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Supreme Court Allows Appeal in Income Tax Case: Subscriptions Received Under Collective Investment Schemes Held to be Capital Receipts Not Income. Peerless General Finance's Subscriptions Not Forfeited During Assessment Years, Hence Not Taxable as Income.

The appeal arose from a dispute between The Peerless General Finance and Investment Company Ltd. (appellant) and the Commissioner of Income Tax (respo...

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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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Supreme Court Upholds Dismissal of Employee for Accepting Hospitality from Bidder During Tender Process. Attending IEEMA Conference Without Permission and Availing Air Ticket from M/s. Secure Meters Constitutes Misconduct Under Service Regulations.

The appellant, Rathin Ghosh, was a Superintending Engineer with 22 years of unblemished service in the West Bengal State Electricity Distribution Comp...

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Supreme Court Upholds Refund Order in Consumer Case Against Builder for Delayed Possession. Builder's Failure to Deliver Villa by Agreed Date Constitutes Deficiency in Service Under Consumer Protection Act, 1986.

The case involves an appeal by Marvel Omega Builders Pvt. Ltd. and another against the judgment of the National Consumer Disputes Redressal Commission...

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Supreme Court Allows Appeal in Family Settlement Dispute — Upholds Validity of Pre-Emptive Right Clause. Clause requiring written concurrence of all co-sharers before sale to third party is valid and binding; High Court erred in holding it vague and void.

The dispute arose from a family settlement dated 31.03.1982 among three brothers, including the appellant Tilak Raj Bakshi (plaintiff), the first defe...