News Broadcasting
NDTV wins 2007-2008 tax appeals case
MUMBAI: Delhi-based news broadcaster the Prannoy Roy-headed NDTV has been caught up in a legal tangle with the income tax (IT) department for sometime. Last week, the income tax appellate tribunal (ITAT) ruled in its favour on tax matters related to assessment years 2007-2008 and 2008-2009.
The ITAT said that NDTV need not pay tax on additional amount of Rs 22.09 crore which the department wanted to add to its taxable income. The ITAT rejected this claim entire amount, with the exception of Rs 12 lakh.
The ITAT also allowed directed the IT department to allow it higher ESOP expenses of Rs 43.55 crore, against the earlier claim of Rs 21 crore. This has reduced the tax liability for NDTV for that period even further.
NDTV won the ITAT’s nod on another ground too: it agreed that the company had correctly disclosed its international transactions with its associated enterprises including the provision for shareholder services on which no markup is required to be charged under transfer pricing regulation and negated the claim of the IT department of charging a notional markup on such services. Consequently, NDTV has got a tax relief to the tune of Rs 82.35 lakh in this regard.
NDTV has other cases from IT department pending for other assessment years.
The company notched up a loss of Rs 38 crore in its latest financial filings for Q1 2017 on a topline of Rs 115 crore.
Its share was trading at Rs 78 odd at the close of trading last week.
News Broadcasting
CNN-News18 to host Fury in the Gulf conclave on West Asia crisis
Three-hour summit to unpack geopolitical fallout and impact on India
MUMBAI: CNN-News18 is set to host a special three-hour broadcast, Fury in the Gulf – War Conclave, on April 7, aiming to decode the escalating West Asia crisis and its far-reaching implications for India.
Scheduled from 4:00 PM to 7:00 PM, the conclave comes at a time when tensions between Iran and the United States are reshaping global geopolitics and triggering economic uncertainty. With India’s deep energy ties, trade links and large diaspora in the Gulf, the developments carry significant domestic relevance.
Built around the theme ‘Conflict, Consequences, and The Future,’ the programme will feature six curated sessions combining one-on-one interviews and panel discussions. The focus is to cut through the clutter and offer viewers a clearer understanding of the fast-evolving situation.
Key sessions include ‘Diplomacy in Times of War’ featuring Shashi Tharoor, and ‘World After the Iran Conflict’ with voices such as Ram Madhav, Reuven Azar, representatives from the European Union and the Iranian Deputy Envoy. Another session titled ‘Another Dunkirk?’ will bring together K. J. S. Dhillon and Jitin Prasada among others.
CNN-News18 editorial affairs director Rahul Shivshankar said, “In times of war, clarity becomes the most powerful tool. Fury in the Gulf – War Conclave brings together credible voices to address the questions and confusion that arise amid an overwhelming influx of information.”
He added that the initiative is aimed at delivering “facts, perspective, and insight” at a time when misinformation can easily cloud public understanding.
Echoing the sentiment, CNN-News18 CEO– English and business news Smriti Mehra said the conflict marks a defining global moment, with consequences that extend well beyond the region. She noted that the conclave seeks to present the crisis with “depth, nuance and responsibility” so audiences can better grasp its real-world impact.
As geopolitical tensions continue to dominate headlines, the conclave positions itself as an attempt to bring order to the noise, offering viewers a structured, insight-led look at a complex and rapidly shifting global situation.
