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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 Quashes Scrutiny Committee Order Invalidating Scheduled Tribe Certificate in 'Thakur' Tribe Claim Case. Committee Failed to Consider Contemporaneous Documents and Affidavits, Violating Principles of Natural Justice.

The petitioner, Sunil Hiraman Thakur, filed a writ petition under Article 226 of the Constitution of India challenging an order dated 12-04-2018 passe...

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Supreme Court Allows Appeal in Government Contract Dispute — Substantial Compliance with Section 80 CPC Sufficient. Notice under Section 80 CPC need not be pedantically scrutinized; substantial compliance with cause of action and relief indicated is adequate.

The present appeals relate to whether a notice under Section 80 of the Code of Civil Procedure (CPC) has been given to the State of Tamil Nadu in term...

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Bombay High Court Allows Writ Petition Challenging Rejection of Scheduled Tribe Caste Claim. Court holds that the Scrutiny Committee failed to consider relevant documents and applied incorrect standards, directing reconsideration of the petitioner's Thakur tribe claim.

The petitioner, Subodh Digambar Donge, filed a writ petition challenging the order dated 9 July 2019 of the Scheduled Tribe Certificate Scrutiny Commi...

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Supreme Court Allows State's Appeal in Will Dispute, Restoring Lower Courts' Findings on Genuineness. High Court's Interference Under Section 100 CPC Held Impermissible as It Re-appreciated Evidence and Formulated Question of Law Incorrectly Based on Factual Findings.

The dispute centered on the genuineness of a Will executed by Kishan Singh on 10 December 1974, bequeathing agricultural land to Harnam Singh, a non-r...

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Supreme Court Upholds State Legislation on Gurdwara Management Under Entry 32 of List II. Haryana Sikh Gurdwara (Management) Act, 2014 Found Constitutionally Valid as It Pertains to Management of Religious Institutions Within State Legislative Competence.

The dispute arose from the enactment of the Haryana Sikh Gurdwara (Management) Act, 2014 by the State of Haryana, which created a separate juristic en...