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market research: Sebi exempts 3 family trusts linked to Shakti Pumps' promoters from open offer requirement

Under the proposed transaction, respective settlors of Shakti Sons Trust, Shakti Brothers Trust and Shakti Future Trust -- Dinesh Patidar, Sunil Patidar and Ankit Patidar -- plan to transfer the shares held by them in Shakti Pumps by way of gift to the respective acquirer trusts.
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UPVAT Rules | Stricter Approach To Be Followed Before Giving Benefit Of Exemptions/ Deductions: Allahabad High Court

The Allahabad High Court has held that though in case of doubt, taxing statues are to be interpreted in favour of the assesee. However, a stricter approach needs to be followed before giving the...
Uttar Pradesh Justice Shekharb Saraf Ss Sanya Construction And Developers Pvt Allahabad High Court Counsel For The Department Supreme Court
Source: livelaw.in

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