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Supreme Court Allows Appeal and Remands Case to High Court for Deciding Vires of Section 40(a)(iib) of Income Tax Act. High Court Must Decide Constitutional Challenge on Merits Despite Pending Assessment Proceedings.

The appellant, M/s Tamil Nadu State Marketing Corporation Ltd., filed a writ petition before the Madras High Court challenging the constitutional vali...

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Supreme Court Allows Appeal in Contract Refund Dispute — Interest on Principal Not Payable from Date of Deposit When Contract Not Void or Breached. Gujarat Maritime Board Not Liable to Pay Interest for Period Before Abandonment of Contract Under Indian Contract Act, 1872.

The Supreme Court allowed the appeal filed by the Chief Executive Officer and Vice Chairman, Gujarat Maritime Board, against the judgment of the Gujar...

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Supreme Court Dismisses Appeal Challenging Rejection of Nomination in Election Petition Against Prime Minister Narendra Modi. Appellant's Nomination Invalid for Lack of Certificate Under Section 33(3) of Representation of the People Act, 1951.

The appeal arose from an order of the Allahabad High Court dismissing an election petition filed by Tej Bahadur against Narendra Modi, the elected can...

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Supreme Court Directs Universal CCTV Installation in Police Stations and Constitution of Oversight Committees to Prevent Custodial Violence. Failure of States to Comply with Earlier Directions Leads to Comprehensive Monitoring Mechanism.

The Supreme Court, in a special leave petition concerning the implementation of its earlier directions in Shafhi Mohammad v. State of Himachal Pradesh...

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Supreme Court Upholds Expulsion of Trading Member for Violating Gross Exposure Limits and Failing to Maintain Capital Adequacy. Securities Contracts (Regulation) Act, 1956 - Section 22F - Appeal against Securities Appellate Tribunal order upholding expulsion from National Stock Exchange membership.

The appellant, Rusoday Securities Ltd., was a trading member of the National Stock Exchange of India Ltd. (NSE) since November 1994 and gave an undert...

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Supreme Court Disposes of PIL Challenging Interest Accrual During COVID-19 Moratorium After Government Announces Relief Measures. Petitioner expressed satisfaction with government's decision to waive interest on specified loan categories up to Rs.2 Crores.

The petitioner, Gajendra Sharma, filed a writ petition under Article 32 of the Constitution challenging the Reserve Bank of India's notification dated...

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Supreme Court Acquits Husband in Murder Case Due to Incomplete Circumstantial Evidence and Unreliable Witness. Conviction under Section 302 IPC Reversed as Prosecution Failed to Prove Guilt Beyond Reasonable Doubt Despite Death in Matrimonial Home.

The Supreme Court allowed the appeal of Jayantilal Verma, who was convicted under Section 302 IPC for the murder of his wife, Sahodara Bai. The incide...

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Supreme Court Upholds SAT Order Setting Aside SEBI Ex-Parte Interim Order in Insider Trading Case Due to Lack of Urgency. Tribunal's observation on SEBI's power to order pre-adjudication disgorgement held not to be a precedent.

The Supreme Court disposed of two statutory appeals filed by the Securities and Exchange Board of India (SEBI) under Section 15Z of the SEBI Act, 1992...