final g.....Tags : Interest rates, marginal cost, rbi
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IBBI invites suggestions to simplify, ease and reduce cost of compliance of Regulations notified under the Insolvency and Bankruptcy Code, 2016(12.10.2023)
The Insolvency and Bankruptcy Board of India (IBBI) invites suggestions/comments from public and regulated entities, on the Regulations for simplifyin.....
Tags : Suggestions, Cost, Compliance, Regulations
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RBI clarifies its Directions on MCLR System(29.03.2016)
The Reserve Bank of India clarified its 2016 Directions relating to the Marginal Cost of Funds based on Lending Rate system, effective 1 April 2016. T.....
Tags : mclr, marginal cost, fixed rate
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International Cases
Court has discretion and will exercise that discretion to award costs to one party, where it is just to make costs order(11.07.2017)
In facts of present case, Plaintiff and Defendant carried on a pharmacy business in partnership. Plaintiff holds 60% interest and Defendant 40% intere.....
Tags : Partnership, Dissolution, Cost
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Costs of winding up of a partnership are to be paid out of the partnership assets unless there are good reasons to the contrary(18.06.2020)
In present matter, On 11 March 2019 the Plaintiff, in his own capacity and in his capacity as executor of the deceased's estate, brought an applicatio.....
Tags : Winding up, Costs, Assets, Partnership
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High Court and Court of Appeal have discretion to the award of costs, subject to the rules of Court(04.12.2020)
Present appeal raises a question concerning the role of the Supreme Court in relation to the principles governing the award of costs in lower Courts. .....
Tags : Award, Cost, Eligibility
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Court has broad powers under Section 21 of the Charitable Trusts Act, 1962 to make orders in respect of any property, money or income subject to a trust for charitable purposes(03.03.2021)
The Plaintiffs commenced present proceedings by originating summons filed 25 January 2021. The Plaintiffs seek relief, including declarations that the.....
Tags : Trust Fund, Legal costs, Entitlement
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Statutory provision should not be interpreted so as to alter the common law unless the intention to do so was clearly reflected in the enactment(04.11.2021)
The appeal concerned the construction to be placed on ‘collection costs’ as defined in Section 1 and whether collection costs in Section 101(1)(g), as.....
Tags : Cost, Inclusion, Post-judgment
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Set off of opposing costs orders is not affected by Qualified One-way Costs Shifting ("QOCS"), essentially because set-off is not a type of enforcement(06.10.2021)
Present appeal relates to the construction and effect of a procedural rule in relation to the costs of legal proceedings that applies to all personal .....
Tags : Cost, Legal proceedings, Applicability
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Courts should not grant adverse orders without providing the affected parties an opportunity to be heard(23.09.2021)
The issue before the SCA was whether the punitive cost order granted by LCC depriving the land claimants’ Legal Representatives of their fees in a lan.....
Tags : Adverse order, Cost, Legality
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The discretion to order security for costs is unfettered, and depends on an examination of all of relevant circumstances(10.01.2018)
The Defendants have applied for an order that, the Plaintiff give security for the costs of this action and for consequential orders, including that t.....
Tags : Costs, Security, Grant
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Court’s discretion to determine that by whom and to what extent the costs of proceedings are to be paid must be exercised judicially(25.01.2018)
In facts of present case, the Respondent is the operator of a caravan park. The Appellants and the Respondent entered into a tenancy agreement in resp.....
Tags : Cost, Payment, Validity
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News
ITAT, Mumbai: Amount Spent on Consumable Items can’t be Claimed as Improvement Cost(04.04.2022)
Income Tax Appellate Tribunal, Mumbai has observed that the amount spent on consumable items including sofa, tiles, etc., can’t be claimed as cost .....
Tags : Income Tax Appellate Tribunal, improvement cost, Income Tax Act, 196, capital gain
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SC Directs Centre to Identify Private Hospitals for Cost-Effective Treatment of COVID-19(27.05.2020)
Supreme Court has taken up for hearing a plea seeking nationwide cost related regulations for treatment of Coronavirus patients at private and corpora.....
Tags : Supreme Court, Private Hospitals for Cost-Effective Treatment
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SC: Refund Cost If You Call Off Engagement(25.07.2016)
SC has released a man’s family after three years litigation and observed that breaking a marriage alliance after enjoying the engagement party made th.....
Tags : SC , reimburse the cost, engagement party
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SC Issues Notice on Plea for Cost Regulation on Private Hospitals Treating COVID-19 Patients(01.05.2020)
Supreme Court has issued notice in a plea seeking nationwide cost related regulations for treatment of Coronavirus patients at private and corporate h.....
Tags : Supreme Court, Cost Regulation on Private Hospitals
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Kerala HC: Centre to Take Steps for Free of Cost Repatriation of Indians Unable to Meet Flight Fare(11.05.2020)
Kerala High Court has observed that the Government of India must take adequate steps to ensure repatriation of those who are unable to meet the flight.....
Tags : Kerala High Court, Free of Cost Repatriation of Indians
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Allahabad HC Imposes Cost on Man Who Sought Reiteration of General Mandamus Against Arbitrary Arrest(25.04.2022)
Allahabad High Court recently imposed a cost of Rs. 20,000 on a person who sought reiteration of a general mandamus, which has already been issued by .....
Tags : Allahabad High Court, Arbitrary Arrest, Cost, Reiteration of General Mandamus
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SC Upholds Bombay HC Order Imposing Cost of Rs. 5 Lakh Imposed on Litigant(28.06.2022)
Supreme Court while upholding Bombay High Court's order of imposition of Rs. 5 lakhs cost on a lady aged 78, has held that the order was justified in .....
Tags : Supreme Court, Bombay High Court, Abuse of Process, Cost
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SC: Cost of Treatment Should Not Act as Deterrent for Access to Medical Care(15.07.2020)
Supreme Court has directed the Centre to take a decision on what directions/guidelines it can make in terms of the Disaster Management Act, 2005 so th.....
Tags : Supreme Court, Cost of Treatment of Coronavirus
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Supreme Court Takes Note of Insurance Companies Not Reimbursing Cost of COVID Treatment(06.08.2020)
Supreme Court has taken note of complaints of insurance companies not reimbursing the full cost of COVID-19 treatment and told the Union government to.....
Tags : Supreme Court, Insurance Companies, Cost of COVID Treatment
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Delhi HC Corrects Arithmetic Error in an Order Which Imposed Rs. 12.5 Cr. Cost on a Private Company(07.06.2022)
Delhi High Court has made an arithmetic correction in its order which imposed a cost of Rs. 12.5 crores on a private company, SARR Freights Corporatio.....
Tags : Delhi High Court, Correction, Cost
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Delhi HC Awards Cost in Favour of Hungarian Company 'Hell Energy' in Suit for Trademark Infringement(08.06.2022)
Delhi High Court, in a trademark infringement suit has awarded a cost of Rs. 5 lakhs in favour of a Hungarian Company engaged in the business of produ.....
Tags : Delhi High Court, Trademark, Cost
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Madras HC Imposes Cost on Litigant Filing & Withdrawing Claims Based on State's Political Climate(07.07.2022)
Madras High Court has imposed cost of Rs. 1 lakh on a litigant for approaching the court on his whims and fancies depending upon the change in the pol.....
Tags : Madras High Court, Cost, Political Climate
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Kerala HC Imposes Cost on Litigants for Securing Favorable Judgment by Producing False Memo(20.07.2022)
Kerala High Court has set aside a judgment obtained by producing a fake memo showing service of notice and imposed Rs 10,000 on the litigants who prod.....
Tags : Kerala High Court, Fake Memo, Cost
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Delhi HC Imposes Cost on Jail-Superintendent for Not Sending Asthma Patient's Medical Report(15.10.2020)
Delhi High Court has imposed a cost of Rs. 5,000/- to be recovered from the salary of the Jail Superintendent concerned who failed to send asthma pati.....
Tags : Delhi High Court, Cost on jail Superintendent
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ITAT, Mumbai: Taxpayer Can Add Price Paid for Amenities to Arrive atTotal Cost of Acquisition(02.12.2020)
Income-Tax Appellate Tribunal (ITAT), Mumbai has held that the taxpayer can add the price paid for amenities to a builder’s group company to arrive at.....
Tags : Income Tax Appellate Tribunal, Total Cost of Acquisition
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SC Stays HC Order Directing Delhi Govt to Bear Costs of Gadgets Given to EWS Students(10.02.2021)
Supreme Court has stayed a Delhi High Court judgment which directed the Delhi Government to bear the costs of gadgets which the schools were directed .....
Tags : Supreme Court, Costs of Gadgets Given to EWS Students
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ITAT: Section 50C of 1961 Act Not Applicable on Brokerage Costs Incurred on Sale Consideration(09.07.2019)
Income Tax Appellate Tribunal (ITAT) Ahmedabad has ruled that Section 50C of the Income Tax Act, 1961 (1961 Act) cannot be applicable in case of broke.....
Tags : ITAT, Brokerage Costs
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Delhi HC Imposes Rs 10K Cost on Plea Seeking Details of Foreign Vaccine Makers Asking for Approval(20.05.2021)
Delhi High Court while dealing with a petition seeking details and data with respect to foreign vaccine manufacturers who have applied for approval in.....
Tags : Delhi HC, Cost
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Raj. HC Asks Grandparents Seeking Minor’s Custody to Deposit Rs. 50K as Advance Litigation Cost(10.11.2022)
Rajasthan High Court while hearing a petition seeking release of their 5+ years old grandson, who is suffering from a rare disease, from alleged illeg.....
Tags : Rajasthan High Court, Advance Litigation Cost, Custody
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Bombay HC Imposes Cost on Law Firm for Disclosing Rape Victim’s Name in Petition(27.12.2022)
Bombay High Court has observed that despite Section 228A of IPC and repeatedly telling Advocates that it is an offence to disclose name of rape victim.....
Tags : Bombay High Court, Rape Victim, Name, Law Firm, Cost
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Delhi HC Notices AAP Govt Over Non Implementation of CIC Order on Environ Cost(01.02.2017)
Delhi High Court has sought response of Delhi Government on why it has not complied with a 2011 Central Information Commission (CIC) order to display .....
Tags : Delhi High Court, Central Information Commission, environmental cost
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Delhi HC: Award of Cost Not Containing Reasons is Arbitrary(19.01.2023)
Delhi High Court has held that awarding costs by a stroke of the pen, without stating reasons would fly in the face of section 31(3) as per which an a.....
Tags : Delhi High Court, Cost, Arbitrary, Reason
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Delhi High Court Issues Notice in Plea Seeking Free of Cost Vaccination(10.05.2021)
Delhi High Court has issued notice to Union of India through Ministry of Health, Ministry of Education and the Government of National Capital Territor.....
Tags : Delhi High Court, Free of Cost Vaccination
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Allahabad HC Seeks Govt's Response on PIL Seeking Free of Cost COVID Treatment for Lawyers(14.05.2021)
Allahabad High Court has directed the State and Central Government to seek instructions in a Public Interest Litigation Petition seeking free-of-cost .....
Tags : Allahabad High Court, Free of Cost COVID Treatment
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SC Seeks Clarification on Risk and Cost of Manufacture of Covid Vaccines(03.06.2021)
Supreme Court has sought clarification on whether it would be accurate to state that private entities had alone borne the risk and cost of manufacture.....
Tags : Supreme Court, Cost of Manufacture of Covid Vaccines
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AAR, Karnataka: TDS Applicable on Services Purchased as Innovative Ideas to Minimize Cost(11.06.2021)
Authority of Advance Ruling (AAR), Karnataka has ruled that the Tax Deducted at Source (TDS) is applicable on all services purchased on account of inn.....
Tags : Authority of Advance Ruling, Services Purchased as Innovative Ideas to Minimize Cost
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Central Board of Direct Taxes Notifies Cost Inflation Index for FY 2021-22(16.06.2021)
Central Board of Direct Taxes has notified the cost inflation index (CII) for the financial year (FY) 2021-22 in a notification dated 12th June, 2021,.....
Tags : Central Board of Direct Taxes, Cost Inflation Index
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MP HC Imposes Rs. 2 Lakh Exemplary Cost on SBI for 'Inhuman Approach'(29.07.2021)
Madhya Pradesh High Court has imposed exemplary cost of Rs. 2 lakhs on the State Bank of India (SBI) for adopting a very 'inhuman approach' while deal.....
Tags : Madhya Pradesh High Court, Cost on State Bank of India
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Cal HC Imposes Cost on Authorities for Demolishing Encroachment Without Following Due Procedure(21.04.2023)
Calcutta High Court while observing that Authorities failed to comply with mandate of West Bengal Public Land Act, 1962 amounting to violation of the .....
Tags : Calcutta High Court, Encroachment, Cost, Authorities
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Guj HC: GST to be Paid Only on Cost of Construction and Not Land(06.06.2023)
Gujarat High Court while observing that in the sale of flat or commercial property, actual land value or undivided share is not at all subject to GST,.....
Tags : Gujarat High Court, GST, Construction, Cost, Land
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Not Only Chartered Accountants, Cost Accountants Can Also Certify IGST Refund Claims: CBIC(21.09.2018)
Central Board of Indirect Taxes and Customs has authorized the Cost Accountants to certify the ‘IGST Refund Claims’ of exporters whose records were no.....
Tags : CBIC, GST, Cost Accountants
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Allahabad HC Imposes Cost on State for Delaying Payment of Post-Death Dues of Employee(24.01.2020)
Allahabad High Court has imposed costs on State authorities for delaying the payment of post-death dues of an employee, for over 24 years.
Tags : Allahabad High Court, Cost on State for Delaying Payment of Post- Death Dues
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MCA Extends Last Date of Filing of Cost Audit Report to Board of Directors(28.09.2021)
Ministry of Corporate Affairs (MCA) has extended the last date of filing of the Cost Audit Report to the Board of Directors under Rule 6(5) of the Com.....
Tags : Ministry of Corporate Affairs, Last Date of Filing of Cost Audit Report
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Bombay High Court Imposes Costs For Vexatious Application In Commercial Dispute(29.09.2021)
Bombay High Court recently imposed heavy costs on the plaintiff for a "vexatious and mischievous" application, observing that the Commercial Courts Ac.....
Tags : Bombay High Court, Costs For Vexatious Application
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Del. HC: Cost Accountants and Chartered Accountants Not Similarly Placed Under Law(22.09.2023)
Delhi High Court while observing that Cost Accountants and Chartered Accountants are not at all similarly placed under law and are governed by two ind.....
Tags : Delhi High Court, Cost Accountants, Chartered Accountants
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Bombay HC Imposes Costs on Petitioner for Mentioning Matter Without Urgency(27.03.2020)
Bombay High Court has fined a Petitioner Rs.25,000 for failing to adhere to the directions issued by the Court in light of the outbreak of the pandemi.....
Tags : Bombay High Court, Costs on Matter Without Urgency
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SC Dismisses Plea Challenging Online Mode & Pattern Changes of Cost Accountancy Exams(02.12.2021)
Supreme Court has dismissed the writ petition challenging the pattern of the Intermediate and Final CMA Exams which is scheduled to be conducted onlin.....
Tags : Supreme Court, Cost Accountancy Exams
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SC Imposes Cost of Rs. 1 lakh on Central Government for Frivolous Appeal Against Retired Soldier(16.04.2018)
SC has imposed costs of Rs. 1 lakh on Central Govt. for filing an appeal against a former soldier, Naik Balbir Singh when similar appeals had already .....
Tags : Supreme Court, Frivolous Appeal, Cost
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Bombay High Court Imposes Rs 50 Lakhs Cost for "Frivolous and Vexatious" Litigation(08.01.2020)
Bombay High Court has imposed a cost of Rs.50 lakhs on Nagarjuna Agro Chemicals Pvt Ltd, a private company working in the agrochemical space for filin.....
Tags : Bombay High Court, Cost
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Supreme Court Stays NGT Order Imposing Cost on RICO for Causing Damage to Environment(16.02.2022)
Supreme Court has stayed National Green Tribunal's order imposing on Rajasthan State Industrial Development & Investment Corporation Limited a penalty.....
Tags : Supreme Court, Order Imposing Cost on RICO
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