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Supreme Court Clarifies Deduction of Broken Period Interest for Banks Treating Securities as Stock-in-TradeDeduction Allowed as Revenue Expenditure for Banks Holding Securities as Stock-in-Trade

The Supreme Court addressed the treatment of broken period interest for tax purposes. The issue centered on whether broken period interest could be de...

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Full Bench of Bombay High Court Examines Fee Reimbursement Scheme Restriction for Minority Institution Students. Court Tasked with Resolving Conflicting Precedents on Whether Limiting Reimbursement to CAP-Admitted Students Is Discriminatory.

The case concerned a challenge to a Government Resolution (GR) dated 27.02.2013 issued by the State of Maharashtra, which restricted fee reimbursement...

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Supreme Court Allows Union of India's Appeals in National Highways Act Land Acquisition Cases — Section 3J Not Violative of Article 14. The Court held that the non-grant of solatium and interest under the National Highways Act, 1956 is not discriminatory and the Act is a complete code.

The Supreme Court, in a batch of appeals filed by the Union of India, considered the validity of the non-grant of solatium and interest under the Nati...

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High Court of Karnataka Considers Revision Petition Against Order for Educational Expenses Under DV Act. Daughter's Post-Graduation Fees Claim Under Section 20(d) of Protection of Women from Domestic Violence Act, 2005.

The matter arose from a criminal revision petition filed by the father against the order of the Additional District and Sessions Judge, Mangalore, con...