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Supreme Court Dismisses Appeals by Work Charged Employees on Pension Calculation Under 2013 Rules. Rule 5(v) of Work Charged Establishment Revised Service Conditions (Repealing) Rules, 2013 Limits Counting of Work Charged Service to Shortfall in Qualifying Period for Pension, Not Entire Service Period.

The dispute arose from appeals by work charged employees whose services were regularized under the Work Charged Establishment Revised Service Conditio...

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Supreme Court Upholds Bank's Reauction and Deposit Forfeiture Under SARFAESI Act, 2002. Auction purchaser's failure to pay balance within stipulated time justified forfeiture, with liberty to pursue recovery through independent proceedings.

The appeal arose from a dispute involving auction proceedings under the Securitisation and Reconstruction of Financial Assets and Enforcement of Secur...

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Supreme Court Dismisses Revenue's Appeal in Income Tax Act Case Upholding Revisional Jurisdiction. Commissioner Validly Set Aside Assessment Order as Payment to Shareholders Was Not 'Cost of Improvement' Under Capital Gains Computation Under Sections 48 and 263 of Income Tax Act, 1961.

The dispute arose from an income tax assessment concerning the sale of a property named 'Paville House' by the respondent assessee, a company engaged ...