Judgements and Orders, Supreme Court and High courts of India

The Hon’ble Supreme Court in M/s. New Noble Educational Society,v. The Chief Commissioner of Income Tax 1 [Civil appeal no. 3795 of 2014 dated October 19, 2022] has held that for tax exemption, the charitable institution, society or trust should ‘sol

In deciding cases pertaining to insider trading, the actual gain or loss is immaterial, but the motive for making a gain is essential.

The Corporate Insolvency Resolution Process("CIRP") can be initiated against the corporate debtor without proceeding against the principal borrower.

In case of renewal without break in the period, the Mediclaim insurance policy will be renewed without excluding any disease already covered under the existing policy which may have been contracted during the period of the expiring policy. Renewal of

Arbitration Agreement is with a Proprietorship concern "Yasikan Enterprise" and arbitration invoked by "Yasikan Enterprise Pvt Ltd" a company of the proprietor is not legal and tenable.

Borrower has appealed Order under SARFASEI ACT before DRAT and has deposited 50% of the contended sum. The appeal was further withdrawn by the borrower and appealed for refund of deposit amount. The Bank contended it cannot be refunded.

The gratuity of an employee whose services are being considered to be terminated on the accountability of an act of wilful omission/negligence causing any damage or loss to, or destruction of, property belonging to the employer shall be forfeited to

This appeal is filed challenging the judgement and award passed in MVC No.3020/2007 dated 05.02.2011 on the file of II Additional District and Sessions Judge and Additional MACT, Belagavi, questioning the liability and quantum of compensation.

High Court of Punjab and Haryana held that -If vehicle is registered in India, insurance Company is liable to pay compensation without any extra premium for extraterritorial coverage.

THE SUPREME COURT HELD THAT entities created with the object of advancing general public utility cannot seek exemption under the Income Tax Act 1961 under the head "charitable purposes" if they are engaging in any trade, business, commerce or providi