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Supreme Court Allows Appeal in Income Tax Case on Stock Valuation. The court ruled that the closing stock should be valued at cost or market price, whichever is lower, when the business continues after dissolution....

The case involved an appeal by a registered firm against the order of the Commissioner of Income Tax regarding the valuation of closing stock for the assessment year 1984-85. Following the death of on...

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Supreme Court Restores Confiscation Order in Customs Duty Case Due to Notification Violation. Validity of Show Cause Notice Affirmed as Conditions for Duty Exemption Were Not Met....

The dispute arose from an appeal by the Commissioner of Customs (Import), Mumbai, against a decision by the Customs, Excise and Gold (Control) Appellate Tribunal (CEGAT) that set aside the confiscatio...

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Supreme Court Dismisses Appeal of Public Servant Convicted for Corruption Charges. The court ruled that a convicted public servant should not hold office until exonerated, emphasizing public interest and integrity....

The case involved an appeal by a public servant convicted of corruption under the Prevention of Corruption Act, 1988. The appellant, an officer of the Punjab National Bank, was convicted for defraudin...

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Supreme Court Upholds Employer's Authority in Compulsory Retirement Case — Validity of Procedures Affirmed....

The dispute arose between the Meghalaya State Electricity Board (MSEB) and an employee regarding the validity of a compulsory retirement order. The MSEB challenged a High Court decision that set aside...

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Supreme Court Allows Appeal in Mediclaim Policy Renewal Dispute — Court Finds Refusal to Renew Unfair and Arbitrary. The insurance company acted arbitrarily in refusing to renew the mediclaim policy based on the appellant's litigation history, which cannot be deemed as bad conduct....

The dispute arose from the refusal of United India Insurance Company to renew a mediclaim policy taken out by the appellant, Biman Krishna Bose, and his wife. The policy was initially purchased on Dec...

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Supreme Court Upholds Appellant's Right to Specific Performance of Agreement Due to Erroneous High Court Interpretation. The High Court's reversal of the decree for specific performance was found to be contrary to established facts and legal principles under the Specific Relief Act, 1963....

The case involved an appeal against a High Court order that set aside a decree for specific performance granted to the appellant by the Trial and First Appellate Courts. The appellant was the owner of...

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Supreme Court Allows Appeal in Seniority Dispute Case — Arbitrary Alteration of Seniority List Set Aside. The court found the alteration of the seniority list in 1991 arbitrary as no justification was provided for changing the established seniority list of 1989....

The dispute arose from a seniority issue involving the appellant, who was appointed as a Lower Division Clerk in the Ministry of Commerce in 1967 and later promoted to Upper Division Clerk in the Labo...

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Supreme Court Dismisses Appeal Against Conviction Under Prevention of Corruption Act — No Infirmity Found in High Court's Order....

The case involved an appeal against the conviction of a former Minister of Education in Tamil Nadu under the Prevention of Corruption Act. The Appellant, K. Ponnuswamy, was convicted for acquiring ass...

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Supreme Court Dismisses Appeal Against High Court Orders on Case Transfer. The court held that the Special Court is not subordinate to the High Court, thus Section 407 of the Criminal Procedure Code does not apply for transferring cases between Judges of the Special Court....

The case involved appeals against orders from the Bombay High Court regarding the transfer of a criminal case from one Judge of the Special Court to another. The background of the case stemmed from al...

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Supreme Court Allows Appellant in Rent Control Case Due to Recurring Cause of Action. Fresh Eviction Suit Not Barred as Previous Suit Was Withdrawn Without Deciding Issues Under Section 45 of Karnataka Rent Control Act, 1961....

The dispute arose from an eviction suit filed by the appellant against the respondent, who occupied a portion of the appellant's premises. The appellant initially filed H.R.C. No. 2757 of 1992 for bon...