Read all latest corporate law news, articles, notifications & circular on Taxguru.in. News on laws related to DIPP Labour Minimum Wages Gratuity PF Arbitration Negotiable instrument Essential Commodities SRFAESI Competition Act Corporate Law
Corporate Law : HP High Court rules private phone recordings inadmissible in court, reinforcing right to privacy under Article 21 and citing key S...
Corporate Law : Learn about Wills in India, including types, legal requirements, and benefits. Understand the laws governing wills and how they ca...
Corporate Law : The Supreme Court adjourns Bhai Balwant Singh Rajoana's plea to commute his death sentence to November 18, raising concerns over d...
Corporate Law : It is definitely a matter of grave concern that none other than the Allahabad High Court which is the largest High Court in the wh...
Corporate Law : Bombay High Court rules that requiring prisoners to wait 1.5 years for successive parole in emergencies, such as family illness, i...
Corporate Law : Bombay High Court directs Enforcement Directorate to regulate statement recording hours under PMLA, emphasizing same-day examinati...
Corporate Law : Beware of fraudsters soliciting money for IP applications. Report any suspicious claims to the office. Applications processed lega...
Corporate Law : The Ministry of Finance has increased the PMMY loan limit to Rs. 20 lakh, aiding entrepreneurs' growth and funding needs....
Corporate Law : The Government invites public feedback on the Draft Arbitration and Conciliation (Amendment) Bill, 2024, aiming to enhance institu...
Corporate Law : The 2024 Guidelines by CCPA regulate greenwashing, prohibiting false environmental claims in ads, ensuring accurate substantiation...
Corporate Law : Bombay High Court held that there is no employer-employee relationship prior to the year 2018 hence industrial court doesn’t hav...
Corporate Law : In Bank of Baroda Vs Ajit Kumar, NCLT Mumbai rules that lack of NOC doesn't nullify security documents during insolvency proceedin...
Corporate Law : Indus Power Tech Inc. Vs Echjay Industries Pvt. Ltd. (Bombay High Court) In a significant ruling, the Bombay High Court has determ...
Corporate Law : Supreme Court clarifies that while Aadhar can establish identity, it is not definitive proof of date of birth in Saroj & Ors. Vs I...
Corporate Law : P&H High Court rules that criminal acquittal can't revive a labor dispute after an unreasonable delay. Details from the Punjab and...
Corporate Law : IRDAI proposes new regulations for insurers to maintain and share information securely. Comments requested by November 20, 2024....
Corporate Law : Govt clarifies that a daughter’s name cannot be deleted from a pensioner’s family record, with eligibility for family pension ...
Corporate Law : The Department of Pension announces a Dearness Relief hike to 53% for Central Govt pensioners and family pensioners, effective Jul...
Corporate Law : PFRDA Circular mandates that annuity cancellations for NPS subscribers can only occur during the free look period, effective immed...
Corporate Law : IBBI dismissed an RTI appeal seeking insolvency details of personal guarantors, citing privacy and resource constraints under RTI ...
The Hon’ble Court held that the fact that parties were in discussions on the issue of payment for the extra work items undertaken by the Appellant and the exact work to be executed where-after the Respondent submitted its final bill followed by the No-Claim Certificate would be “clear cut evidence” to show that there was an accord on all disputes between the parties which was arrived at after protracted correspondence and claims in respect of the disputes settled in the accord could not have been raised and the accord reopened.
The Applicant, an informer of the department, filed a RTI application seeking inspection & copies of all records available with the income tax department including assessment orders of Escorts Ltd, Dr. Naresh Trehan and connected parties. The application was rejected by the PIO on the ground that there was no overriding public interest in disclosing the information relating to third parties and the disclosure would lead to an invasion of privacy of the assessees. On appeal by the applicant, HELD allowing the appeal:
Units undertaking to export their entire production of goods and services except to the extent of permissible sales in the DTA. Second hand capital goods, without any age limit, may also be imported duty free.
In the case of Vijay v. State of Maharashtra & others (2006) 6 SCC 286 Apex Court held that It is now well-settled that when a literal reading of the provision giving retrospective effect does not produce absurdity or anomaly, the same would not be construed to be only prospective. The negation is not a rigid rule and varies with the intention and purport of the legislature
(1) This Act may be called the Micro, Small and Medium Enterprises Development Act, 2006. (2) It shall come into force on such date as the Central Government may, by notification, appoint; and different dates may be appointed for different provisions of this Act and any reference in any such provision to the commencement of this Act shall be construed as a reference to the coming into force of that provision.
The doctrine of fairness also is now considered to be a relevant factor for construing a statute. In a case of this nature where the effect of a beneficent statute was sought to be extended keeping in view the fact that the benefit was already availed of by the agriculturalists of tobacco in Guntur, it would be highly unfair if the benefit granted to them is taken away,
The law is well settled that a person who claims exemption or concession has to establish that he is entitled to that exemption or concession. A provision providing for an exemption, concession or exception, as the case may be, has to be constructed strictly with certain exceptions depending upon the settings on which the provisions has been placed in the statue and the object and purpose to be achieved.
The mention of the particular matters referred to in sub-sections (3) to (8) shall not be held to prejudice or affect the general application of section 6 of the General Clauses Act, 1897 (10 of 1897) with regard to the effect of repeal.
The Apex Court in Hitendra Vishnu Thakur v. State of Maharashtra (1994) 4 SCC 602 held that a law which affects the substantive rights of any of the parties, the law cannot be retrospective. Every party has a vested right in substantative law but no such right exists in procedural law.
The issue under consideration is whether the employee joined as a trainee is eligible for gratuity as per Payment of Gratuity Act, 1972?