Corporate Law : The Supreme Court acquitted Surendra Koli, citing involuntary confession, flawed investigations, and irreconcilable outcomes in 12...
Goods and Services Tax : The judgment confirms that bona fide purchasers remain eligible for ITC even if the seller fails to deposit tax. The Court held th...
CA, CS, CMA : SC ruled that providing a Form 15CB certificate is a tax-compliance function, not a criminal act. Without proof of knowing assista...
Corporate Law : Bihar, despite its population and legal challenges, lacks even one High Court Bench. Examining the disparity in bench distribution...
Corporate Law : The Court clarified that tenancy does not convert into ownership, even after decades of occupancy. Adverse possession cannot apply...
Corporate Law : SC clarifies limits of High Court's writ powers in IBC cases and recognises Indian CIRP as foreign main proceeding in cross-border...
Corporate Law : Justice BR Gavai sworn in as India's 52nd Chief Justice. Focus areas include addressing case pendency and improving court infrastr...
Corporate Law : Key IBC case law updates from Oct-Dec 2024, covering Supreme Court and High Court decisions on CoC powers, resolution plans, relat...
Income Tax : Government addresses Supreme Court judgment on tax exemptions for clergy and its implications on Hindu Undivided Families (HUFs) u...
Corporate Law : Supreme Court rejects regularisation of illegal constructions, irrespective of occupancy or investments, and calls for action agai...
Corporate Law : The Court held that cost directions based on earlier guidelines cannot be enforced as binding precedent. It set aside the imposed ...
Corporate Law : This case addressed the scope of judicial interference under the Arbitration Act regarding the interest awarded in a commercial di...
Corporate Law : SC found that issuing tax notices for periods before takeover violated the ruling that all non-included claims are extinguished up...
Corporate Law : The apex court removed the cost imposed to the State Legal Services Authority after parties settled a cheque dishonour dispute. Th...
Income Tax : The Supreme Court scheduled final hearing to determine if a trust working for a particular community can claim income tax exemptio...
Fema / RBI : RBI directs banks, NBFCs, and other entities to implement Supreme Court’s accessibility guidelines for digital KYC, ensuring inc...
Income Tax : CBDT raises monetary limits for tax appeals: Rs. 60 lakh for ITAT, Rs. 2 crore for High Court, and Rs. 5 crore for Supreme Court, ...
Corporate Law : No restrictions on joint bank accounts or nominations for the queer community, as clarified by the Supreme Court and RBI in August...
Corporate Law : Supreme Court of India introduces new procedures for case adjournments effective 14th February 2024, detailing strict guidelines a...
Corporate Law : Explore the updated FAQs on the implementation of the EPFO judgment dated 04.11.2022. Understand proof requirements, pension compu...
The Court held that cost directions based on earlier guidelines cannot be enforced as binding precedent. It set aside the imposed costs since the complainant sought no further payment and the appellant could not comply.
This case addressed the scope of judicial interference under the Arbitration Act regarding the interest awarded in a commercial dispute. The Court found no perversity in the Arbitrator’s decision to award the contractual 24% rate, rejecting the borrower’s claims under the outdated Usurious Loans Act, 1918. The ruling emphasizes that the Arbitration Act framework overrides State usury laws for NBFC lending and bars courts from reopening contractual rates.
SC found that issuing tax notices for periods before takeover violated the ruling that all non-included claims are extinguished upon approval of the resolution plan. The recovery proceedings were set aside.
The Supreme Court acquitted Surendra Koli, citing involuntary confession, flawed investigations, and irreconcilable outcomes in 12 companion cases, upholding fairness and due process.
The apex court removed the cost imposed to the State Legal Services Authority after parties settled a cheque dishonour dispute. The ruling confirms that prior Article 142-based cost schemes cannot mandate payment in every case. Takeaway: each settlement must be evaluated on its own merits, not by automatic precedent.
The Supreme Court scheduled final hearing to determine if a trust working for a particular community can claim income tax exemption under Sections 11 and 12.
The Court held that exclusion clause 5 could not justify repudiation of the boiler explosion claim. The insurer cannot rely on post-accident discovery of latent defects to deny a valid claim under a properly issued policy.
A postmaster who misappropriated public money was removed despite later repaying the amounts. The High Court’s order reinstating him was overturned for exceeding the scope of judicial review. The ruling highlights that integrity and adherence to rules are critical in public service.
The judgment confirms that bona fide purchasers remain eligible for ITC even if the seller fails to deposit tax. The Court held that action must be taken against the defaulting seller, not the genuine buyer.
The Court reinstated penalties and behavioural directions after holding that the federation’s leaders played an active role in anti-competitive practices. It restored the Commission’s order in full.
