News Updates
Members Contributions To Club Towards Infrastructure, A Capital Receipt: ITAT
The Mumbai Bench of the Income Tax Appellate Tribunal (ITAT)consisting of Aby T. Varkey (Judicial Member) and Gagan Goyal (Accountant Member) has held that the voluntary contributions received from the members of the club towards infrastructure facilities were contributions received for a specific purpose and should be treated as a capital receipt.The assessee submitted that...
Kerala High Court Takes Suo Moto Cognizance Of Unaffordability Of Patented Life-Saving Medicines Following Death Of Petitioner
The Kerala High Court on Friday took suo moto cognizance of the unaffordability of patented life-saving medicines. Justice V.G. Arun, on being informed of the petitioner's death during the pendency of the proceedings, observed that, "the unfortunate incident should not result in the cause disposed by the petitioner to go in vain."In the plea moved through Advocate Maitreyi Sachidananda Hegde,...
Sikkim Govt Service Rules | Retired Re-Employed Employees Can't Be Denied Leave Encashment Benefits Unless Contractual: High Court
The Sikkim High Court recently observed that retired re-appointed employees cannot be denied the benefit of leave encashment, unless the re-engagement was contractual in nature.Referring to Rule 36 of the Sikkim Government Service (Leave) Rules, 1982, Justice Bhaskar Raj Pradhan observed:"The respondents' suggestion that there was financial burden upon the state exchequer by providing the...
Fee Payable To Insolvency Professional ; IBBI Notifies Third Amendment To CIRP Regulations
The Insolvency and Bankruptcy Board of India ("IBBI") has amended the IBBI (Insolvency Resolution Process for Corporate Persons) Regulations, 2016 ("CIRP Regulations") for a third time and has notified the amendment on 13.09.2022. The amendment has introduced Clause 34B and Schedule II to the CIRP Regulations which have brought about the following changes: The fee of the...
Employees Can't Withdraw From Voluntary Retirement Scheme After Stipulated Deadline Or Acceptance Of Benefits: Gujarat High Court
The Gujarat High Court has reiterated the position of law that once the employees have accepted the benefits under Voluntary Retirement Scheme, it is not open for the employees to challenge the scheme.They can also not contend after having withdrawn the amount, that they should be permitted to continue with their employment services, it added. Reiterating this principle, Justice...
"We May Be More Emotional As Women But Shouldn't Be Apologetic, Women Are Made With Steel": Justice Asha Menon Bids Farewell To Delhi High Court
Justice Asha Menon of the Delhi High Court on Friday said that many times women are overwhelmed by an emotional situation which may be difficult to handle but they should not feel apologetic about it. "Many times we are overwhelmed by a situation which is more emotional and very difficult to handle. Probably as a woman we may be more emotional. I don't find we should be apologetic but we are...
Kerala High Court Seeks UGC, AITC Stand On Plea Against Colleges Offering Foreign Collab Courses Sans Statutory Clearance
The Kerala High Court on Wednesday sought the stand of University Grants Commission and All India Council for Technical Education on colleges said to be offering B.Voc. Courses and courses in collaboration with Foreign Universities without obtaining all statutory and regulatory approvals required for conducting such courses. Justice Devan Ramachandran adjourned the matter to 27th September...
Allahabad High Court Orders CBI Probe Into Alleged 'Fake' Case Registered By UP Police Personnel Against Dalit Family Members
The Allahabad High Court recently directed the CBI to probe a kidnapping case against two persons/accused after they alleged that they were being implicated in false cases at the behest of 35 UP Police Personnel.The bench of Justice Suneet Kumar and Justice Syed Waiz Mian ordered thus on a Writ plea moved by the Accused petitioners belonging to a Dalit family seeking a fair investigation into...
Proposal To Elevate SC Advocates As HC Judges | Allahabad High Court Bar Association To Abstain From Judicial Work
The High Court Bar Association, Allahabad has decided to abstain from judicial after lunch today and tomorrow as a mark to protest against the proposal to elevate certain advocates as HC Judges who are purportedly not practicing before the Allahabad High Court.A notification in this regard was released today by the HCBA, Allahabad informing that it has decided to abstain from Judicial work...
Orders Bereft Of Reasoning Liable To Be Set Aside In Revisional Jurisdiction: Delhi High Court
The Delhi High Court has observed that the orders which are bereft of reasoning cannot be termed as good orders and the same are liable to be set aside in the revisional jurisdiction.Justice Dinesh Kumar Sharma made the observation while dealing with a plea filed by one Phulgita Devi challenging the order passed by the Trial Court whereby her application under Order VII Rule 11 of Code of...