Category: Supreme Court
Imposition of exorbitant interest in contemporary commercial practices not against the fundamental policy of Indian Law, or against the morality or justice In a recent judgment, the Hon’ble Supreme Court has held that it cannot be said that the imposition of an exorbitant interest in the background of …
The contention that during the pendency of case before settlement commission, the assessee must give up his right to contest the assessment order on merits is misconceived and must be rejected – Supreme Court In a recent judgment, the Hon’ble Supreme Court rejected the stand of the Revenue …
Purchase of software had a nexus with generation of profits, therefore purchaser was not a consumer under Consumer Protection Act – SC In a recent judgment, Hon’ble Supreme Court had held that the transaction of purchase of software by the company had a nexus with generation of profits …
Termination upheld of Postmaster who embezzled deposit money by mere stamping passbooks of account holders. In a recent judgment, Hon’ble Supreme Court has upheld termination of an employee of post office who embezzled money of depositor by mere stamping passbooks of account holders with the receipt of the …
Supreme Court stays DGGI order on the issue of bar on two parallel GST proceedings in terms of Section 6(2)(b) of GST Act In a recent order, Hon’ble Supreme Court admitted SLP against the judgment of the Bombay High Court which held that law laid down by Supreme …
Before staying CESTAT order the High Court should have framed the substantial questions of law and thereafter could have passed the stay order. In a recent judgment, Hon’ble Supreme Court has held that before staying order of CESTAT the correct course to be followed by the High Court …
Chartered Accountant issuing Form 15CB not required check genuineness or otherwise of documents submitted by his clients – Supreme Court dismissed SLP In A recent judgment, Hon’ble Supreme Court has dismissed SLP against the judgment of Madras High Court which held that Chartered Accountant issuing Form 15CB is …
SLP dismissed against bogus liability styled as “book overdraft” reflected as payable to banks for cheques issued not presented to the banks In a recent judgment, Hon’ble Supreme Court dismissed the SLP against the decision of the Delhi High Court upholding the addition towards bogus liability styled as …
Tender condition to submit income tax return of the “previous financial year” would not mean Financial Year for which time for filing ITR has not expired – SC In a recent judgment, Hon’ble Supreme Court has held that auction notice requiring bidders to submit income tax return of …
Mere repetitive use of the word “Arbitration” in agreement without any substantive part relating to arbitration is not a valid arbitration agreement – Supreme Court In a recent judgment, the Hon’ble Supreme Court Mere use of the word “Arbitration” in the title of the clause without any corresponding …
