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Supreme Court Upholds Reference in Chartered Accountants Act Case Due to Misconduct as Court-Appointed Liquidator. Professional Misconduct Includes Conduct Rendering Member Unfit Under Section 22 of Chartered Accountants Act, 1949....

The Supreme Court considered an appeal by the Council of the Institute of Chartered Accountants against an order of the High Court rejecting a reference regarding professional misconduct of a chartere...

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Supreme Court Upholds Conviction of Foreign National in Cheating Case Under Section 420 IPC for Offence Committed Through Communications from Karachi to Bombay. The Court Held That a Foreigner Physically Outside India Is Liable Under Section 2 IPC When All Ingredients of the Offence Occur in India, and Extradition Does Not Bar Trial for a Fresh Offence....

The dispute arose from a private complaint filed by Louis Anton Cornea, a businessman from Goa and director of Colonial Limitada, against four accused including the appellant, a Pakistani national doi...

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Supreme Court Upholds State in Agricultural Income Tax Dispute; Trustees' Appeal Dismissed as Section 11(1) U.P. Agricultural Income-tax Act, 1948 Not Applicable. Trustees Held Liable for Tax on Total Agricultural Income as Annuitants Had Separate, Not Joint, Interests in Income Derived from Trust Land....

The appeal arose from a reference under the U.P. Agricultural Income-tax Act, 1948, concerning the assessment of agricultural income tax on trustees of a private trust. J.J. Holdsworth, by his will da...

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Supreme Court Dismisses Appeal by Accused in Murder Case Holding Non-furnishing of Copies Under CrPC Directory. The Court ruled that omission to provide copies to the accused under Sections 173(4) and 207A(3) of the Code of Criminal Procedure, 1898 does not vitiate trial without proof of prejudice; irregularity cured by Section 537...

The case arose out of a criminal appeal by special leave against the judgment of the Andhra Pradesh High Court confirming the conviction and capital sentence awarded by the Sessions Judge, Karimnagar....

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Supreme Court Upholds Preventive Detention Order Beyond Three Months Under Preventive Detention Act, 1950. Interpretation of 'Such Detention' in Article 22(4)(a) of the Constitution Confirmed to Refer to Preventive Detention, Not Period of Detention....

The case involved a constitutional challenge to an order of preventive detention under the Preventive Detention Act, 1950, as amended. The appellant, Puranlal Lakhanpal, was detained under Section 3 o...

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Supreme Court Upholds Revenue in Income Tax Appeal Holding Interest on Securities Is a Distinct Head of Income Not Taxable as Business Income. Bank's Claim to Set Off Carried Forward Loss Against Interest on Securities Under Section 24(2) Remanded for Fact-Finding on Whether Securities Were Trading Assets in Same Banking Business....

The appellant, a bank, claimed set-off of carried forward loss from the previous year against interest on securities income for assessment year 1945-46 under Section 24(2) of the Indian Income-tax Act...

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Supreme Court Dismisses Appeals in Criminal Conspiracy and Criminal Breach of Trust Case Involving Misuse of Company Funds. Evidence of Post-Conspiracy Transactions Held Admissible Under Section 14 of Indian Evidence Act, 1872 to Establish Criminal Intent of Accused and Bogus Nature of Earlier Transactions....

The Supreme Court dealt with criminal appeals by special leave arising from convictions for conspiracy and criminal breach of trust involving the funds of Jupiter General Insurance Co. Ltd. The accuse...

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Supreme Court Quashes Sales Tax Assessment Based on Pure Guess in Bihar Sales Tax Act Case. Best Judgment Assessment Under Section 10(2)(b) of Bihar Sales Tax Act, 1944 Required Evidence or Material Basis, Not Arbitrary Estimation....

The Supreme Court examined the validity of a sales tax assessment made under the Bihar Sales Tax Act, 1944, where the assessing officer rejected the assessee's returns and books of account and estimat...

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Supreme Court Allows Assessee in Income Tax Reference Matter, Sets Aside High Court Order Refusing to Direct Tribunal to State Case. Whether Business Amounted to Dealing in Shares and Properties or Investment Was Held to Be Mixed Question of Law and Fact Under Section 66(1) and 66(2) of Indian Income-tax Act, 1922....

The dispute arose from income tax assessments for the years 1943-44 to 1948-49, excluding 1947-48, concerning an investment company incorporated in 1924. The company was originally incorporated as an ...