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Delhi High Court flays income tax officials for delays in filing appeals

The Delhi High Court criticized income tax officials for delays in filing appeals, stating that some of them are still stuck in a slow working style. The court emphasized the need for drastic measures to address the issue of litigation delays caused by lethargy. In another case, the court sought the government s view on whether PayPal Payments is a "payment system operator" and must comply with reporting entity obligations under money laundering laws.

PayPal s China unit gets ready to accelerate its business

PayPal's China unit has bagged the approval to double its registered capital to $666 million.

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