All Tribunals Case Commentaries

Enhancing Compliance Standards: SEBI's Landmark Judgment on System Support Services

Date: Jan 17, 2020

Enhancing Compliance Standards: SEBI's Landmark Judgment on System Support Services Introduction On January 16, 2020, the Securities and Exchange Board of India (SEBI) delivered a pivotal judgment...

Clarifying the Definition and Applicability of "Storm" in Insurance Claims: Analysis of Oriental Insurance Co. Ltd. And Others (S) v. Amba Shakti Ispat Limited

Date: Jan 17, 2020

Clarifying the Definition and Applicability of "Storm" in Insurance Claims: Analysis of Oriental Insurance Co. Ltd. And Others (S) v. Amba Shakti Ispat Limited Introduction The legal landscape...

SEBI's Interim Suspension of Money Desire Research for Fraudulent Practices

Date: Jan 16, 2020

SEBI's Interim Suspension of Money Desire Research for Fraudulent Practices Introduction The Securities and Exchange Board of India (SEBI) recently adjudicated against Money Desire Research (MDR), an...

Duty of Disclosure in Insurance Contracts: Seema Begum (S) v. HDFC Standard Life Insurance Company Limited And Others

Date: Jan 16, 2020

Duty of Disclosure in Insurance Contracts: Seema Begum (S) v. HDFC Standard Life Insurance Company Limited And Others Introduction The case of Seema Begum (S) v. HDFC Standard Life Insurance Company...

Fair Practices in Insurance Claim Settlements: Analysis of S.R. Bio Chem v. Oriental Insurance Company Ltd.

Date: Jan 16, 2020

Fair Practices in Insurance Claim Settlements: Analysis of S.R. Bio Chem v. Oriental Insurance Company Ltd. Introduction The case of S.R. Bio Chem (Through Its Partner Shri Satish Mehra) v. Oriental...

Determining Constructive Total Loss in Insurance Claims: Insights from Vijay Kumar v. United India Insurance Co. Ltd.

Date: Jan 15, 2020

Determining Constructive Total Loss in Insurance Claims: Insights from Vijay Kumar v. United India Insurance Co. Ltd. Introduction The case of Vijay Kumar v. United India Insurance Company Ltd. was...

Section 14A and 115JB: Limiting Disallowances to Exempt Income – Analysis of M/s PepsiCo India Holdings Pvt. Ltd. vs DCIT

Date: Jan 15, 2020

Section 14A and 115JB: Limiting Disallowances to Exempt Income – Analysis of M/s PepsiCo India Holdings Pvt. Ltd. vs DCIT 1. Introduction The case of M/s PepsiCo India Holdings Pvt. Ltd., Gurgaon v....

Clarification on Income Classification and Deductions for Insurance Companies under the Income Tax Act: Max Life Insurance v DCIT

Date: Jan 15, 2020

Clarification on Income Classification and Deductions for Insurance Companies under the Income Tax Act: Max Life Insurance v DCIT Introduction The case of Max Life Insurance Company Ltd. v. Deputy...

Strict Adherence to Reference Weather Stations in Agricultural Insurance Claims: A Landmark Judgment

Date: Jan 15, 2020

Strict Adherence to Reference Weather Stations in Agricultural Insurance Claims: A Landmark Judgment Introduction In the realm of agricultural insurance, the accuracy and reliability of weather data...

Comprehensive Commentary on Smt. Bohati Devi Gupta v. Community Health Centre: Landmark Ruling on Salary Arrears

Date: Jan 15, 2020

Comprehensive Commentary on Smt. Bohati Devi Gupta v. Community Health Centre: Landmark Ruling on Salary Arrears Introduction The case of Smt. Bohati Devi Gupta v. Community Health Centre,...

ITA Delhi Rules Reassessment Must Follow Section 153C When Documents Seized in Separate Investigations

Date: Jan 15, 2020

ITA Delhi Rules Reassessment Must Follow Section 153C When Documents Seized in Separate Investigations Introduction The case of Adarsh Agrawal, Delhi vs. ITO, Ward-61(1), New Delhi adjudicated by the...

Jagruti Securities Suspension: Reinforcing SEBI's Regulatory Vigilance

Date: Jan 14, 2020

Jagruti Securities Suspension: Reinforcing SEBI's Regulatory Vigilance 1. Introduction The Securities and Exchange Board of India (SEBI) rendered a pivotal decision on January 13, 2020, concerning...

Turnover Calculation for Speculative Intraday Transactions under Section 44AB IT Act – Rajjak Ahmed Khan vs. ITO Jaipur

Date: Jan 14, 2020

Turnover Calculation for Speculative Intraday Transactions under Section 44AB IT Act – Rajjak Ahmed Khan vs. ITO Jaipur Introduction The case of Shri Rajjak Ahmed Khan, Jaipur v. ITO, Ward-4(4),...

Refund of Service Tax and TDS in Compensation Awards: NCDRC Upholds State Commission's Decision

Date: Jan 14, 2020

Refund of Service Tax and TDS in Compensation Awards: NCDRC Upholds State Commission's Decision Introduction The case of Estate Officer, Greater Mohali Area Development Authority (Gmada) And Others...

SEBI Cancels Click2Trade Capital Ltd's Registration: A Precedent on Broker Compliance and Investor Protection

Date: Jan 14, 2020

SEBI Cancels Click2Trade Capital Ltd's Registration: A Precedent on Broker Compliance and Investor Protection Introduction The Securities and Exchange Board of India (SEBI) issued a pivotal order on...

Enhancing Transparency and Protecting Privacy: Insights from K.K. Garg v. Central Public Information Officer

Date: Jan 14, 2020

Enhancing Transparency and Protecting Privacy: Insights from K.K. Garg v. Central Public Information Officer Introduction The case of K.K. Garg v. Central Public Information Officer addresses the...

CERC Abolishes Mandatory NOC for Changing Trading Members in Energy Exchanges: A Comprehensive Analysis of NHPC Ltd. v. IEX

Date: Jan 14, 2020

CERC Abolishes Mandatory NOC for Changing Trading Members in Energy Exchanges: A Comprehensive Analysis of NHPC Ltd. v. IEX Introduction The case of NHPC Limited (A Govt. Of India Enterprise) v....

CERC Affirms Strict Adherence to Connectivity Regulations in Vaayu Renewable Energy v. PGCIL

Date: Jan 14, 2020

CERC Affirms Strict Adherence to Connectivity Regulations in Vaayu Renewable Energy v. PGCIL Introduction The case of Vaayu Renewable Energy (Sironj) Private Limited versus Power Grid Corporation of...

NCLT Establishes Debenture Subscription Agreements as Financial Debt under IBC: Bennett Property Holdings vs Brick Egale Affordable Housing

Date: Jan 11, 2020

NCLT Establishes Debenture Subscription Agreements as Financial Debt under IBC: Bennett Property Holdings vs Brick Egale Affordable Housing Introduction The case of Bennett Property Holdings Company...

Income Tax Tribunal Upholds Denial of Section 54F Deduction for Foreign Property Purchases

Date: Jan 11, 2020

Income Tax Tribunal Upholds Denial of Section 54F Deduction for Foreign Property Purchases Introduction The case of Mr. Rajasugumar Subramani, Bengaluru v. Income Tax Officer, International Taxation,...