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.
Supreme Court ruling in Commissioner of Central Excise vs Addison & Co. Ltd. focused on refund claims for turnover discounts under the Central Excise Act, 1944.
Supreme Court ruling on Purolator India Ltd.’s excise duty dispute involving sales tax, cash discounts, and volume discounts under the Central Excise Act, 1944.
The Supreme Court clarifies the distinction between a bank guarantee and a contract of indemnity in State Bank of India vs. Mula Sahakari Sakhar Karkhana case.
The deceased, namely, Rajeev Jain was an employee of Hindustan Lever Limited. He was serving with the company past twenty-three years. On 03.11.2006, he committed suicide in his hotel room in Lucknow.
