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Supreme Court Remands Tax Appeal to High Court for Speaking Order in Principal Commissioner of Income Tax v. M/s. Bajaj Herbals Pvt. Ltd. High Court's non-speaking dismissal of revenue's appeal under Section 260A of Income Tax Act, 1961 set aside for lack of reasoning.

The case involves an appeal by the Principal Commissioner of Income Tax against an order of the Gujarat High Court dismissing the Revenue's tax appeal...

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Supreme Court Dismisses Appeal by Suspended Director in IL&FS Accounts Reopening Case — Recasting Permitted Under Section 130 Companies Act. Court holds that SFIO and ICAI reports provide sufficient basis for reopening accounts and that suspended director lacks locus standi.

The case pertains to an appeal filed by Hari Sankaran, a suspended director of Infrastructure Leasing & Financial Services Limited (IL&FS), against th...