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Supreme Court Clarifies Deduction of Broken Period Interest for Banks Treating Securities as Stock-in-TradeDeduction Allowed as Revenue Expenditure for Banks Holding Securities as Stock-in-Trade

The Supreme Court addressed the treatment of broken period interest for tax purposes. The issue centered on whether broken period interest could be de...

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Supreme Court Dismisses Review Petition Against Bail Cancellation, Upholds Earlier Judgment The Supreme Court reiterates well-settled jurisprudence on the cancellation of bail, dismisses the review petition citing no significant change in circumstances.

The Supreme Court dismissed the review petition filed by the petitioner seeking a review of its earlier decision dated 28.08.2024, which had set aside...

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Supreme Court Secures MBBS Admission for Differently Abled Candidate Despite Disability Above 40%. A landmark judgment emphasizing inclusivity and reasonable accommodation for persons with disabilities in medical education.

The Supreme Court of India, upheld the rights of individuals with disabilities to pursue higher education. The appellant, Omkar Gond, who has a 45% s...

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Supreme Court Enhances Compensation for Motor Accident Victim to ₹52,31,000/- Considering 100% Functional Disability and Future Prospects. The Court increased the compensation from ₹30,99,873/- to ₹52,31,000/- due to the appellant's 100% functional disability and future medical and attendant needs.

This judgment arises from a Special Leave Petition (SLP) where the appellant, a victim of a motor vehicle accident, sought enhancement of compensation...

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Arbitration for Loan Recovery Dispute Court debates arbitration versus statutory remedies in SARFAESI and RDDB Acts. A high-stakes financial dispute under arbitration as lenders pursue alternative remedies through the SARFAESI Act.

Acts and Sections Discussed: Arbitration and Conciliation Act, 1996, particularly Section 11 (Appointment of Arbitrators) Securitization and Recon...

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"Adjudication Order Set Aside Due to Lack of Reasoning: Court Remands for Fresh Hearing" "High Court emphasizes the need for reasoned and speaking orders to uphold principles of natural justice."

The High Court set aside the adjudication order made by the Deputy Commissioner of State Tax on the grounds of failure to provide reasons and lack of ...

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Court rules that pension and retiral benefits cannot be denied to the legal heirs of a deceased employee awaiting caste validity certificate. Family Pension, Retiral Benefits, Caste Validity Certificate, Compassionate Employment, Scheduled Tribe, Maharashtra, Welfare State, Legal Heirs.

Pension and Retiral Benefits Claim for Deceased Employee without Validity CertificateThe court ruled that pensionary benefits and gratuity should be p...

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Supreme Court Upholds High Court’s Decision, Dismisses Appeals on Property Ownership Dispute Land ownership, possession rights, and the doctrine of adverse possession scrutinized in depth.

The Supreme Court of India, dismissed the appeals filed by Neelam Gupta and others, upholding the High Court’s ruling granting possession rights to ...

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Supreme Court Modifies Sentence after 17 Years of Incarceration" "Justice tempered with mercy: An examination of evidence, discrepancies, and the possibility of reformation"

The Supreme Court of India partially allowed the appeal by Appellant, modifying his life sentence to the period already served, citing his good conduc...

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"Supreme Court Remits Matter for Fresh Consideration by High Court in Truck Rent Dispute" "High Court order quashing FIR and criminal proceedings set aside; matter remanded for reconsideration in light of investigation materials."

Acts and Sections Discussed: Code of Criminal Procedure, 1973 (CrPC) Section 156(3): Magistrate’s power to direct investigation. Section 41A:...