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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 Allows Wife's Petition to Set Aside Sessions Court Order Directing Filing of Affidavits of Disclosure in Maintenance Appeals — Filing of Affidavit of Disclosure Under Rajnesh v. Neha Guidelines Not Mandatory at Appellate Stage When Not Filed Earlier.

The petitioner, Mrs. Jeevanjyoti Kaur Bansal, filed two writ petitions challenging orders dated 8th December 2023 passed by the Sessions Court, Mumbai...

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Bombay High Court Quashes Compulsory Retirement of District Judge Due to Non-Communication of Adverse Remarks. Adverse CR Entries Without Communication Violate Principles of Natural Justice Under Rule 19 of Maharashtra Judicial Services Rules, 2008.

The petitioner, a judicial officer, challenged an order dated 26 February 2010 passed by the Principal Secretary and Legal Advisor, Law and Justice De...

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Supreme Court Dismisses Challenge to Enforcement of Foreign Award on Grounds of Arbitrator Bias — Upholds High Court Order. Alleged Conflict of Interest of Presiding Arbitrator Not Sufficient to Refuse Enforcement Under Section 48(2)(b) of Arbitration and Conciliation Act, 1996.

The Supreme Court dismissed appeals challenging the enforcement of a foreign arbitral award. The dispute arose from a Share Subscription Agreement bet...

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Bombay High Court Quashes NCW Proceedings Against KPMG in Service Dispute. National Commission for Women Lacks Jurisdiction Over Employment Grievances Under Section 10 of the National Commission for Women Act, 1990.

The petitioners, KPMG India Pvt. Ltd. and its Company Secretary Harsh Sagar Goyal, filed a writ petition seeking to quash proceedings initiated by the...