Category: Supreme Court

Public offer made under SEBI takeover regulations cannot be withdrawn. Mere Delay by SEBI, alienation of assets by Board no ground for withdrawal-SC

Public offer made under SEBI takeover regulations cannot be withdrawn. Mere Delay by SEBI, alienation of assets by Board no ground for withdrawal-Supreme Court ABCAUS Case Law Citation: 1048 (2016) (11) SC The Grievance: This appeal was preferred under Section 15 Z of the Securities and Exchange Board …

Concurrent running of sentence us 138 Negotiable Instrument Act 1988 in two cheque dishonour cases. Court empowered with discretion u/s 427 of CPC -SC

Concurrent running of sentence us 138 Negotiable Instrument Act 1988 in two cheque dishonour complaint cases. Court empowered with discretion u/s 427 of CPC -Supreme Court ABCAUS Case Law Citation: 1044 (2016) (10) SC Important Case Law Cited: V.K. Bansal vs. State of Haryana and Another (2013) 7 …

Polished granite slab used on floor is not tile under Karnataka Sales Tax Act Entry8. There is distinction between polished granite stone/slabs and tiles-SC

Polished granite slab used on floor is not tile under Karnataka Sales Tax Act Entry 8. that there is a distinction between polished granite stone or slabs and tiles-Supreme Court ABCAUS Case Law Citation: 1038 (2016) (10) SC Important Case Law Referred: M/s. Vishwakarma Granites v. Commissioner of …

Expenses on issue of shares eligible deduction us 35D. Deduction for payment of bonus to employees eligible us 36 not 43B or 40A(9)-SC

Expenses on issue of shares eligible deduction us 35D. Deduction for payment of bonus to employees eligible u/s 36 and section 43B or 40A(9) does not come into play-Supreme Court ABCAUS Case Law Citation: 1029 (2016) (10) SC Assessment Year: 2001-02 Questions of Law framed: Whether expenditure incurred on …

No contempt of Court for direction to do something impossible. The Supreme Court deplores High Court in holding appellant guilty and imposing sentence.

No contempt of Court for direction to do something impossible. The Supreme Court deplores High Court in holding appellant guilty and imposing sentence. ABCAUS Case Law Citation: 1019 (2016) (09) SC Brief Facts of the Case: In the instant case, the appellant was held guilty of contempt of Court by …

Excise duty refund for trade-turnover discounts not allowable unless duty passed on to the ultimate consumer – Supreme Court

Excise duty refund for trade-turnover discounts not allowable unless duty passed on to the ultimate consumer  else it would result in unjust enrichment – Supreme Court ABCAUS Case Law Citation: 1004 2016 (08) SC Important Judgments cited: Mafatlal Industries Ltd. and Others Vs. Union of India And Ors., (1997) …