1,251 crore. The company had reported net profit of ₹1,161.8 crore in the year-ago period. Its revenue from operations in the second quarter stood at ₹9,432.9 crore, a 5.9% increase compared to ₹8,905.4 crore in the same quarter last year. Its operating margin (EBIT) stood at 15.5% in the September quarter.
