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Supreme Court Dismisses Appeal of NBFC in Income Tax Dispute on Set-off of Speculation Loss. Principal Business Determined by Actual Activities, Not Registration; Amendment to Explanation to Section 73 Held Prospective.

The appeal arose from a judgment of the Calcutta High Court in an appeal under Section 260A of the Income Tax Act, 1961, concerning the assessment yea...

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Supreme Court Allows Absorption of District Minority Welfare Officers Appointed Prior to Service Rules. Selection Process Indicates Regular Appointment, Not Deputation, Under UP Minority Welfare Department Gazetted Officers Service Rules 2001.

The Supreme Court allowed the appeals filed by Raja Singh and others against the judgment of the Allahabad High Court, which had dismissed their writ ...

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Supreme Court Allows Appeals of Land Holders in Land Acquisition Compensation Case Under Punjab Town Improvement Act, 1922. Compensation Enhanced to Rs.6,62,800/- Per Acre Based on Comparable Sales Method with 6% Cumulative Annual Increase.

The Supreme Court considered appeals by land holders whose land was acquired for the Transport Nagar Scheme, Rupnagar, under the Punjab Town Improveme...

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Supreme Court Dismisses Appeals of Irregularly Appointed Forest Officers in Seniority Dispute. Appointments Beyond Advertised Vacancies Held Illegal, Seniority Counts Only From Regularisation Date.

The case pertains to the seniority of Assistant Conservators of Forests (ACFs) in the Bihar Forest Service. The appellants were appointed on 13.04.198...

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Supreme Court Allows Reversioners' Suit for Possession Against Tenant of Life Tenant. Life Tenant's Lease Does Not Survive Her Death; Tenant Becomes Trespasser.

The appeal arises from a judgment of the High Court of Punjab and Haryana in a second appeal, which reversed the trial court's decree for possession i...