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Supreme Court Allows Deductions Under Sections 80-IA and 80-HHC of Income Tax Act Without Restriction Under Section 80-IA(9) — Holds That Each Deduction Is Computed on Eligible Profits Separately and Cumulative Deduction Is Permissible Up to Gross Total Income.

The case involved a group of appeals concerning the interpretation of Section 80-IA(9) of the Income Tax Act, 1961, specifically whether an assessee w...

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Supreme Court Upholds RBI Circular Denying Arrears of Pension from Date of Retirement in Pension Option Case. Prospective Pension from July 1, 2020, Upheld as Valid Exercise of Employer's Discretion.

The Reserve Bank of India (RBI) appealed against a Division Bench judgment of the Kerala High Court that had dismissed its appeal against a Single Jud...

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Supreme Court Partly Allows Appeal of Territorial Army Officer for Reconsideration of Promotion Grading. COAS directed to reconsider appellant's 'Z' grading in June 2001 Selection Board, as similar reconsideration was granted to another officer.

The appellant, Lt. Col. NK Ghai (Retd.), was commissioned into the Territorial Army on 14 March 1978 and promoted to Selection Grade Lieutenant Colone...