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Gujarat High Court Allows Insurance Company's Appeal in Motor Accident Claim — Reduces Compensation Due to Contributory Negligence. Deceased was travelling in a Matador that collided with a truck; court found contributory negligence on part of Matador driver and reduced insurer's liability by 50%.

The case arises from a motor accident that occurred on 16.01.2003, when a Matador bearing registration No.GJ-1TT-9663, in which the deceased Manishbha...

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Supreme Court Dismisses NHAI Appeal in Highway Construction Contract Dispute. Arbitral Award for Additional Costs and Embankment Work Upheld as Not Patently Illegal.

The appellant, National Highways Authority of India (NHAI), awarded a contract to the respondent for construction of the Allahabad Bypass Project. Dis...

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Supreme Court Allows Revenue Appeal in Income Tax Matter, Holding Bonus Shares Converted into Stock-in-Trade are Taxable as Business Profits. Bonus Shares Initially Received as Capital Held Converted by Assessee Dealer into Stock-in-Trade, Making Sale Proceeds Taxable Under Income-tax Act, 1922.

The dispute concerned the tax treatment of sale proceeds of bonus shares received by a dealer in shares and securities. The assessee, a firm dealing i...

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Supreme Court Upholds Reinstatement of Contract Labourers in SAIL Mines Despite Finding Contract Genuine. High Court's Direction for Regularisation Consideration Under Para 125 of SAIL Judgment Affirmed, Back Wages Denied.

The case involves a long-standing industrial dispute between the Steel Authority of India Ltd. (SAIL), a government undertaking, and the Ispat Khadan ...