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Supreme Court Upholds Assessee's Right to Carry Forward Loss as Vocation Income Under Income-tax Act, 1922. Hold that Decision on Loss in Previous Year Not Binding on Subsequent Year's Officer Under Section 24(2).

The assessee, Manmohandas, was appointed as Treasurer of a Bank in respect of certain branches, sub-agencies, and pay offices. During the previous yea...

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High Court of Karnataka Dismisses Appeal in Declaration Suit — Appellants Fail to Prove Title Over Government Land. Suit for Declaration and Injunction Dismissed as Plaintiffs Could Not Establish Ownership Over Property Claimed by State.

The appellants, legal representatives of the original plaintiff Sri Jayarama Reddy, filed a Regular First Appeal under Section 96 of the Code of Civil...

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Supreme Court Upholds Tax Deduction at Source on Guarantee Money Paid to Non-Resident Cricket Boards for Matches Played in India. Income from matches held in India is deemed to accrue in India under Section 9(1)(i) of the Income Tax Act, 1961, attracting TDS under Section 194E.

The case concerns an appeal by PILCOM (PAK-INDO-LANKA JOINT MANAGEMENT COMMITTEE), a committee formed by the cricket boards of Pakistan, India, and Sr...

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Bombay High Court Dismisses Delay Condonation Application in Specific Performance Suit — Unexplained Delay of Over 8 Years Not Condonable. Cross-Objection Filed After 3015 Days Without Sufficient Cause Rejected Under Section 5 of Limitation Act, 1963.

The judgment pertains to an application for condonation of delay of 3015 and 3166 days in filing cross-objection in Second Appeals No. 658/2007 and 70...

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Supreme Court Upholds Setting Aside of Compromise Decree in Partition Suit Due to Fraud and Forged Signatures. Compromise Decree Based on Forged Signatures of Defendant No.5 is a Nullity and Can Be Challenged Beyond Limitation Under Order 23 Rule 3 CPC.

The case arises from a partition suit filed by Dinbandhu Ojha (original plaintiff) seeking 1/4th share in the property of common ancestor Thakur Ojha....

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Supreme Court Upholds Conviction of Appellants in Murder Case Based on Testimony of Related Witnesses. Close relatives are natural witnesses and their evidence cannot be discarded solely on ground of relationship; inconsistency in inquest report not fatal.

The Supreme Court dismissed the appeal filed by Shio Shankar Dubey and others challenging their conviction under Section 302 and other sections of the...