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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 Dismisses SLP Against Rejection of Review in Arbitration Dispute — Earlier SLP Against Main Judgment Dismissed Without Liberty. Principle of Finality Bars Subsequent Challenge to Review Order.

The Supreme Court dismissed special leave petitions filed by Patel Engineering Ltd. against the High Court of Meghalaya's order rejecting their review...

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Supreme Court Allows Appeals in Foreign Trade Act Case -- Interpretation of Date of Notification as Gazette Publication Date -- Transitional Protection Granted to Importers With Prior Letters of Credit

The Supreme Court allowed civil appeals filed by Appellants against the Union of India, challenging a Notification imposing Minimum Import Price on st...

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Bombay High Court Dismisses State's Petition Challenging Compassionate Appointment for Heirs of Employee Retired on Invalid Pension. Rule 80 Retirement and Exclusionary G.R. Held Arbitrary and Unconstitutional.

The case involves a challenge by the State of Maharashtra against an order of the Maharashtra Administrative Tribunal (MAT) allowing the original appl...

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Bombay High Court Upholds Non-Cumulative Age Relaxation in Public Service Recruitment — Conflicting Division Bench Decisions Resolved. Age relaxation for multiple categories (physically handicapped, reserved category) cannot be cumulated unless rules expressly provide for cumulative benefit.

The Maharashtra Public Service Commission filed two writ petitions challenging orders that allowed cumulative age relaxation to candidates who were bo...

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High Court of Karnataka Examines Challenge to Commercial Court’s Dismissal of Section 34 Petitions Upholding Arbitral Awards on Escalation Claims. Dispute Arises Out of Delays in Five Hospital Renovation Projects Undertaken by Contractor and Alleged Breach of Contract by Government Entities.

The appellant, a contractor, was the successful bidder for 14 projects relating to the renovation and expansion of various government hospitals in Kar...