SUPREME COURT OF INDIA Siddharth Mehta v. Union of India DIPAK MISRA AND AMITAVA ROY, JJ. WRIT PETITION (CIVIL) NO. 1013 OF 2016 DECEMBER 16, 2016 ORDER 1. Heard Mr. Dhruv Kapur, learned counsel for the petitioner in the presence of petitioner who is personally present. 2. The present writ petition is preferred under Article… Read More »
Facts of the Case The assessee is a Hindu Undivided Family (HUF). During the previous year to the Assessment Year, the assessee had received certain advances from one M/s. G.S. Fertilizers (P) Ltd. In the audit report and annual return for the relevant period, which was filed by it before the Registrar of Companies… Read More »
SUPREME COURT OF INDIA Vivek Narayan Sharma v. Union of India A.M. KHANWILKAR AND DR. D.Y. CHANDRACHUD, JJ. WRIT PETITION (CIVIL) NO. 906/2016 & OTHERS DECEMBER 16, 2016 ORDER Writ Petitions are admitted. Issue notice on the Writ Petitions, special leave petitions and other applications. The respondents may file reply affidavit within six weeks.… Read More »
S U P R E M E C O U R T O F I N D I A RECORD OF PROCEEDINGS Writ Petition(s)(Civil) No(s). 855/2016 SHYAM NARAYAN CHOUKSEY Petitioner(s) VERSUS UNION OF INDIA Respondent(s) Dated 30.11.2016 Summary of Judgment “Time has come for people to realise that the national anthem is a symbol of… Read More »
Constitutional validity of entry tax upholded by Supreme Court SUPREME COURT OF INDIA Jindal Stainless Ltd. v. State of Haryana ASHOK BHUSHAN, J. C.A. NOS. 6383-6421 OF 1997 & ETC. NOVEMBER 11, 2016 Download the judgement of Supreme Court on Constitutional validity of entry tax upholded by Supreme Court
whether in the facts of the present case, the dishonour of a post-dated cheque given for repayment of loan installment which is also described as “security” in the loan agreement is covered by Section 138 of the Negotiable Instruments Act, 1881 (“the Act”). Held Dishonour of cheque in the present case being for discharge of… Read More »
SUPREME COURT OF INDIA Union of India v. Indusind Bank Ltd. C. NAGAPPAN AND R.F.NARIMAN, JJ. CIVIL APPEAL NOS. 9087-9089 OF 2016 SEPTEMBER 15, 2016 Ms. Manita Verma, Vibhu Shankar Mishra, R.K. Rathore, Arvind Kumar, Raj Bahadur Yadav, M.K. Maroria, Ms.Shruti Srivastava and Shreekant N. Terdal, Advs. for the Petitioner. Pranab Kumar Mullick, Mrs.… Read More »
Depreciable asset is short-term asset, eligible for exemption: The Supreme Court of India held that even though a depreciable asset is treated as a short-term asset, it is eligible for an exemption under a special provision for computing capital gains of depreciable assets. T The case is:V.S. Dempo Company Ltd. Download Full report of KPMG Depreciable asset is… Read More »
SUPREME COURT OF INDIA S.E.B.I. v. Sahara India Real Estate Corpn. Ltd. ANIL R. DAVE AND A.K. SIKRI, JJ. I.A NOS. 221-223 OF 2016 CONMT. PET. (C.) NOS. 412 & 413 OF 2012 C.A. NOS. 9813 & 9833 OF 2011 C.P.(C) NO. 8643 OF 2012 SEPTEMBER 28, 2016 Shekhar Napahade, Sr. Adv. (A.C.), Arvind P.… Read More »
SUPREME COURT OF INDIA Commissioner of Income-tax, Panaji v. Automobile Corpn. of Goa Ltd. RANJAN GOGOI AND PRAFULLA C. PANT, JJ. SPECIAL LEAVE TO APPEAL (C) NOS. 18119-18120 OF 2013 & 10603-10604 OF 2014 AUGUST 12, 2016 A.N.S. Nadkarni, ASG, Ms. Rekha Pandey, S.A. Haseeb and Mrs. Anil Katiyar, Advs. for the Petitioner. Rustom B.… Read More »