Supreme Court overturns penalty on PwC for a genuine error in income tax return, noting clear disclosure in tax audit report negated intent to conceal.
Supreme Court held that re-classifying products based on the test report, which was leading to consequential differential duty demand, was not furnished to the appellant hence the same was in clear violation of principles of natural justice.
Supreme Court dismisses N.K. Proteins Ltd.’s appeal against DCIT, upholding prior tax assessment. No detailed judgment provided. (139 Chars)
Gayatri Balasamy Vs ISG Novasoft Technologies Limited (Supreme Court of India) In its landmark judgment delivered on 30th April 2025, the Supreme Court of India addressed the contentious issue of whether Indian courts possess the authority to modify arbitral awards under Sections 34 and 37 of the Arbitration and Conciliation Act, 1996. The case, Gayatri […]
Supreme Court held that arbitration proceeding culminating into award post approval of resolution plan by NCLT is not tenable in law since Facilitation Council loses its jurisdiction to proceed and pronounce arbitral award in view of approved resolution plan.
Supreme Court upholds NCLAT order allowing appeal against Ricoh IBC resolution plan, emphasizing timeline flexibility and CoC’s commercial wisdom.
SC sets aside NCDRC order in Kranti Associates case, citing lack of reasoning. Remands to State Commission for fresh decision on consumer dispute.
Supreme Court upholds government’s right to cancel tenders to protect state finances, limiting judicial review in such matters.
SC rules against mandatory arrest for chargesheet filing under Section 170 CrPC, especially for cooperating accused. Siddharth’s anticipatory bail allowed.
Supreme Court rules against denial of cross-examination in excise duty case (Andaman Timber vs Commissioner), citing natural justice violation.
