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Madras High Court Dismisses PIL Seeking CBI Investigation into Resignation of MLAs Alleging Corruption. Court holds that resignation of MLAs is a political decision not subject to judicial review and that the petitioner lacks locus standi as a political rival.

The petitioner, B. Ramkumar Adityan, filed a writ petition under Article 226 of the Constitution of India seeking a writ of mandamus directing the Cen...

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Supreme Court Orders Immediate Floor Test in Maharashtra Political Crisis. Governor's Invitation to Form Government Challenged as Unconstitutional Under Article 32 of the Constitution of India.

The case arose from the political crisis in Maharashtra following the 2019 Legislative Assembly elections. No single party secured a majority. The Gov...

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Bombay High Court Dismisses NSE's Defamation Suit Against Journalists, Upholds Freedom of Speech in Public Interest Reporting. Court holds that a public body like NSE must establish 'special damage' for defamation injunction and that fair comment on matters of public interest is protected.

The National Stock Exchange (NSE) filed a defamation suit against Moneylife Media Private Limited, Sucheta Dalal, and Debashish Basu, seeking an injun...

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Supreme Court Adjudicates Tax Treatment of Compensation for Partial Termination of Selling Agency under Income Tax Act, 1922. The Court considered whether the sum received by the assessee for termination of agency rights outside Hyderabad State constituted a capital receipt or revenue receipt.

Background: The case involved the income tax assessment of the respondent, a registered firm carrying on business as selling agents and distributors o...

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Supreme Court Dismisses Revenue’s Appeal, Holding Compensation for Partial Termination of Agency is Capital Receipt. Termination of Agency for Territory Outside Hyderabad State Results in Sterilisation of Capital Asset, Not Taxable as Business Income Under Indian Income-tax Act, 1922.

The dispute arose from the income tax assessment of Messrs. Vazir Sultan & Sons, a registered firm, for the assessment year 1951-52. The firm was appo...