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KAHC010022932010_1

A batch of writ petitions was filed under Articles 226 and 227 of the Constitution of India before the High Court of Karnataka at Bangalore, challengi...

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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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Bombay High Court Dismisses Developer's Suit for Specific Performance Against Cooperative Housing Society and Members Due to Lack of Privity and Authority. The court held that a cooperative society cannot bind its members to a development agreement without their consent, and the suit was not maintainable.

The plaintiff, Vardhman Developers Ltd., filed a suit for specific performance of a development agreement against Borla Co-operative Housing Society L...

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Bombay High Court Dismisses Appeals Challenging MPID Act Application in NSEL Scam Case — Held That MPID Act Applies to NSEL as a Financial Establishment and That Default in Repayment of Deposits Attracts Offences Under the Act.

The judgment arises from multiple criminal appeals and interim applications filed by various parties, including directors, brokers, and financial inst...

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Madras High Court Acquits Accused in Fatal Road Accident Case Due to Inconsistent Evidence and Failure to Prove Rash and Negligent Driving. Conviction under Sections 279, 338, 304A IPC Set Aside as Prosecution Failed to Establish Guilt Beyond Reasonable Doubt.

The case arises from a road accident on 30.10.2016 at about 2.15 p.m. on Mohanur to Karur Road near Vangal Bridge. The defacto complainant Jagadeeswar...