Supreme Court clears HDFC Bank officials of liability for allowing locker operation, quashes FIR due to lack of fraudulent intent and mens rea.
Supreme Court rules that royalty on advertisement hoardings by Patna Municipal Corporation cannot be equated with a tax. Case clarifies royalty vs. tax distinction.
Supreme Court clarifies that while Aadhar can establish identity, it is not definitive proof of date of birth in Saroj & Ors. Vs IFFCO-TOKIO case.
Supreme Court clarifies onus of proving workman status under I.D. Act in Lenin Kumar Ray Vs Express Publications case, impacting employee rights.
The Supreme Court of India examines whether intoxicating liquors includes industrial alcohol, impacting state legislative powers.
SC rules creditor name not mandatory in balance sheets for debt acknowledgement under Sec 18 of Limitation Act in Vidyasagar Prasad v. UCO Bank case.
Service tax is only payable on the MDR and not separately on the interchange fee charged between the acquiring and issuing banks.
Mere omission /oversight or adherence to misinterpreted regulations could not be equated to suppression of facts or willful misrepresentation to invoke the extended limitation period under Section 11A of the Act.
The CBI alleged that the bank’s senior management, including Sridhar, sanctioned large credit facilities such as short-term loans, Letters of Credit, and Export Packing Credit to the company without proper due diligence.
The securities were treated as stock-in-trade in the hands of assessee. The amount received by assessee on the sale of the securities was considered for computing its business income.
