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Supreme Court Allows Appeal Against Arbitrator Appointment in Tender Dispute Due to Absence of Concluded Contract. No Valid Arbitration Agreement Found as Letter of Intent Was Contingent on Formal Work Order Under Section 7 of Arbitration and Conciliation Act, 1996.

The dispute arose between Maharashtra State Electricity Distribution Company Limited (MSEDCL), a state government electricity distribution utility, an...

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Bombay High Court Allows Revision in Rent Control Eviction Suit — Notice Not Validly Served Under Section 15(2) of Maharashtra Rent Control Act, 1999. Appellate Bench's decree set aside for failure to consider jurisdictional issue of service of demand notice.

The case arises from a civil revision application filed by the defendant-tenant, Ms. Gloria Lois Crasto, challenging the judgment and decree dated 2 M...

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Supreme Court Upholds Validity of Section 17(2)(viii) of Income Tax Act and Rule 3(7)(i) of Income Tax Rules in Bank Employee Loan Perquisite Case. Delegation of Power to Prescribe Fringe Benefits Held Not Excessive and Use of SBI Prime Lending Rate as Benchmark Upheld as Non-Arbitrary.

The Supreme Court, in a common judgment, dismissed appeals filed by staff unions and officers' associations of various banks challenging the constitut...

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Supreme Court Allows Appeal in Power Tariff Dispute — State Directed to Compensate Appellant for Delayed Transmission Line Construction. Contractual Obligation to Provide Free Power Under Clause 10 of Agreement Cannot Be Avoided Due to KSEB's Failure to Complete Transmission Line.

The case involves an appeal by Indsil Hydro Power & Manganese Ltd against the State of Kerala and the Kerala State Electricity Board (KSEB) regarding ...

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Bombay High Court Allows Writ Petition Challenging CBDT Circular Denying Adjustment of TDS Against Tax Payable Under Voluntary Disclosure Scheme. Circular No. 755 dated 25-07-1997 Held Ultra Vires as It Imposed Restriction Not Found in Finance Act, 1997 or Income Tax Act, 1961.

The petitioner, Earnest Business Services Pvt. Ltd., a company incorporated under the Companies Act, 1956, and its director, filed a writ petition und...

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High Court of Karnataka Dismisses State's Revision Petitions in Asian Paints VAT Case — Input Tax Credit on Capital Goods Allowed Despite Non-Use in Manufacturing. Section 11(4) of KVAT Act, 2003 does not restrict ITC on capital goods used for generation of electricity for own consumption.

The State of Karnataka filed multiple revision petitions under Section 65(1) of the Karnataka Value Added Tax Act, 2003 (KVAT Act) read with Section 9...