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Supreme Court Upholds Revenue in Income Tax Act Case Involving Cancellation of Trust Registration. Cancellation Under Section 12AA(3) Justified Due to Admission of Bogus Donations and Non-Genuine Activities by the Trust, Violating Its Objects and Misusing Tax Provisions.

The dispute involved the Commissioner of Income Tax (Exemptions) appealing against a High Court judgment that set aside the cancellation of registrati...

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Supreme Court Dismisses Appeal in Insolvency Case Due to Lack of Financial Creditor Status. Interest-Free Term Loan Does Not Qualify as Financial Debt Under Section 5(8) of the Insolvency and Bankruptcy Code, 2016 as It Lacks Consideration for Time Value of Money.

The appeal arose under Section 62 of the Insolvency and Bankruptcy Code, 2016 (IBC) against the dismissal by the National Company Law Appellate Tribun...

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Supreme Court Quashes Bail Orders in Murder Case Due to Non-Speaking Orders and Failure to Consider Crime Seriousness. High Court Erred in Granting Bail Without Assessing Brutality of Offence and Implications of Section 149 IPC in Case Involving 26 Injuries on Deceased.

The Supreme Court heard appeals filed by the original informant and brother of the deceased against the Rajasthan High Court's orders granting bail to...