The Madras High Court has postponed actor Vijay's income tax case, concerning a ₹1.50 crore fine for alleged income concealment related to the 2016-17 financial year. Vijay contests the penalty, ...

While net profit is a key profitability indicator, it doesn't reflect liquidity. Many profitable companies face negative cash flow, while some loss-making firms have positive cash flow due to accrual ...

The Tamil Nadu Medical Council (TNMC) told the Madras High Court on Monday, September 15, that medical practitioners engaging in ‘conversion therapy’ would face severe penalties, including the ...

The Tamil Nadu government on Monday informed the Madurai Bench of the Madras High Court that the Director-General of Police had issued a circular requesting the Commissioners and Superintendents of ...

Same-Store Sales Were Up 7.4% Year Over Year, the Fastest Growth Rate in Two Years The Company Reports $7.7 Million in Free Cash Flow in Q3 2025, Up 148% Year Over Year, and 57% Sequentially The ...

As a military retiree, I've developed a soft spot for retirees of the traditional retirement age. Although I have a long way to go before reaching the age to be able to withdraw my dividends tax-free, ...

Income Tax officials searched around 25 locations linked to Pothys Textiles. These locations are in Chennai, Coimbatore, and Madurai. The searches began based on information about large-scale tax ...

Chennai: The Income Tax Department on Thursday launched massive raids at more than 10 locations linked to Pothys, the well-known textile retail chain, across Tamil Nadu. Raids began early in the ...

On April 2016, the income tax department conducted a search raid operation in Krishnaswami’s residence and found Rs 5 crore (4,93,84,300) cash which they considered as unaccounted and thus seized it.

The Supreme Court overturned Krishnaswami's tax evasion prosecution, citing the Income Tax Department's violation of its own circulars. The court emphasized that CBDT circulars are binding and the ...