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Basant Kumar Nandy & 14 ORS. v. Dreamz Infra India Ltd.: Landmark Ruling on Delayed Possession in Real Estate Transactions Introduction The case of Basant Kumar Nandy & 14 ORS. v. Dreamz Infra India...
PNGRB Dismisses Naveriya Gas's Complaint Due to Non-Joinder of Necessary Parties Introduction The Petroleum and Natural Gas Regulatory Board (PNGRB) rendered an order on June 27, 2022, in the matter...
Depreciation on Goodwill Acquired via Slump Sale: AVIS Hospitals India Ltd. v. ACIT Introduction The case of AVIS Hospitals India Limited, Hyderabad v. Asst. Commissioner of Income Tax, Circle-1(1),...
ITA Ward-50(1) Kolkata v. Senco Alankar: Upholding Evidentiary Standards Under Section 69A Introduction The case of Income Tax Appellate Tribunal (ITA) Ward-50(1) Kolkata v. Senco Alankar revolves...
Trivitron Healthcare Pvt. Ltd. v. PCIT, Chennai: Landmark Ruling on Depreciation of Goodwill Post-Amalgamation Introduction The case of Trivitron Healthcare Pvt. Ltd. v. Principal Commissioner of...
Condonation of Delay in Filing Form No.10 for Section 11(2) Deductions – Precedent Set in Shree Harsaniji Public Charitable Trust v. ITO Introduction The case of Shree Harsaniji Public Charitable...
Interest on Delayed Receivables as Separate International Transaction: A New Precedent in Transfer Pricing Introduction The case of M/s. Outsourcepartners International Private Limited, Bangalore v....
ITAT Amritsar Establishes Jurisdictional Precedent Under Section 12A for Charitable Trusts Introduction The case of Dera Baba Bhai Gurdas Ji Udasin Trust (Regd), Mansa v. Income Tax Officer...
Assessment of Outstanding Receivables in Transfer Pricing: ITAT Delhi's Ruling in DCIT v. Iqor India Services Pvt. Ltd. Introduction The case of Deputy Commissioner Of Income Tax, Circle 12(2) New...
Deficiency of Service via SMS Alert Failure: SBI v. Jarnail Singh Establishes New Precedent Introduction The case of State Bank of India (SBI) vs. Jarnail Singh & 2 Ors. adjudicated by the National...
Limitations on Condonation of Delay in Consumer Appeals: Preet Land Promoters v. Rekha Introduction The case of Preet Land Promoters & Developers Pvt. Ltd. Through Its Managing Director Gopal Khanna...
Exclusion of Excise Duty Exemption from Book Profit under Section 115JB Established Introduction The case of Greenply Industries Limited, Tinsukia v. Assistant Commissioner of Income Tax,...
Limitation on Addition of Bogus Purchases Based on Gross Profit Margin in Trader Businesses Introduction The case of M/s. Shivam Construction Co., Panvel v. Deputy Commissioner of Income Tax...
Enhanced Procedural Safeguards in SARFAESI Act: Kenwood Marketing Inc. vs. HDFC Bank Ltd. Introduction The case of Kenwood Marketing Inc. vs. HDFC Bank Ltd. And Others is a pivotal judgment rendered...
Strict Enforcement of Time Limits for Appeal Filing under Section 263 of the Income Tax Act: ITAT's Stance in Prerti Madhok v. ITO, Chennai Introduction The case of Prerti Madhok v. Income Tax...
Chemicon Engineering Consultant Pvt Ltd v. Assistant Commissioner of Income Tax: A Landmark Decision on Section 68 and 56(2)(viib) Introduction The case of Chemicon Engineering Consultant Pvt Ltd.,...
ITAT Mumbai Upholds Reliance on Retraction of Section 132(4) Statements and Limits Disallowance Under Section 14A to Exempt Income Introduction The case of Asstt. Commissioner of Income-tax, Central...
Recognition of Surveyor Affidavits in Insurance Claims: Insights from Shriram General Insurance Co. Ltd. v. Sh. Pritam Kumar Introduction The case of Shriram General Insurance Co. Ltd. v. Sh. Pritam...
Mandatory Jurisdictional Compliance for Notices Under Section 143(2): Insights from ITAT Patna's Decision in Mateshwari Construction vs. ACIT Introduction The judgment in Mateshwari Construction,...
Adherence to SARFAESI Act Procedures Affirmed in M S R K PAR Boiling Pvt Ltd v. Indian Bank Introduction The case of M S R K PAR Boiling Pvt Ltd v. Indian Bank (Allahabad Bank) was adjudicated by the...