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Supreme Court Allows NCDC's Appeal in Income Tax Dispute Over Deduction of Grants as Revenue Expenditure. Grants disbursed by a statutory corporation as part of its business are deductible under Section 37 of the Income Tax Act, 1961, regardless of the capital nature of the source funds.

The National Co-operative Development Corporation (NCDC), established under the National Co-operative Development Corporation Act, 1962, is a statutor...

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Gujarat High Court Dismisses Petition for Appointment of Arbitrator in Lease Dispute Between Society Member and Municipal Corporation. Arbitration Clause in Lease Agreement Not Binding on Member Who is Not a Party to the Agreement.

The petitioner, Shree Kishore Jaiprakash Agarwal, filed a petition under Section 11 of the Arbitration and Conciliation Act, 1996, seeking appointment...

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INTERIM APPLICATION NO.1767 OF 2020

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Bombay High Court Dismisses MSEDCL Petitions Against Ombudsman Orders for New Electricity Connections. Court holds that refusal to provide new connections based on previous dues of a different entity is arbitrary and violative of Section 43 of Electricity Act, 2003.

The Bombay High Court dismissed two writ petitions filed by Maharashtra State Electricity Distribution Co. Ltd. (MSEDCL) challenging orders of the Ele...