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Supreme Court Remands Income Tax Appeal Dismissed as Infructuous Due to Company Dissolution Under Section 560(5) of Companies Act, 1956. High Court Failed to Consider Relevant Provisions of Companies Act and Income Tax Act Regarding Continuing Liability of Dissolved Companies.

The appeal arose from a judgment of the Rajasthan High Court dismissing the Income Tax Department's appeal under Section 260A of the Income Tax Act, 1...

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Supreme Court Sets Aside Contempt Conviction of Purchaser in Specific Performance Suit — Lack of Knowledge of Injunction and Vendor's Acquittal Lead to Acquittal. Purchaser Cannot Be Held in Contempt When Vendor Exonerated and No Evidence of Knowledge of Interim Order Under Order XXXIX Rule 2(a) CPC.

The Supreme Court allowed an appeal against a High Court order affirming the Executing Court's finding of contempt against the appellant, Ramasamy, fo...