Interest Earned On FDs Kept As Security For PG Is Taxable As Business Income: ITAT

The Delhi Bench of the Income Tax Appellate Tribunal (ITAT) has held that the interest income earned on fixed deposits kept as security for performance guarantees is taxable as business income and can be set off against project expenses.The single bench of Saktijit Dey (Judicial Member) has directed the Assessing Officer to refund the TDS amount to the assessees.The assesses/appellants...

Reservation Benefits Of One State Cannot Be Claimed In Another State Even If Migration Is On Account Of Marriage: Himachal Pradesh HC

In a case filed by a candidate claiming reservation based on her status of being a person from a 'Scheduled Tribe', the Himachal Pradesh High Court has held that reservation cannot be claimed by a person in the migratory state upon migration from another state even when such migration took place for reasons of marriage. The case related to a petitioner-woman, who by birth belonged to...

Gyanvapi 'Controversial' Remarks Case | Varanasi Court Admits Plea To Register Case Against Akhilesh Yadav, Asaduddin Owaisi

A Varanasi Court today admitted an application filed under 156 (3) CrPC plea to register criminal cases against Samajwadi Party Chief Akhilesh Yadav and AIMIM Chief Asaduddin Owaisi for allegedly making controversial remarks in relation to the Gyanvapi Mosque-Kashi Vishwanath Temple Dispute.The application under Section 156 (3) CrPC had been filed by advocate Harishankar Pandey, a resident...

Tamil Nadu Govt Misusing Preventive Detention Laws, Will Order State To Pay Compensation Whenever Detention Is Found Frivolous: Madras High Court

Expressing shock over Tamil Nadu government's abuse of preventive detention laws, the Madras High Court has said that it will impose costs on the State whenever a preventive detention order is found to be illegal. We, therefore, hold that, while quashing preventive detention orders, if the Court finds that the detention was wholly frivolous or was based on non-existent or...

Addition/Disallowance Can't Be Made Merely On Assessee's Admission During Search: Delhi High Court

The Delhi High Court has held that the statement recorded during the course of the search, on a standalone basis, without any reference to material found during the search, would not empower the AO to make additions/disallowance merely on the assessee's admission."The Appellant-Revenue has not placed reliance on or even referred to any statement recorded under Section 132(4) of the Act, 1961....

Gujarat High Court Judge Recuses From Hearing Teesta Setalvad's Regular Bail Plea In State Police FIR

Justice Samir J. Dave of the Gujarat High Court today recused from hearing the regular bail plea filed by social activist Teesta Setalvad in connection with State Police FIR against her for allegedly fabricating documents so as to implicate high government functionaries in relation to the 2002 Gujarat riots. When the matter came up for hearing before the bench and Setalvad's Counsel SM...

Delhi High Court Dismisses Uddhav Thackeray's Plea Against ECI's Freezing Order On Shiv Sena Party Symbol

The Delhi High Court on Tuesday dismissed the plea moved by Former Maharashtra Chief Minister Uddhav Thackeray against Election Commission of India (ECI)'s decision to freeze Shiv Sena's 'bow and arrow' party symbol.The ECI on October 8 directed both Thackeray and Eknath Shinde's faction to not use the name "Shiv Sena" or symbol "bow and arrow" till their rival claims for the official...

'No Evidence To Link Accused With Sexual Assault': Meghalaya HC Grants Bail To BJP Leader Bernard Marak In 3-Yr-Old's Rape Case

The Meghalaya High Court on Monday granted bail to BJP leader Bernard Marak in connection with the rape of a three year-old girl, who was allegedly rescued from his farmhouse. The single bench of Justice W. Diengdoh observed, "A case of sexual assault particularly involving a minor girl is very serious, however, even the medical report suggests that any sexual assault perpetrated...

Delhi Court Grants Bail To Jacqueline Fernandez In Money Laundering Case

A Delhi Court on Tuesday granted pre-arrest bail to Bollywood actor Jacqueline Fernandez in the Rs 200-crore money laundering case being probed by the Enforcement Directorate against alleged conman Sukesh Chandrasekhar.The order was pronounced by Additional Sessions Judge Shailender Malik, who had reserved the decision last week. A copy of the order is awaited.The actor was summoned by the...

State Should Prevent Private Medical Colleges Collecting Excess Fee If It Is Really Interested In Citizens' Welfare: Karnataka High Court

The Karnataka High Court recently suggested the State government to issue general directions to Medical colleges against collection of excess fees from students over and above what is fixed by the government and the Karnataka Examinations Authority. A division bench of Justices B. Veerappa and KS Hemalekha said,"It is the duty of the State Government to protect the students...

'Unsympathetic Attitude, Head Hangs In Shame': Delhi High Court Raps DDA For Failing To Pay ₹10 Lakh To Kin Of Two Men Who Died In Sewer

The Delhi High Court on Tuesday expressed displeasure over Delhi Development Authority (DDA)'s failure to comply with an order directing it to pay a sum of Rs. 10 lakh to families of two men, who died due to inhalation of toxic gases inside a sewer in September.Calling it a "complete asympathetic attitude", a division bench of Chief Justice Satish Chandra Sharma and Justice Subramonium...

Sec.19 Of MSMED Act Applies To All Kinds Of Challenges : Gujarat High Court

The High Court of Gujarat has held that Section 19 of MSMED Act, which provides for 75% deposit of the awarded amount as a pre-condition to challenging any order, award or decree passed in favour of the supplier, applies to all challenge applications regardless of whether the decree, award, order was passed by MSME Council, independent arbitration or the Court. The bench of Justice...