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Supreme Court Allows Assessees in Interest Tax Act Case on Hire-Purchase Instalments. Hire-purchase agreements are distinct from loans, and interest component in instalments is not taxable under Section 2(7) of the Interest-Tax Act, 1974, as it does not constitute interest on loans and advances.

The dispute involved a batch of civil appeals concerning the tax liability of non-banking finance and leasing companies under the Interest-Tax Act, 19...

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Supreme Court Partially Allows Claimant's Appeal in Motor Accident Claim for Enhanced Compensation. Compensation for Pain and Suffering and Loss of Amenities Increased Due to Severe Brain Injuries and Permanent Coma Under Motor Vehicles Act, 1988.

The appeal arose from a motor accident claim where the claimant, a 29-year-old process supervisor, sustained grievous brain injuries in an accident on...

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Supreme Court Upholds Damages Against Employer in EPF Act Case for Default in Contributions. Levy of Damages Under Section 14B is Consequential Upon Default Without Requirement of Mens Rea for Breach of Civil Obligations.

The appeals arose from a judgment of the High Court of Karnataka, which upheld an order for recovery of damages under Section 14B of the Employees Pro...