Re.....Tags : Rbi, interest rate options, report
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EPFO Raises Rate Marginally to 8.8% for FY16(17.02.2016)
Employees' Provident Fund Organisation (EPFO) has marginally raised interest rate on retirement savings to 8.80% for 2015 -16 from 8.75% last year but.....
Tags : Employees' Provident Fund Organisation, interest rate on retirement savings
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Blast from the Past
Winding a fine line between ‘public interest’ and interest(02.08.2004)
Tobacco advertising occupies a grey area in the debate on moral policing. On the one hand is consumer will and freedom to consume a legal substance, o.....
Tags : Pan masala, public interest, ban, state
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Winding a fine line between ‘public interest’ and interest(02.08.2004)
Tobacco advertising occupies a grey area in the debate on moral policing. On the one hand is consumer will and freedom to consume a legal substance, o.....
Tags : Pan masala, public interest, ban, state
read»
Contract must explicitly bar pendente lite interest to prevent arbitral award(16.03.2016)
An Arbitrator cannot award interest pendente lite if the same is barred expressly by contract. The Supreme Court distinguished an explicit contractual.....
Tags : Arbitration, interest, award, pendente lite
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Interest income to be included in tax return(01.01.1900)
The Central Board of Direct Taxes notified persons earning interest income that interest credited or received on deposits is taxable unless exempt und.....
Tags : Income tax return, interest income, inclusion
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RBI’s first monetary policy statement in 2016(05.04.2016)
The Reserve Bank of India reduced its rate under the liquidity adjustment facility to 6.5 per cent and the cash reserve ratio to 90 per cent – a massi.....
Tags : Rbi, interest rates, liquidity
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No Revenue appeals against interest on refund of excess TDS(26.04.2016)
The Central Board of Direct Taxes issued a notification stating that no appeals are to be filed against interest be claimed by a tax deduct on refund .....
Tags : litigation reduction, tds, refund, interest
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CCIL now approved counterparty for electronic IRS transactions(05.05.2016)
The Reserve Bank of India notified the Clearing Corporation of India Ltd. as an approved counterparty for interest rate swap transactions undertaken o.....
Tags : Interest rate swap, ccil, approved counterparty
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MACT award not classifiable as “income”(02.06.2016)
Compensation awarded by the Motor Accident Claims Tribunal, and interest accruing therefrom, are not subject to TDS (tax-deducted-at-source) and the s.....
Tags : mact, compensation, interest, tds, welfare
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Bombay HC Rejects PIL Seeking New Commission to Probe Gandhi Murder(07.06.2016)
Bombay HC has dismissed a public interest litigation (PIL) seeking appointment of a Commission of Inquiry to probe afresh the murder of Mahatma Gandhi.....
Tags : Bombay HC, public interest litigation
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Disclosure of bank’s business dissuades “window-dressing”, in public interest(28.06.2016)
“Any action that results in dissuading commercial entities from indulging in practices such as window-dressing would be in larger public interest”, th.....
Tags : rti, exemption, bank, business mix, public interest
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Arbitration tribunal empowered to recall order ‘in the interest of justice’(08.07.2016)
An arbitration tribunal can exercise its inherent powers to “secure the ends of justice”, the Chhattisdarh High Court said, allowing claims that the t.....
Tags : chhattisgarh, arbitration, order, recall, interest of justice
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International Cases
Doctrine of illegality bows down to public interest(20.07.2016)
A party to a contract “tainted by illegality” is not barred from recovering money paid under the contract from the other party under the law of unjust.....
Tags : uk, doctrine of illegality, public interest, insider information
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Lok Sabha Passes Bill Seeking Expeditious Recovery of Bad Loans by Banks(02.08.2016)
Lok Sabha has passed the Enforcement of Security Interest and Recovery of Debts Laws and Miscellaneous Provisions (Amendment) Bill, 2016, which provid.....
Tags : Lok Sabha, Enforcement of Security Interest and Recovery of Debts Laws and Miscellaneous Provisions (Amendment) Bill, 2016
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Interest Free Loans to IIT Students(04.08.2016)
Interest subvention on the education loans to be provided, for all students admitted for undergraduate and the 5-year integrated degree programmes in .....
Tags : Loans, Interest Free, IIT students
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Rajya Sabha Passes a Bill to Expedite Disposal of Debt Recovery Applications(10.08.2016)
Rajya Sabha has passed the Enforcement of Security Interest and Recovery of Debts Laws and Miscellaneous Provisions (Amendment) Bill, 2016, which amen.....
Tags : Enforcement of Security Interest and Recovery of Debts Laws and Miscellaneous Provisions (Amendment) Bill, 2016, Rajya Sabha
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President Gives Assent to Recovery Laws(19.08.2016)
President has given assent to the Enforcement of Security Interest and Recovery of Debts Laws and Miscellaneous Provisions (Amendment) Act, 2016.
Tags : President, Enforcement of Security Interest and Recovery of Debts Laws and Miscellaneous Provisions (Amendment) Act, 2016
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Interest and penalty not imposable where credit wrongly availed, reversed prior to utilization(08.08.2016)
Issue involved was relating to liability to pay interest on cenvat credit availed by Appellant but not utilized and reversed subsequently. In present .....
Tags : Cenvat credit, Interest, Liability
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Position Limits for Hedgers(19.08.2016)
1. As per Section 131(4) of Finance Act, 2015 all rules, directions, guidelines, instructions, circulars, or any like instruments, made by the erstwhi.....
Tags : Invester’s interest, Protection, Hedgers, Limits
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Restrictions on Promoters and Whole-Time Directors of Compulsorily Delisted Companies Pending Fulfillment of Exit Offers to the Shareholders(07.09.2016)
In terms of section 21A of the Securities Contracts (Regulation) Act, 1956 (SCR Act) read with rule 21 of the Securities Contracts (Regulation) Rules,.....
Tags : Restrictions, Promoters, Delisted Companies, Investors interest, Protection
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Interest would be payable from date on which CENVAT credit is wrongly taken or utilized(03.11.2016)
Appellant is engaged in manufacture of electronic connector harness and other IT products availed CENVAT credit of duty paid on inputs and capital goo.....
Tags : CENVAT credit, Interest, Levy
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Pension and gratuity are valuable rights and any culpable delay in disbursement thereof must be visited with penalty of payment of interest(15.11.2016)
Respondent was Assistant Store Superintendent with Irrigation Department of State of Uttar Pradesh. He stood retired on 30th June, 2009 on attaining a.....
Tags : Interest
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Supreme Court: "We Do Not Want Politics to Shift to Courts"(02.12.2016)
Supreme Court, while hearing arguments on whether a political party can file and pursue a Public Interest Litigation (PIL), has observed that, "We do .....
Tags : Supreme Court, political party, public Interest Litigation
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Introduction of Interest Rate Options in India(29.12.2016)
As announced in the fourth bi-monthly Monetary Policy Statement 2016-17, it has been decided to introduce Interest Rate Options in India. The Reserve .....
Tags : Options, Interest rate, Introduction
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Person holding premises gratuitously or as caretaker or servant would not acquire any interest in property even by long possession(06.01.2017)
Instant appeal challenges judgment passed by High Court of Bombay setting aside Order passed by Bombay City Civil Court. Said Notice of Motion was dis.....
Tags : Property, Possession, Caretaker, Interest
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Supreme Court Slams States’ Casual Stance on Crucial Public Interest Matters(17.01.2017)
Supreme Court has slammed several States for their casual attitude towards crucial public interest matters of public importance like pollution and cle.....
Tags : Supreme Court, public interest matters
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Interest rates for Small Savings Schemes(09.02.2017)
Please refer to circular DGBA.GAD.881/15.02.005/2016-17 dated October 13, 2016 on the above subject. The Government of India, had vide their Office Me.....
Tags : Saving schemes, Interest rates
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Allahabad HC Quashes Cabinet’s Move Quashing Interest Payable By Sugar Mill Owners to Farmers(10.03.2017)
Allahabad High Court has quashed a cabinet decision of October whereby interest to tune of Rs 2000 crore, payable by sugar mill owners to sugarcane fa.....
Tags : Allahabad High Court, Sugar Mill Owners, interest
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Supreme Court: Waiver of Interest Can Be Treated As Income Accruing to Assessee(13.04.2017)
Supreme Court has held that to ascertain actual accumulated loses to be set off in hands of assesssee, first adjust income that is accruing to it on a.....
Tags : Supreme Court, Waiver of Interest
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SC Upholds State’s Power to Attach Properties of ‘Defaulting’ Financial Establishments(17.05.2017)
Supreme Court has upheld State's power to issue ad interim order u/s 3 of Tamil Nadu Protection of Interests of Depositors Act, 1997, attaching immova.....
Tags : Supreme Court, Tamil Nadu Protection of Interests of Depositors Act, 1997
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Supreme Court: Relation of Witnesses to Deceased By Marriage Not Sufficient to Reject Testimony(25.05.2017)
Supreme Court has observed that the fact that witness may be related to deceased by marriage, cannot be sufficient reason to classify him as a related.....
Tags : Supreme Court, interested witness
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Supreme Court: Judiciary Needs to Lean in Favor of View That Sub-Serves Nation's Economic Interest(19.06.2017)
Supreme Court has stated that even if there is some technical violation by an industry, judiciary needs to lean in favor of particular view which sub-.....
Tags : Supreme Court, Nation's Economic Interest
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Cabinet approves Interest Subvention to banks on Short-Term crop loan to farmers(14.06.2017)
The Union Cabinet chaired by the Prime Minister Shri Narendra Modi has approved the Interest Subvention Scheme (ISS) for farmers for the year 2017-18......
Tags : Approval, Interest Subvention, Banks
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Assessing Officer can impose penalty for default in making payment of tax, but same shall not exceed amount of tax in arrears(01.07.2017)
In the present case, Income Tax Return of Respondent-Assessee was processed under Section 143(1) of Income Tax Act, 1961, demand was raised and penalt.....
Tags : Arrears, Tax, Interest, Inclusion
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When there has been devolution of interest during pendency of suit, suit may, by leave of Court, be continued by or against persons upon whom such interest has devolved(10.07.2017)
By present application, challenge is made to order passed by District Judge, whereby appellate Court rejected application of Petitioner under Order XX.....
Tags : Interest, Devolution, Substitution, Entitlement
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Policy on interest rate on loans for agricultural purposes(01.08.2017)
Reserve Bank of India (RBI) has deregulated the interest rate on advances sanctioned by Scheduled Commercial Banks and these interest rates are determ.....
Tags : Policy, Interest rate, Loans, Agricultural purposes
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Trade Repository for OTC Foreign Exchange and Interest Rate Derivatives(21.09.2017)
1. Attention of Authorised Dealer Category - I (AD Category-I) banks is invited to circular no.FMD.MSRG.No.75/02.05.002/2012-13 dated March 13, 2013 o.....
Tags : Trade Repository, Foreign Exchange, Interest Rate
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Intervention of the Court is envisaged only in few circumstances like fraud or bias by the Arbitrators or violation of natural justice(03.10.2017)
The Appellant, in present appeals, has challenged the legality and correctness of the judgment and order passed by High Court of Calcutta. Appellant s.....
Tags : Dispute, Arbitrability, Award, Interest
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Interest rates for Small Savings Schemes(11.01.2018)
1. Please refer to our circular DGBA.GBD.954/15.02.005/2017-18 dated October 12, 2017 on the above subject. The Government of India, had vide their Of.....
Tags : Interest, Rates, Schemes
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MOU Signed For Providing Centralized Platform for Processing Interest Subsidy to Eligible Beneficiaries under Sep Component of Day-Nulm(09.01.2018)
A Memorandum of Understanding(MOU) has been signed in the presence of Shri Hardeep Singh Puri, Minister of State(I/C) Ministry of Housing and Urban Af.....
Tags : MOU, signing of, Interest Subsidy
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For erroneous credit availed, even if, not utilized, interest could be applicable for the normal period of limitation(19.01.2018)
In the facts of present case, the Appellant had wrongly taken excess credit of Rs. 9,97,32,292 during the period September 2008 to January 2009 on imp.....
Tags : Excess credit, Interest, Payment
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Scheme under which period of imprisonment served in default of payment in full of the amount specified in confiscation order is based on entire amount outstanding, including interest(24.01.2018)
Present case concerns the enforcement of confiscation orders made by the Crown Court upon conviction. As well as various statutory mechanisms for enfo.....
Tags : Confiscation, Interest, Calculation
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Telecom Regulatroy Authrority of India "Trai Conducts Consumer Outreach Programme"(12.02.2018)
One of the important objectives of TRAI is to create awareness and safeguard consumer interests. Towards this objective, TRAI organizes consumer outre.....
Tags : Programme, Awareness, Consumer interest
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Separate limit of Interest Rate Futures (IRFs) for Foreign Portfolio Investors (FPIs)(08.03.2018)
1. Reserve Bank of India, in its Statement on Developmental and Regulatory Policies, released on August 02, 2017, proposed to allocate a separate limi.....
Tags : Interest Rate, FPIs, Separate limit
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"TRAI conducts "Consumer Outreach Programme (COP)" on 27.04.2018 at Gurgaon, Haryana(02.05.2018)
One of important objectives of TRAI is to safeguard consumer interests and create consumer awareness. Towards this objective, TRAI organizes consumer .....
Tags : Consumer outreach, Programmes, Workshops, Consumer interests
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Banking Regulation Act, 1949 - Section 26A Depositor Education and Awareness Fund Scheme, 2014 - Operational Guidelines - Payment of Interest(07.06.2018)
Please refer to the circular DBOD.No.DEA Fund Cell.BC.126/30.01.002/2013-14 dated June 26, 2014 on the captioned subject, wherein Reserve Bank had spe.....
Tags : Interest Rate, Payment, Operational Guidelines
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Bank cannot refuse any payment which is made by a loanee of outstanding amount(19.06.2018)
The appeal has been preferred against the order passed by the learned single Judge, who has exonerated the private Respondent from making further paym.....
Tags : Outstanding dues, Interest, Payment
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Exemption to Interest Income on Specified Off-shore Rupee Denominated Bonds(17.09.2018)
Interest payable by an Indian company or a business trust to a non-resident, including a foreign company, in respect of rupee denominated bond issued .....
Tags : Interest Income, Denominated Bonds Exemption
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Top Story
Supreme Court allows Live streaming of Court proceedings(26.09.2018)
In a landmark verdict, Supreme Court declared case proceedings of “constitutional importance having an impact on the public at large would be live str.....
Tags : Proceedings, Live-streaming, Public interest
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Interest Equalisation Scheme on Pre and Post Shipment Rupee Export Credit(29.11.2018)
1. Please refer to the operational instructions for the captioned scheme contained in RBI circular on Interest Equalisation Scheme on Pre and Post Shi.....
Tags : Equalisation Scheme, Interest, Shipment, Export Credit
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#Budget2019: Government Raises TDS Threshold on Interest on Deposits(01.02.2019)
Union Finance Minister Piyush Goyal has announced increase in TDS threshold on interest on post office and bank deposits from Rs. 10,000/- to Rs. 40,0.....
Tags : #Budget2019, Budget 2019, Government Raises TDS Threshold on Interest on Deposits
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Mere taking of cenvat credit in book of account would not entail interest and penalty unless same is drawn from account of the government by way of refund or utilisation against duty dues(23.01.2019)
Appellant manufactures bright bar of stainless steel, and mild steel and mild steel wire. It has registered under the Central Excise Act. It availed c.....
Tags : Duty demand, Interest, Penalty
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Central Government rescinds Notification No. 8/2017-Union Territory Tax (Rate), dated the 28th June, 2017 MANU/GSUT/0014/2017 under Union Territory Goods and Services Tax Act, 2017(29.01.2019)
In exercise of the powers conferred by sub-section (1) of section 8 of the Union Territory Goods and Services Tax Act, 2017 (14 of 2017), the Central .....
Tags : Notification, Rescission, Public interest
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Arbitral Tribunal can't Award Interest if Agreement Expressly Bars Its Payment: SC(08.02.2019)
Supreme Court has reiterated that arbitrator cannot award interest on award if the agreement expressly prohibits grant of interest.
Tags : Supreme Court, Arbitral Tribunal can't Award Interest if Agreement Expressly Bars Its Payment
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Court shall regard welfare of child as most important consideration in relation to adoption(23.01.2019)
In present case, the South Eastern Health and Social Care Trust (Appellant) sought an order pursuant to the Adoption (Northern Ireland) Order, 1987 th.....
Tags : Adoption, Interest, Child
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Amendment in notification No. 50/2017-Customs, dated the 30th June, 2017(26.02.2019)
In exercise of the powers conferred by sub-section (1) of section 25 of the Customs Act, 1962 (52 of 1962) and sub-section (12) of section 3 of the Cu.....
Tags : Amendment, Notification, Public interest
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Interest rate of deposits made under the Special Deposit Scheme for Non-Government Provident, Superannuation and Gratuity Funds(03.04.2019)
It is hereby notified that the deposits made under the Special Deposit Scheme for Non-Government Provident, Superannuation and Gratuity Funds, announc.....
Tags : Deposits, Interest rate, Scheme
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Insurer is liable to pay interest in case of delay beyond the timeline prescribed in Regulation(04.04.2019)
Present Petition under Article 226 of the Constitution of India, seeks a writ of mandamus to Respondent No. 1- Life Insurance Corporation of India (LI.....
Tags : LIC Policy, Payment, Delay, Interest
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No GST on Interest Free Security Deposit for Lease: AAR(18.04.2019)
Authority for Advance Rulings (AAR), Maharashtra has held that Goods and Services Tax (GST) cannot be levied on interest free security deposit, given .....
Tags : AAR, Interest Free Security Deposit, GST
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No GST on Interest Free Security Deposit for Lease: AAR(18.04.2019)
Authority for Advance Rulings (AAR), Maharashtra has held that Goods and Services Tax (GST) cannot be levied on interest free security deposit, given .....
Tags : AAR, GST, Interest Free Security Deposit for Lease
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Spent conviction orders are not made, when public interest is involved(17.04.2019)
The Appellant seeks leave to appeal against penalties imposed upon him following his conviction of road traffic offences. The penalties were imposed b.....
Tags : Public interest, Conviction, Validity
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Authorities are entitled to claim exemption when disclosure of information risks possibility of its misuse(15.05.2019)
In facts of the present case, the Appellant filed an application under the Right to Information Act, 2005 (RTI Act) before the Central Public Informat.....
Tags : Information, Disclosure, Public interest
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RBI announces rate of interest on Floating Rate Bonds, 2020(20.06.2019)
The rate of interest on the Floating Rate Bonds, 2020 (FRB 2020) applicable for the half year June 21, 2019 to December 20, 2019 shall be 6.13% per an.....
Tags : Interest rates, Rate Bonds, Announcement
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Supreme Court: Chief Judicial Magistrates Competent to Deal With Applications U/s 14 SARFAESI Act(24.09.2019)
In an important ruling, SC has held that a Chief Judicial Magistrate is equally competent to deal with the application moved by the secured creditor u.....
Tags : Supreme Court, Securitization and Reconstruction of Financial Assets and Enforcement of Security Interest Act, Chief Judicial Magistrate
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Recovery of Interest on delayed remittance of Government Receipts into Government Account(26.09.2019)
In Circular DGBA.GAD.No.H-4831/42.01.011/2012-13 dated February 13, 2013 wherein, in order to bring uniformity in the procedure of reporting both cent.....
Tags : Government Receipts, Recovery, Interest
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Department can re-open proceedings after issuance of discharge certificate only when there is substantial and conscious mis-declaration(21.10.2019)
The brief facts of the case are that, the Respondents filed VCES declaration under Section 107 of the Finance Act, 2013 as amended. They paid service .....
Tags : Demand, Interest, Deletion, Legality
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If amount is not voluntarily paid by assessee and later on case is decided in his favour, then he is entitled to interest from date of deposits made by assessee(18.11.2019)
The present appeal is directed against the impugned order passed by the Commissioner (Appeals) whereby the Commissioner (Appeals) has allowed the inte.....
Tags : Interest, Entitlement, Date
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RBI Policy: Interest Rates Unchanged, GDP Growth Forecast Lowered(06.12.2019)
Reserve Bank of India has released its fifth bi-monthly monetary policy statement for 2019-20 in which the Monetary Policy Committee, decided to keep .....
Tags : RBI Policy, Interest Rates
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Right and interest in University of North Pension Fund included not only right and interest in pension fund, but also provident fund(03.12.2019)
The origin of the present dispute lies in the terms of an order of divorce granted as long ago as 6 December 2004, by the North Eastern Divorce Court,.....
Tags : Right, Interest, Pension fund
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Amendments approved in interest subvention scheme for MSMEs(16.12.2019)
Changes set to give Fillip to the MSME Sector
The Minister for Micro, Small and Medium Enterprises and Road Transport & Highways, Shri.....
Tags : Amendments, Interest subvention
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Telangana High Court Makes Lord Venkateswara a Respondent in Public Interest Litigation(21.01.2020)
Telangana High Court has made Lord Venkateswara a Respondent in a Public Interest Litigation which questioned the construction of a temple in a park. .....
Tags : Telangana High Court, Lord Venkateswara, Party in Public Interest Litigation
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Punjab and Haryana High Court: GST Tribunal to Deal with Matters Relating to Interest(31.01.2020)
Punjab and Haryana High Court has clarified that Goods and Service Tax Tribunal (GST Tribunal) will handle all disputes regarding interest on GST and .....
Tags : Punjab and Haryana High Court, GST Tribunal, Matters on Interest
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ITAT, Bangalore: No Disallowance of Interest Expenses on Account of Non-Deduction of TDS(12.02.2020)
Income Tax Appellate Tribunal (ITAT), Bangalore has held that there should be no disallowance of interest expenses on account of non- deduction of Tax.....
Tags : Income Tax Appellate Tribunal, No Disallowance of Interest Expenses
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Madras HC: Interest Should be Levied on Belated GST Cash Payments but Not on ITC(17.02.2020)
Madras High Court has held that the Goods and Services Tax (GST) could be levied on interest only on the cash component of the tax remitted belatedly .....
Tags : Madras High Court, Interest on GST Cash Payments
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Interest on delayed GST payment will now be calculated on net tax liability(15.02.2020)
The Central Board of Indirect Taxes and Customs (CBIC) released a statement clarifying that, interest payable on delayed payment of GST will be calcul.....
Tags : Tax liability, Interest, Delayed payment
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Interest alone cannot be construed as operational debt(11.02.2020)
Present appeal emanates from the order passed by the Adjudicating Authority on the application filed under Section 9 of the Insolvency and Bankruptcy .....
Tags : Delayed payment, Interest, Operational Debt
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Gujarat High Court Stays Recovery of Interest from Delayed Goods and Services Tax Payment(18.02.2020)
Gujarat High Court has stayed the recovery of interest on the delayed Goods and Services Tax payment from taxpayers who have filed their returns in Fo.....
Tags : Gujarat High Court, Recovery of Interest
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ITAT, Mumbai: Interest on Investments in Co-operative Bank Eligible for Deduction(24.02.2020)
Income Tax Appellate Tribunal (ITAT), Mumbai has held that the interest income earned by a co-operative society on its investments held with a co-oper.....
Tags : Income Tax Appellate Tribunal, Interest on Investments in Co-operative Bank
read»
Integrity of judicial officer must be of a higher order and even a single aberration is not permitted(27.02.2020)
Present writ petitions have been filed by two erstwhile judicial officers who were members of the judicial service in the State of Jharkhand and are d.....
Tags : Compulsory retirement, Public interest, Legality
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When affairs of Company are being conducted in manner prejudicial to public interest, Tribunal is empowered to replace the existing Management(13.03.2020)
The Union of India moved a Petition under Sections 401/397/398 read with Section 408 of the Companies Act, 1956 (now Section 241(2) read with Section .....
Tags : Report, Public interest, Management, Replacement
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A person cannot be made to wait indefinitely for possession of flat allotted and is entitled to seek refund of amount paid(02.04.2020)
The Appellant-Builder launched a residential project by the name “Araya Complex” in Sector 62, Golf Course Extension Road, Gurugram. The Respondent- F.....
Tags : Refund, Interest, Entitlement
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A person cannot be made to wait indefinitely for possession of flat allotted and is entitled to seek refund of amount paid(02.04.2019)
The Appellant-Builder launched a residential project by the name “Araya Complex” in Sector 62, Golf Course Extension Road, Gurugram. The Respondent- F.....
Tags : Refund, Interest, Entitlement
read»
Recovery of interest on delayed period even though claimed after taking possession is maintainable(14.03.2019)
In facts of present case, Appellant-allottee has challenged the final order passed by Learned Member and Adjudicating Officer of MahaRERA Authority in.....
Tags : Delayed possession, Interest, Entitlement
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Promoter is liable to pay interest to the complainant on failure to fulfil his obligation(28.02.2019)
A complaint was filed under section 31 of the Real Estate (Regulation and Development) Act, 2016 read with rule 28 of the Haryana Real Estate (Regulat.....
Tags : Delayed possession, Interest, Legality
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No interest is payable, when clauses agreement bars arbitrators from granting interest(07.02.2019)
In present matter, the Appellant herein was awarded the contract under which it was to execute certain Works. Agreement in this behalf was signed on 1.....
Tags : Award, Interest, Legality
read»
Interest Subvention (IS) and Prompt Repayment Incentive (PRI) for Short Term Crop Loans during the years 2018-19 and 2019-20: Extended Period on account of Covid-19(21.04.2020)
1. Please refer to circular FIDD.CO.FSD.BC.No.15/05.02.001/2018-19 dated March 7, 2019 regarding Interest Subvention Scheme for Short Term Crop Loans .....
Tags : Interest Subvention, Extension, Covid-19
read»
Jharkhand HC: No Interest Recovery Without Show Cause Notice and Adjudication(04.05.2020)
Jharkhand High Court has held that the process of recovery of interest cannot be initiated against an assessee under the Central Goods and Services Ta.....
Tags : Jharkhand High Court, Interest Recovery
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ITAT, Kolkata: Disallowance of Deduction of Interest Income Should be Restricted to Net Interest(08.05.2020)
Income Tax Appellate Tribunal (ITAT), Kolkata has held that disallowance of deduction under Section 80IB(10) of the Income Tax Act, 1961 in respect of.....
Tags : Income Tax Appellate Tribunal, Disallowance of Deduction of Interest Income
read»
Government committed to uphold and protect interest of homebuyers while ensuring ease of doing business in real estate sector(13.05.2020)
The Government is committed to uphold and protect the interest of homebuyers while ensuring ease of doing business in the real estate sector. Subseque.....
Tags : Protection, Interest, Homebuyers
read»
Interest Equalisation Scheme on Pre and Post Shipment Rupee Export Credit-Extension(13.05.2020)
1. Please refer to the operational instructions for the captioned Scheme contained in RBI circular on Interest Equalisation Scheme on Pre and Post Shi.....
Tags : Interest Equalisation, Scheme, Extension
read»
Air Conditioner and its related Parts, Hermetic Compressor and Temperature Sensing Controls (Quality Control) Amendment Order, 2020(18.05.2020)
In exercise of the powers conferred by sub-sections (1) and (2) of section 16 read with sub-section (3) of section 25 of the Bureau of Indian Standard.....
Tags : Amendment Order, Air Conditioner, Public interest
read»
RBI Slashes Key Rate 40 Basis Points to New All-Time Low(25.05.2020)
Reserve Bank of India has cut key interest rates by 40 basis points to a new low of 4%, citing an assessment of Gross Domestic Product contraction in .....
Tags : Reserve Bank of India, Interest Rates
read»
Supreme Court Issues Notice to Centre and RBI on Interest on Loans During Moratorium(26.05.2020)
Supreme Court has issued notice to the Centre and Reserve Bank of India (RBI) in a plea regarding the levy of interest on loan amounts during the stip.....
Tags : Supreme Court, Interest on Loans During Moratorium
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Sstrict or literal interpretation of provisions has to be consistent with object of Act(10.06.2020)
The appeal concerned the application of Section 34A of the Estate Agency Affairs Act 112 of 1976, which precludes an estate agent from claiming commis.....
Tags : Provision, Applicability, Public interest
read»
President Promulgates Banking Regulation (Amendment) Ordinance, 2020(27.06.2020)
In order to ensure safety of depositors across banks, the President has promulgated the Banking Regulation (Amendment) Ordinance, 2020. The Ordinance.....
Tags : Ordinance, Interest, Depositors
read»
Before entertaining a writ petition and passing any interim orders, Court must carefully weigh conflicting public interests(24.06.2020)
The present appeals are directed against the interim order passed by the High Court whereby in an intra-court appeal, the High Court passed an order o.....
Tags : Public interest, Interim order, Legality
read»
Securities and Exchange Board of India (International Financial Services Centres) Guidelines, 2015-Amendments(09.07.2020)
1. Kindly refer to SEBI (IFSC) Guidelines, 2015 which were notified by SEBI on March 27, 2015 and SEBI Circular dated July 27, 2017.
2. In o.....
Tags : Guidelines, Amendments, Interests, Investors
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SC Pulls Up Centre for Not Clarifying Stand on Interest During Moratorium(27.08.2020)
Supreme Court has rebuked the Central Government for not clarifying its stand on the issue of interests payable on EMI loans during the COVID-19 induc.....
Tags : Supreme Court, Interest During Moratorium
read»
Amendment in notification No. 50/2017-Customs, dated the 30th June, 2017(07.09.2020)
In exercise of the powers conferred by sub-section (1) of section 25 of the Customs Act, 1962 (52 of 1962) and sub-section (12) of section 3 of the Cu.....
Tags : Public interest, Amendment, Notification
read»
Interest can be capitalized only in respect of capital assets purchased out of borrowed funds(04.09.2020)
The revenue has filed present appeal challenging the decision rendered by Learned CIT(A) in respect of disallowance of interest expenditure made by th.....
Tags : Interest, Disallowance, Legality
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Court cannot grant interlocutory injunction, unmindful of the existence of a prima facie case merely on basis of public interest(18.09.2020)
Present application, preferred by the Appellant praying for permitting the applicant to manufacture and sell its product "APIXABID", a generic product.....
Tags : Public interest, Permission, Sale
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SC Directs Centre to Speed Up Implementation of Waiver of Compound Interest on Loan Instalments(15.10.2020)
Supreme Court has directed the Central government to speed up the implementation of waiver of compound interest on instalments of loans up to Rs 2 cro.....
Tags : Supreme Court, Waiver of Compound Interest on Loan Instalments
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Allahabad HC: Authority Fully Empowered to Award Interest on Amount Paid by Allottees(09.11.2020)
Allahabad High Court has held that in case of contravention of any obligation cast upon the promoters under the Real Estate (Regulation and Developmen.....
Tags : Allahabad High Court, Interest on Amount Paid by Allottees
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Authority under RERA Act, 2016 is empowered to impose interest on contravention of obligations by promoter(04.11.2020)
In facts of present case, the Petitioner is a promoter. The Respondent Nos.3 to 119 are allottees. The Petitioner could not deliver possession of the .....
Tags : Interest, Levy, Validity
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Kerala HC: PIL Based Purely on Paper Report Not Maintainable(27.11.2020)
Kerala High Court has stated that Public Interest Litigation filed purely on the basis of paper report is not maintainable.
Tags : Kerala High Court, Public Interest Litigation
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Amendment in notification No. 50/2017- Customs, dated the 30th June, 2017(26.11.2020)
In exercise of the powers conferred by sub-section (1) of section 25 of the Customs Act, 1962 (52 of 1962) and sub-section (12) of section 3 of the Cu.....
Tags : Amendment, Notification, Public interest
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ITAT, Mumbai: No Disallowance of Interest on Borrowed Capital for Business Purposes(04.12.2020)
Income Tax Appellate Tribunal (ITAT), Mumbai has held that interest paid on borrowed funds used for business purposes cannot be disallowed.
Tags : Income Tax Appellate Tribunal, Disallowance of Interest on Borrowed Capital
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CESTAT, Delhi: No Service Tax Applicable on Additional Interest Recovered from Customers(14.12.2020)
Customs, Excise, Service Tax Appellate Tribunal (CESTAT), Delhi has held that service tax is not applicable on additional interest recovered from cust.....
Tags : Customs, Excise, Service Tax Appellate Tribunal, Additional Interest Against Delayed Payment
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Madras HC Rejects Plea Seeking Direction Against Payment of Interest Towards Seized Travelers Cheque(17.12.2020)
Madras High Court has rejected the plea seeking direction against authority to pay 15% interest towards seized travelers cheques on the ground of undu.....
Tags : Madras High Court, Interest on Seized Travelers Cheques
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No larger public interest overriding the right to privacy of the donors and donees of electoral bonds; information are exempt under provisions of RTI Act(21.12.2020)
The Appellant has filed the instant appeal on the grounds that, reply given by the CPIO was wrong, incomplete and misleading. The Appellant pleaded th.....
Tags : Information, Disclosure, Public interest
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Interest rate of deposits made under the Special Deposit Scheme for Non-Government Provident, Superannuation and Gratuity Funds(06.01.2021)
It is hereby notified that, the deposits made under the Special Deposit Scheme for Non-Government Provident, Superannuation and Gratuity Funds, announ.....
Tags : Interest rate, Deposits, Scheme
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ITAT, Allahabad: No Tax Applicable on Interest Income Linked to Power Plant(04.02.2021)
Income Tax Appellate Tribunal (ITAT), Allahabad has held that the no tax is applicable on the interest income linked with the power plant set up as it.....
Tags : Income Tax Appellate Tribunal, Interest Income Linked to Power Plant
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ITAT, Chennai: Simpliciter Interest Received for Delay in Payment Not Income from Business(16.02.2021)
Income Tax Appellate Tribunal (ITAT), Chennai has held that simpliciter interest received for delay in payment cannot be considered as income generate.....
Tags : Income Tax Appellate Tribunal, Simpliciter Interest
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SC: Evidence of Interested Person Can be Considered If It is Corroborated(05.03.2021)
Supreme Court has observed that the evidence of interested person can be considered provided such evidence is corroborated by other evidence on record.....
Tags : Supreme Court, Evidence of Interested Person
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Allahabad HC: Testimony of Interested Witness Should be Taken After Careful Scrutiny(11.03.2021)
Allahabad High Court has held that the testimony of an interested witness, though admissible, should be accepted by the Court after a careful scrutiny.....
Tags : Allahabad High Court, Testimony of Interested Witness
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CBDT Issues Clarification on Continuation of Concessional Rate of Tax on Interest Income of FPIs(18.03.2021)
Central Board of Direct Taxes (CBDT) has issued the clarification on the continuation of the concessional rate of tax on interest income of Foreign Po.....
Tags : Central Board of Direct Taxes, Concessional Rate of Tax on Interest Income of FPIs
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SC Bars Charging Compound Interest or Penal Interest on Any Borrower During Loan Moratorium(23.03.2021)
Supreme Court has directed that there should be no charging of compound interest, interest on interest or penal interest on the instalments which were.....
Tags : Supreme Court, Compound Interest or Penal Interest on Borrower
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If Refund is delayed by three months after filling Application for Refund, claimant becomes eligible to get interest(01.04.2021)
The Appellant has filed present Appeal against the impugned order-in-appeal passed by the Commissioner (Appeals), CGST and Central Excise, wherein SAD.....
Tags : Refund, Interest, Entitlement
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Interest Equalization Scheme on Pre and Post Shipment Rupee Export Credit-Extension(12.04.2021)
1. Please refer to the instructions issued vide DBR.Dir.BC.No.69/04.02.001/2019-20 dated May 13, 2020.
2. In this connection, Government of .....
Tags : Interest Equalization, Scheme, Extension
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CESTAT, Ahmedabad: Interest of Only Refundable Duty Admissible under Section 11BB(20.04.2021)
Customs, Excises, Service Taxes Appellate Tribunal (CESTAT), Ahmedabad has held that the interest of only refundable duty is admissible under Section .....
Tags : Customs, Excises, Service Taxes Appellate Tribunal, Interest of Refundable Duty
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Unless otherwise agreed by parties, Arbitral Tribunal can award interest at reasonable rate for a period commencing from the date when the cause of action arises till the date of the award(22.04.2021)
The Appellants were awarded a contract by the State of Kerala for upgradation of a State Highway for two stretches, from Muvattupuzha-Thodupuzha and M.....
Tags : Interest, Delayed payment, Entitlement
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Alignment of interest of key employees of Asset Management Companies with the unit holders of the Mutual Fund Schemes(28.04.2021)
1. While SEBI has taken steps to standardize the scheme categories and characteristics of each category, the management of risk return profile of the .....
Tags : Alignment, Interest, Key employees
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Delhi HC Issues Notice in Plea Seeking Directions to Safeguard Interest of Orphans(10.05.2021)
Delhi High Court has issued notice to Union Of India, Ministry Of Women & Child Development, Ministry Of Health & Family Welfare, Government Of NCT Of.....
Tags : Delhi High Court, Directions to Safeguard Interest of Orphans
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ITAT, Mumbai: Forex Gains on Repayment of Interest-free Loan by Relative Not Taxable(19.05.2021)
Income Tax Appellate Tribunal, Mumbai has ordered that foreign exchange gains arising in the hands of an individual, on a repayment of an interest-fre.....
Tags : Income Tax Appellate Tribunal, Forex Gains on Repayment of Interest-free Loan by Relative
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Right to residence is not an indefeasible right of residence in shared household especially when the daughter-in-law is pitted against aged father-in-law and mother-in-law(17.05.2021)
In instant case, Parties to the present petition are related to each other in a way that Petitioner is the daughter-in-law and Respondents are her par.....
Tags : Right, Shared household, Beneficial interest
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An employee has a right to claim interest on delayed payment of retirement benefits(21.06.2021)
The writ Petitioner joined Durgapur Projects Limited, a Government of West Bengal Enterprise, on August 18, 1980. Durgapur Projects Limited is a State.....
Tags : Gratuity, Interest, Entitlement
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Interest Equalization Scheme on pre and post shipment rupee export credit - extension(01.07.2021)
1. This is with reference to the instructions issued vide circular DOR.CRE.REC.06/04.02.001/2021-22 dated April 12, 2021.
2. Government of I.....
Tags : Interest Equalization, Scheme, Extension
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RBI Issues Review of Instructions on Interest on Overdue Domestic Deposits(06.07.2021)
Reserve Bank of India (RBI) has issued the review of instructions on Interest on overdue domestic deposits. The RBI has directed Banks to refer to dir.....
Tags : Reserve Bank of India, Interest on Overdue Domestic Deposits
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RBI reviews instructions relating to interest on overdue domestic deposits(02.07.2021)
Reserve Bank of India (RBI) has issued the review of instructions on Interest on overdue domestic deposits. RBI’s decision to allow banks to offer the.....
Tags : Interest, Deposit, Instruction
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SC: Lender Who Advanced Interest Free Loans to Finance Business Operations is Financial Creditor(30.07.2021)
Supreme Court has observed that a lender who advanced interest free loans to finance the business operations of a corporate body is a Financial Credit.....
Tags : Supreme Court, Lender Who Advanced Interest Free Loans
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Once the borrowed funds were utilized for business purposes, interest paid on same becomes an allowable deduction under Section 36(i)(iii) of the IT Act(02.08.2021)
Present appeal arises out of the order by the learned Commissioner of Income Tax (Appeals). The ground raised by the assessee is with regard to challe.....
Tags : Disallowance, Interest, Legality
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Credit on Outdoor Catering Service to the extent of contribution of services charges borne by the employee is not Cenvatable(03.09.2021)
The issue involved in the present case is that whether the Appellant is liable to pay interest on the Cenvat credit availed on the contribution of ser.....
Tags : Demand, Interest, Legality
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CBIC Directs GSTN to Waive Off Late Fees and Interest Due to Technical Glitches(22.09.2021)
Central Board of Indirect Taxes and Customs (CBIC) has directed the Goods and Service Tax Networks to waive off Late Fees and interest for one day du.....
Tags : Central Board of Indirect Taxes and Customs, Late Fees and Interest
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Kerala HC: Interest Under Customs Act Statutory, Cannot Be Waived Unless Authorised By Act(30.09.2021)
Kerala High Court has ruled that a Court cannot waive the payment of interest while exercising its jurisdiction under Article 226 of the Constitution,.....
Tags : Kerala High Court, Interest Under Customs Act
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Use of any alternative reference rate in place of LIBOR for interest payable in respect of export / import transactions(28.09.2021)
1. Attention of Authorised Dealer Category- I banks (AD banks) is invited to extant Regulation 15 of Foreign Exchange Management (Export of Goods & Se.....
Tags : Alternative reference rate, LIBOR, Interest
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SC: Arbitrator Cannot Grant Pendente Lite Interest if Contract Contains Specific Clause(05.10.2021)
Supreme Court has observed that an arbitrator cannot grant pendente lite interest if the contract contains a specific clause which expressly bars paym.....
Tags : Supreme Court, Pendente Lite Interest
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If the contract prohibits pre-reference and pendente lite interest, the arbitrator cannot award interest for the said period(04.10.2021)
Present appeal is directed against the Order of the Division Bench of the High Court whereby it has upheld the judgment of the learned Single Judge re.....
Tags : Award, Interest, Entitlement
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ITAT, Kolkata Deletes Addition as Interest on Loan After Deduction of TDS(22.10.2021)
Income Tax Appellate Tribunal (ITAT), Kolkata has deleted the addition as interest on Loan duly paid by the assessee after deducting Tax Deducted at S.....
Tags : Income Tax Appellate Tribunal, Interest on Loan After Deduction of TDS
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SC: Arbitrator Has Substantial Discretion in Awarding Interest u/s 31 (7) (a) Arbitration Act(28.10.2021)
Supreme Court has observed that an Arbitrator has substantial discretion in awarding interest under Section 31(7)(c) of the Arbitration and Conciliati.....
Tags : Supreme Court, Discretion in Awarding Interest
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No power under the Employees' State Insurance Act to statutory interest(29.10.2021)
In facts of present case, by a notice dated 6th April 1990, a demand was made by the Insurance Corporation in the sum of Rs.8,01,510 by way of contrib.....
Tags : Interest, Waiver, Entitlement
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ITAT: Loan On Interest From Sister Concern Does Amount To ‘Deemed Dividend’(17.11.2021)
Income Tax Appellate Tribunal (ITAT), Delhi bench has held that loan on interest received from the sister concern to fulfill the enhanced requirement .....
Tags : ITAT, Loan on Interest, Deemed Dividend
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Deposits made under the Senior Citizens Welfare Fund shall bear interest at 3.35%(23.11.2021)
It is hereby notified that the deposits made under the Senior Citizens Welfare Fund, announced in the Ministry of Finance (Department of Economic Affa.....
Tags : Deposits, Welfare Fund, Interest
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If there is a specific contract between the parties that proscribes award of interest, award of pre-reference interest would be impermissible(20.12.2021)
The Petitioner (the 'Railway') has filed the present petition under Section 34 of the Arbitration and Conciliation Act, 1996 ('A and C Act') impugning.....
Tags : Award, Interest, Validity
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Notification of Interest on deposits made under the Special Deposit Scheme for Non-Government Provident, Superannuation and Gratuity Funds(04.01.2022)
It is hereby notified that the deposits made under the Special Deposit Scheme for Non-Government Provident, Superannuation and Gratuity Funds, announc.....
Tags : Notification, Interest, Deposits
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Bombay HC: Assessee Required to Pay Interest Where Advance Tax Paid Less Than 75%(29.12.2021)
Bombay High Court has held that the assessee is required to pay interest where advance tax paid is less than 75% of the assessed tax in case against B.....
Tags : Bombay High Court, Interest on Advance Tax
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ITAT, Mumbai: Interest on Delay in Payment of Advancements Charged Only on Returned Income(27.01.2022)
Income Tax Appellate Tribunal (ITAT), Mumbai has held that the interest on delay in payment of advancements shall be charged only on the returned inco.....
Tags : Income Tax Appellate Tribunal, Interest on Delay in Payment of Advancements
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Karnataka HC Dismisses Appeal Challenging Order to Reduce Interest on Home Loan(27.01.2022)
Karnataka High Court has dismissed an appeal filed by Canara Bank (E-Syndicate Bank) challenging an order of the Single judge by which it was directed.....
Tags : Karnataka High Court, Order to Reduce Interest on Home Loan
read»
SEBI Introduces special situation funds under Alternative Investment Funds Regulation(27.01.2022)
SEBI (Alternative Investment Funds) Regulations, 2012 ("AIF Regulations"), have been amended and notified on January 24, 2022, to introduce Special Si.....
Tags : Introduction, SSF, Interest, Investor
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Delhi HC: Award of Interest Contrary to Terms of Agreement Can be Challenged(02.02.2022)
Delhi High Court has reiterated that the award of interest contrary to the express terms of the agreement between the parties would be susceptible to .....
Tags : Delhi High Court, Award of Interest
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ITAT, Ahmedabad: No Disallowance for Interest Expenses if Investment to Acquire Control(03.02.2022)
Income Tax Appellate Tribunal (ITAT), Ahmedabad has held that no disallowance can be made for interest expenses if the investment was made to acquire .....
Tags : Income Tax Appellate Tribunal, No Disallowance for Interest Expenses
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ITAT, Dehradun: Interest on Income Tax Refund Not on Permanent Establishment Not Business Income(14.03.2022)
Income Tax Appellate Tribunal, Dehradun has ruled that interest on income tax refund received by a foreign enterprise is not effectively connected to .....
Tags : Income Tax Appellate Tribunal, Interest on Income Tax Refund
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Supreme Court Grants Relief to Company to Pay OTS Amount with Interest(14.03.2022)
Supreme Court has granted relief to a company to pay OTS amount with interest considering that the default in payment was due to Covid.
Tags : Supreme Court, OTS Amount with Interest
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Liability to pay the interest on compensation shall be from the date of accident(11.03.2022)
The heirs of the deceased – labourer working on sugarcane field have preferred the present appeal against the impugned judgment passed by the High Cou.....
Tags : Compensation, Interest, Entitlement
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Delhi HC Dismisses Plea Against Reopening of Schools for Unvaccinated Children(29.03.2022)
Delhi High Court has dismissed a public interest litigation which challenged the decision of Delhi government to recommence physical classes for schoo.....
Tags : Delhi High Court, Physical class, Public Interest Litigation
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Bombay HC: Threshold of Public Interest Must to Stop Bypassing of Civil Courts(29.03.2022)
Bombay High Court has held that a writ Court should not exercise its powers in contractual matters under Article 226 of the Constitution, unless the s.....
Tags : Bombay High Court, Public Interest, Civil Court, Judicial Review, Contractual Obligation
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Andhra Pradesh HC: In Contract, Rate of Interest May be customized by Court on Equitable Grounds:(30.03.2022)
Andhra Pradesh High Court has decided that where the rate of interest is fixed in the contract, it would be open to the Court to alter the rate of int.....
Tags : Andhra Pradesh High Court, Interest Rate, Contract
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Jharkhand HC: Interest Liability Can't Be Raised Under GST Without Initiating Adjudication Process(30.03.2022)
Jharkhand High Court has observed that if an assessee disputes the liability of interest, either its calculation or the leviability, then the only alt.....
Tags : Jharkhand High Court, Assessing Officer, GST, Assessee, liability of interest
read»
Karnataka HC Rejects Plea to Award Bharat Ratna Award to Late Sri Shivakumara Swami(04.04.2022)
Karnataka High Court has rejected a public interest litigation seeking a direction to be issued to the Prime Minister of India to consider the represe.....
Tags : Karnataka High Court, public interest litigation, Bharat Ratna award
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Delhi HC Dismisses Plea Challenging Aadhar Requirement for Availing Ration(06.04.2022)
Delhi High Court has dismissed a public interest litigation that challenges the mandatory requirement of Aadhaar card to avail free ration under the N.....
Tags : Delhi High Court, public interest litigation, National Food Security Act, 2013, Aadhaar card
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ITAT, New Delhi: Interest on Enhanced Compensation Does Not Come u/s 56 IT Act(08.04.2022)
Income Tax Appellate Tribunal( ITAT ), New Delhi has observed that received interest on enhanced compensation does not comes under income from other s.....
Tags : Income Tax Appellate Tribunal, received interest, enhanced compensation, Tax Deduction at Source, section 194A of the income tax act, 1961
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Date of filing of refund application needs to be taken for grant of interest(05.04.2022)
The issue involved is whether the Appellant is entitled for interest in respect of the refund claim already granted. The brief facts of the case are t.....
Tags : Refund, Interest, Grant
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Karnataka HC Upholds Constitutional Legality of Proviso (v) to S.14(1) SARFAESI Act(14.04.2022)
Karnataka High Court has upheld the Constitutional legality of proviso (v) Section 14(1) of the Securitization and Reconstruction of Financial Assets .....
Tags : Karnataka High Court, Constitutional legality, Securitization and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002
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Rajasthan HC Dismisses PIL Seeking Direction to Conduct Census to Centre in Specific Time Frame(20.04.2022)
Rajasthan High Court has dismissed a public interest litigation seeking a direction to Union government to conduct the Census in scheduled timeline, s.....
Tags : Rajasthan High Court, a public interest litigation, Union government, Section 3 of the Census Act, 1948, ultra vires
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Delhi HC Issues Notice on PIL Seeking to Fill up Staff Vacancies in City Prisons(20.04.2022)
Delhi High Court has issued notice on a Public Interest Litigation seeking filling up of various staff vacancies in city prisons with those of Medical.....
Tags : Delhi High Court, Public Interest Litigation, Medical Officers, Welfare Officers, Counsellors, Teachers for Education, Yoga Teachers, Education Vocational Counsellors
read»
Delhi HC Issues Notice on Plea to Centre Challenging Vires of Waqf Act(20.04.2022)
Delhi High Court has issued notice on a public interest litigation filed seeking uniform law for Trust and Trustees, Charities and Charitable Institut.....
Tags : Delhi High Court, public interest litigation, Waqf Act, 1995, Charities and Charitable Institutions and Religious Endowments
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Arbitral tribunal has power to award future interests on the awarded amounts, which as expressly provided under Section 31(7)(a), may include interests on the amounts awarded(19.04.2022)
The Petitioner has issued a Notice Inviting Tender for three construction projects. The Respondent being the successful bidder entered into an agreeme.....
Tags : Interest on award, Arbitral Tribunal
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Allahabad HC Dismisses PIL Seeking Direction to CM Adityanath to Disclose Actual Name(26.04.2022)
Allahabad High Court has dismissed a Public Interest Litigation plea filed seeking direction to Uttar Pradesh Chief Minister Yogi Adityanath to reveal.....
Tags : Allahabad High Court, Public Interest Litigation, Uttar Pradesh Chief Minister, Yogi Adityanath, 1 Lakh
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Karnataka HC Dismisses PIL Seeking Direction to Not Conduct 2023 State Assembly Elections(27.04.2022)
Karnataka High Court has dismissed a Public Interest Litigation seeking instructions to the State and Chief Election Commissioner to not conduct the 2.....
Tags : Karnataka High Court, public interest litigation, Election Commissioner, Assembly election, people's representatives
read»
Delhi HC Seeks Response for Providing Holistic Treatment Under Allopathy, Ayurveda, Homeopathy(27.04.2022)
Delhi High Court has issued a notice on a Public Interest Litigation filed by Advocate Ashwini Upadhyay, seeking adoption of a Holistic Integrated Med.....
Tags : Delhi High Court, Public Interest Litigation, Holistic Integrated Medicinal, Ashwini Upadhyay
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NCLAT: Interest Free Security Deposit is an Operational Debt(28.04.2022)
National Company Law Appellate Tribunal has observed that an interest free security deposit towards advance license fee will qualifies as an operation.....
Tags : National Company Law Appellate Tribunal, interest free, security deposit, Insolvency & Bankruptcy Code, 2016
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SC: Healthcare Services Covered Under Consumer Protection law(02.05.2022)
Supreme Court has said that doctors and healthcare services are not barred from the ambit of the Consumer Protection Act of 2019 and termed the concer.....
Tags : Supreme Court , healthcare services , Consumer Protection Act of 2019 , Public Interest Litigation
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Rajasthan HC Imposes 25K Cost on PIL Challenging Dr. Anula Morya's Appointment as VC(03.05.2022)
Rajasthan High Court has dismissed a Public interest litigation challenging the appointment of Dr. Anulya Morya as Vice Chancellor of Jagadguru Ramana.....
Tags : Rajasthan High Court, public interest litigation, Dr. Anulya Morya, Vice Chancellor, Jagadguru Ramanandacharya Rajasthan Sanskrit University
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Bombay HC: Assessee Deprived of Refund Due to Wrongful Withholding of Amount by Income Tax Dept(03.05.2022)
Bombay High Court has allowed 6% interest to the assessee on wrongful withholding of the amount by the income tax department.
Tags : Bombay High Court, 6% interest, assessee, income tax department
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Bombay HC Rejects Plea to Prohibit Newspapers From Publishing Pictures of Gods & Goddesses(03.05.2022)
Bombay High Court has dismissed an Advocate's Public Interest Litigation seeking information for a policy restricting publication of photographs of go.....
Tags : Bombay High Court, Public Interest Litigation, photographs, newspapers, garbage bin
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Allahabad HC Dismisses PIL Seeking Upgradation of Overall Working Conditions of CBI Prosecution Cadre(06.05.2022)
Allahabad High Court has dismissed a Public Interest Litigation plea seeking a direction to the Department of Personnel and Training and the Central B.....
Tags : Public Interest Litigation, Allahabad High Court, Central Bureau of Investigation, Department of Personnel and Training, working condition
read»
ITAT: Non-capitalisation Interest of Loans on P&M and CWP Cannot Be Capitalised and Disallowed(23.05.2022)
Income Tax Appellate Tribunal (ITAT), Amritsar Bench has held that non-capitalisation interest of loan on Plant & Machinery (P&M) and Capital Work in .....
Tags : ITAT, Interest of Loans, Capital Work in Progress
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A party who had been deprived of the use of his or her capital for a period of time has suffered a loss and did not need to establish special proof of his or her damages(19.05.2022)
The appeal was about two companies, namely Houtbosplaas (Pty) Ltd (Houtbosplaas) and TBS Alpha Beleggings (Pty) Ltd (TBS Alpha) suing their erstwhile .....
Tags : Payment, Funds, Interest
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Interest earned by the assessee on surplus held with cooperative banks would be eligible for deduction under Section 80P(2)(d) of the IT Act(20.05.2022)
The Revenue is in appeal in respect of the allowability of deduction under Section 80P(2)(d) of the Income Tax Act, 1961 (IT Act) in respect of intere.....
Tags : Interest, Deduction, Eligibility
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Statute provides for mandatory payment of interest and there is no discretionary power with the Revenue Authority in the matter of interest(25.05.2022)
The issue involved in present appeal is whether the Commissioner (Appeals) has rightly rejected the claim of interest, on the grant of belated refunds.....
Tags : Refund, Interest, Entitlement
read»
RBI announces rate of interest on Government of India Floating Rate Bond, 2031(06.06.2022)
The rate of interest on Government of India Floating Rate Bond, 2031 (FRB 2031) applicable for the half year June 7, 2022 to December 6, 2022 shall be.....
Tags : Interest rate, Announcement, Floating Rate Bond
read»
Delhi HC: If Tender Conditions are in Public Interest, Court Can't Interfere With Procedural Errors(15.07.2022)
Delhi High Court has held that if the decision relating to terms or award of contract is bona fide and in public interest, Courts shall not exercise i.....
Tags : Delhi High Court, Public Interest, Judicial Review
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Central Government makes amendment in the notification of the Government of India, Ministry of Finance (Department of Revenue), No. 50/2017-Customs, dated the 30th June, 2017(12.07.2022)
In exercise of the powers conferred by sub-section (1) of section 25 of the Customs Act, 1962 (52 of 1962) and sub-section (12) of section 3 of the Cu.....
Tags : Amendment, Notification, Public interest
read»
SC: Wish of Child is Different from Best Interest of Child(01.08.2022)
Supreme Court while allowing father’s plea seeking child custody has held that the question of 'what is the wish/desire' of the child is different and.....
Tags : Supreme Court, Child Custody, Wish, Best Interest
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Delhi HC: Appl. Against Order Rejecting Waiver of Interest Would Fall Under Direct Tax (VSV) Act(01.09.2022)
Delhi High Court has held that an application under the Companies Act against the order rejecting the application for waiver of interest would fall wi.....
Tags : Delhi High Court, Vivad Se Vishwas Act, Waiver of Interest
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Arbitrator has the inherent discretion to grant post-award interest(01.09.2022)
Present appeal arises from a judgment of the High Court by which the appeal under Section 37 of the Arbitration and Conciliation Act 1996 against a ju.....
Tags : Discretion, Award, Interest
read»
Securities and Exchange Board of India grants renewal of recognition to Metropolitan Stock Exchange of India Limited(14.09.2022)
The Securities and Exchange Board of India, having considered the application for renewal of recognition made under Section 3 of the Securities Contra.....
Tags : Renewal, Grant, Public interest
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RBI announces rate of interest on Government of India Floating Rate Bond 2033(21.09.2022)
The rate of interest on Government of India Floating Rate Bond 2033 (GOI FRB 2033) applicable for the half year September 22, 2022 to March 21, 2023 s.....
Tags : Rate, Interest, Floating Rate Bond 2033
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Any amount deposited during investigation has to be treated as pre-deposit and the same is neither hit by limitation nor by unjust enrichment(27.09.2022)
The issue involved in present appeal is whether the Court below have erred in reducing the amount of refund, which was in the nature of pre- deposit, .....
Tags : Pre-deposit, Refund, Interest
read»
Section 14A of IT Act will not apply, if no exempt income is received or receivable during the relevant previous year(06.10.2022)
Present Income Tax Appeal has been filed challenging the Impugned Order passed by the Income Tax Appellate Tribunal ('ITAT') for the Assessment Year 2.....
Tags : Assessment, Expenses, Interest
read»
Delhi HC Asks Centre, Police To Respond To PIL Seeking Better Treatment Of Cows(17.10.2022)
Delhi High Court has sought a reply from the Centre and Delhi Police in a public interest litigation (PIL) seeking remedial steps for treatment of lum.....
Tags : Delhi High Court, Delhi Police, public interest litigation
read»
Centre Tells SC: No direction Can be Issued to Parliament to Frame UCC(19.10.2022)
Law Ministry has told the Supreme Court that the court cannot direct Parliament to frame or enact any law, as it sought dismissal of Public Interest L.....
Tags : Law Ministry, Public Interest Litigation, Uniform Civil Code
read»
Karnataka HC Issues Notice To Lokayukta Police On Plea To Upload FIRs On Website(19.10.2022)
Karnataka High Court has issued notices on an Advocate's Public Interest Litigation (PIL) seeking direction to upload the First Information Reports (F.....
Tags : Karnataka High Court, Public Interest Litigation, FIR
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Section 220(2) of IT Act does not empower the revenue to demand interest relating back to a set aside order, when a fresh assessment order has been passed thereafter(17.11.2022)
The Assessee is engaged in the business of network design, management, communication, connectivity services and related products. The Assessee filed i.....
Tags : Interest, Deletion, Legality
read»
RBI announces rate of interest on Government of India Floating Rate Bond 2031(06.12.2022)
The rate of interest on Government of India Floating Rate Bond 2031 (FRB 2031) applicable for the half year December 7, 2022 to June 6, 2023 shall be .....
Tags : Interest rate, Announcement, Floating Rate Bond
read»
Natural as well as juristic persons may hold member’s interests as a trustee, but only in certain circumstances(07.12.2022)
Present appeal is related to the application and interpretation of Sections 29(1) and 29(1A) of the Close Corporation Act, 1984 in the event where a f.....
Tags : Trustees, Juristic persons, Interest
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In the absence of obligation to deduct tax at source, the assessee cannot be held to be an assessee in default(10.01.2023)
The Appellant is a company incorporated under the provisions of the Companies Act, 1956. It is engaged in the business of dealing in flats constructio.....
Tags : Assessment, Interest, Liability
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MP High Court Junks Plea Alleging Illegality In Sale Of Tickets in Ind vs. NZ ODI Match(23.01.2023)
Madhya Pradesh High Court while observing that a PIL on the basis of newspaper reporting is not maintainable, has dismissed a PIL alleging that illega.....
Tags : Madhya Pradesh High Court, Public Interest Litigation, Cricket Match, India, New Zealand
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ITAT: Interest Income Earned By Co-Operative Society Eligible For Deduction(23.01.2023)
Income Tax Appellate Tribunal, Mumbai has observed that the interest income earned by a co-operative society on its investments held with co-operative.....
Tags : Income Tax Appellate Tribunal, interest, deduction
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Unless there is a specific bar under the contract, it is always open for the Arbitrator/Arbitral Tribunal to award pendente lite interest(17.03.2023)
The Indian Railway Construction Company Limited ("IRCON") has preferred the present appeal feeling aggrieved and dissatisfied with the impugned judgme.....
Tags : Award, Interest, Grant
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RBI announces rate of interest on Government of India Floating Rate Bond 2033(21.03.2023)
The rate of interest on Government of India Floating Rate Bond 2033 (GOI FRB 2033) applicable for the half year March 22, 2023 to September 21, 2023 s.....
Tags : Rate, Interest, Applicability
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Customs (Waiver of Interest) Second Order, 2023(11.04.2023)
WHEREAS, the Central Board of Indirect Taxes and Customs, had by Order No. 1/2023 - Customs (N.T.) dated 06.04.2023 made the Customs (Waiver of Intere.....
Tags : Waiver, Interest, Second Order
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Mad HC: Inspection of Rehabilitation Centres Necessary to Safeguard Public Interest(21.04.2023)
Madras High Court while observing that rehabilitation/de-addiction centres can’t be run by any individuals without obtaining a proper permission and l.....
Tags : Madras High Court, Rehabilitation Centres, Public Interest
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Amendments under Interest Equalisation Scheme in respect of UIN(20.04.2023)
1.Attention of Trade and Industry is drawn towards Trade Notice no. 38/2021-22 dated 20.04.2023, wherein the eligible Interest Equalisation beneficiar.....
Tags : Amendments, Interest Equalisation, Scheme
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Interest should be charged from the date of notice under Section 148 of the IT Act itself and not from the date of return filed(19.04.2023)
The assessee is an individual and derives income mainly from interest and other sources. The return of income under Section 139 of Income Tax Act, 196.....
Tags : Assessment, Interest, Legality
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RBI announces rate of interest on Government of India Floating Rate Bond, 2024(04.05.2023)
The rate of interest on Government of India Floating Rate Bond 2024 (FRB 2024) applicable for the half year May 07, 2023 to November 06, 2023 shall be.....
Tags : Rate, Interest, Floating Rate Bond
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Central Government makes amendment in the notification of Ministry of Finance (Department of Revenue) No.11/2017-Union Territory Tax (Rate), dated the 28th June, 2017(09.05.2023)
In exercise of the powers conferred by sub-sections (1), (3) and (4) of section 7, sub-section (1) of section 8, clause (iv), clause (v) and clause (x.....
Tags : Notification, Amendment, Public interest
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J&K&L HC: Allotment Under Evacuees Property Act Doesn’t Confer Title or Interest(16.05.2023)
Jammu and Kashmir and Ladakh High Court while observing that allotment is mere license, which is revocable by concerned authorities, has held that all.....
Tags : Jammu and Kashmir and Ladakh High Court, Evacuees Property Act, Title, Interest
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Delhi HC: ‘Busybodies’ With Oblique Interest Can’t be Allowed to Waste Judiciary’s Time(24.05.2023)
Delhi High Court has held that while Court is cognizant of the liberal rules pertaining to public interest litigation, it must also ensure that busybo.....
Tags : Delhi High Court, Busybodies, Oblique Interest, PIL, Judicial Time
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Amendment under Interest Equalisation Scheme(25.05.2023)
1. Attention of Trade and Industry is drawn towards the extension of Interest Equalisation Scheme (IES) upto 31.03.2024, as notified by RBI vide its C.....
Tags : Amendment, Interest Equalisation, Scheme
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Madras HC Rejects PIL Seeking Increase in Sports Quota in Higher Educational Institutions(02.06.2023)
Madras High Court has dismissed a Public Interest Litigation (PIL) seeking increase in the number of seats under the Sports Quota in higher education .....
Tags : Madras High Court, Public Interest Litigation, Sports Quota
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Interest is compensatory in nature and is parasitic on the principal amount(02.06.2023)
The present appeal has been insinuated under Section 37 of the Arbitration and Conciliation Act, 1996 seeking setting aside of the judgment whereby ob.....
Tags : Award, Interest, Legality
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Assessee need not to demonstrate commercial expediency in each year concerning a loan transaction(10.07.2023)
In facts of present case, the Assessing Officer (AO) concluded that, the disallowance was mandated in view of the fact that the Respondent/Assessee ha.....
Tags : Assessment, Interest expenses, Disallowance
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Liability to pay advance tax arises only on the accrual of income in the hands of the assessee and not prior(11.07.2023)
The relevant facts in this case are that the assessment proceedings in assessee’s case for A.Y. 2014-15 were completed on. Thereafter, the AO had issu.....
Tags : Interest, Payment, Liability
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Complainant is entitled to delay period interest under Section 18 of the Real Estate (Regulation and Development) Act, 2016(17.07.2023)
Present complaint is filed under Section 18 of the Real Estate (Regulation and Development) Act, 2016 before this Authority against the project SHRIRA.....
Tags : Interest, Delay, Entitlement
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A security interest in collateral is perfected, if the security interest is attached to the collateral(21.07.2023)
On 28 November 2022, Sky and Space Company Ltd (SAS) granted Celtic Capital Pty Ltd (Celtic) a security interest in its personal property. A registrat.....
Tags : Registration, Security interest, Time
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If the Judgment debtor has intimated the decree holder and award amount is available for withdrawal unconditionally, the liability of judgment debtor would cease on the date of deposit(04.09.2023)
By way of present Execution Petitions filed under Section 36 of the Arbitration and Conciliation Act, 1996 ('the A&C Act') read with Order XXI Rule 1 .....
Tags : Award, Execution, Interest
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SC: Every Interested Party is a Plaintiff in Partition Suit(14.09.2023)
Supreme Court has held that in a suit for partition, every interested party is deemed to be a plaintiff. Law does not bar passing of numerous prelimin.....
Tags : Supreme Court, Partition Suit, Interested Party, Plaintiff
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Guj. HC: Elected Members Must Not Disrepute the Institution to Which they are Elected(25.09.2023)
Gujarat High Court has held that it is expected from the elected members that they must ensure that no conflict arises between the public duties and t.....
Tags : Gujarat High Court, Elected Members, Public Duties, Electoral Interest
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Cal. HC: There Must be a Balance Between Religious Freedom U/A 30 and Overwhelming Public Interest(26.09.2023)
Calcutta High Court in a case wherein petitioner argued that high-tension overhead line has rendered it impossible to run an educational institute for.....
Tags : Calcutta High Court, Religious Freedom, Public Interest
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If a business has been set up, even it has not commenced its activities, then expenditure relatable to said business, including interest expenses should be allowed as deduction(27.09.2023)
The assessee firm has filed its return of income for the assessment year 2015-16 on 30.09.2015 declaring total income of Rs.1,31,50,650. During the co.....
Tags : Disallowance, Interest, Legality
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RBI announces rate of interest on Government of India Floating Rate Bond 2028(03.10.2023)
The rate of interest on Government of India Floating Rate Bond 2028 (GOI FRB 2028) applicable for the half year October 04, 2023 to April 03, 2024 sha.....
Tags : Interest, Rate, Announcement
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RBI announces rate of interest on Government of India Floating Rate Bond, 2031(06.12.2023)
The rate of interest on Government of India Floating Rate Bond 2031 (FRB 2031) applicable for the half year December 07, 2023 to June 06, 2024 shall b.....
Tags : Interest, Rate, Bond 2031
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Rate of Interest on Floating Rate Savings Bond, 2020 (Taxable) - FRSB 2020 (T) for the Period January 01, 2024 - June 30, 2024(01.01.2024)
1. In terms of Para 13 (ii) of Government of India Notification F.No.4(10)- B(W&M)/2020 dated June 26, 2020 on Floating Rate Savings Bonds, 2020 (Taxa.....
Tags : Rate, Interest, Savings Bond
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Mere reflection of demand on e-filing portal does not absolve Revenue from properly serving the intimation and demand notice(04.01.2024)
In present case, the assessee is a resident corporate entity. The core issue arising for consideration is relating to chargeability of interest under .....
Tags : Assessment, Interest, Legality
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Supreme Court: Public Interest Litigations Raising Personal Grievances Can’t be Entertained(29.01.2024)
Supreme Court while dismissing a Public Interest Litigation which sought directions to implement the recommendations of the NITI AYOG on streamlining .....
Tags : Supreme Court, Public Interest Litigation, NITI AYOG
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When duty drawback is not paid within a period of three months from the date of filing of claim, the claimant would be entitled to interest in addition to the amount of drawback(05.02.2024)
In present matter, Respondent is a class-I contractor specializing in the field of civil contract works especially funnelling and hydro electric power.....
Tags : Interest, Payment, Direction
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Supreme Court: Payment of Loan Amount to NBFC Along With Decided Rate of Interest Non-Refundable(05.03.2024)
Supreme Court has held that if a person has executed an agreement and repaid the loan amount obtained with the interest as per the terms of the agreem.....
Tags : Supreme Court, Payment of Loan, NBFC, Rate of Interest
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SC: Can’t Claim Refund of Interest Amount if Loan Amount Paid With Decided Rate of Interest(05.03.2024)
Supreme Court has held that if a person has executed an agreement and repaid the loan amount obtained with the interest as per the terms of the agreem.....
Tags : Supreme Court, Payment of Loan, NBFC, Rate of Interest
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J&K HC: Valuation of Leasehold Interest in Land Can be Done Since it is an Asset to the Company(06.03.2024)
Jammu and Kashmir and Ladakh High Court has held that valuation of leasehold interest in land can be done as it is an asset of the company.
Tags : Jammu and Kashmir High Court, Leasehold Interest, Valuation
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Kar. HC: Board Exams Proposed to be Conducted for Classes 5 to 9 and 11 are in Student’s Interest(15.03.2024)
Karnataka High Court has observed that no student or parent has come before the court because conducting the exam is in their interest and if the exam.....
Tags : Karnataka High Court, Board Exams, Student’s Interest
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SC: Courts Should Strike Balance Between Testimony of ‘Injured Witness’ and ‘Interested Witness’(20.03.2024)
Supreme Court has held that it is a well-established principle of law that the evidence of an injured witness is considered to be on a higher pedestal.....
Tags : Supreme Court, Injured Witness, Interested Witness, Testimony
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Calcutta High Court: Person Seeking to Contest Elections is Deemed Public Interest(28.03.2024)
Calcutta High Court while allowing the resignation of a doctor to contest elections has held that there is a deemed public interest in a person seekin.....
Tags : Calcutta High Court, Public Interest, Election
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Del. HC: PIL Seeking Constitution of High Powered Committee Affairs of Cooperative Banks, Rejected(02.04.2024)
Delhi High Court has rejected a Public Interest Litigation (PIL) that sought the constitution of the High Powered Committee to look into affairs of co.....
Tags : Delhi High Court, Public Interest Litigation, High Powered Committee
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Public Interest Litigation to Ban Cross-Gender Massages in Spas Dismissed by Delhi High Court(04.04.2024)
Delhi High Court dismissed a Public Interest Litigation (PIL) which sought the banning of cross-gender massages in spas on the ground that a single ju.....
Tags : Delhi High Court, Public Interest Litigation, Cross Gender Massages
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Bom. HC Dismisses PIL Challenging Additional Fees Imposed for Delay in Applying for Vehicle Services(04.04.2024)
Bombay High Court has dismissed a Public Interest Litigation (PIL) that challenged the imposition of additional fees for several vehicle services like.....
Tags : Bombay High Court, Public Interest Litigation, Additional Fees
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Public Interest Litigation to Remove Chief Minister Arvind Kejriwal Refused by Delhi High Court(05.04.2024)
Delhi High Court has refused to entertain a public interest litigation that sought the removal of Chief Minister Arvind Kejriwal on the ground that th.....
Tags : Delhi High Court, Public Interest Litigation, Chief Minister
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All. HC: Filing PIL on Issues Already Decided Amounts to Manipulation & Misleading of Court(08.04.2024)
Allahabad High Court while imposing a fine of Rupees Fifty Thousand on Bhartiya Kisan Union Pathik for filing Public Interest Litigation (PIL) on issu.....
Tags : Allahabad High Court, Public Interest Litigation, Bhartiya Kisan Union Pathik, Manipulation
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Ker. HC: Academic Interests of Children Must be Delicately Balanced With Right to Recreation(09.04.2024)
Kerala High Court while allowing CBSE and ICSE Boards to conduct vacation classes, has held that it is to be considered by the State as to how a balan.....
Tags : Kerala High Court, Academic Interests, CBSE, ICSE, Vacation Classes
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Income received by way of interest on compensation or on enhanced compensation shall be chargeable to tax(08.04.2024)
The present appeal involves an examination of the taxability of the interest component, earned on compensation or enhanced compensation, ordered under.....
Tags : Tax, Levy, Interest
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Del. HC: SOPs to be Followed by Colleges During Events, Framed by Delhi Police(24.04.2024)
Delhi High Court has closed a suo motu Public Interest Litigation filed on issues of security breaches at events organized by colleges, after Delhi Po.....
Tags : Delhi High Court, Public Interest Litigation, Standard Operating Procedure
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Suo Motu PIL Initiated by Telangana HC on Sr. Advocate’s Letter Alleging Handcuffing of Accused(24.04.2024)
Tel. HC has initiated a suo motu Public Interest Litigation (PIL) based on a letter received by a senior advocate who alleged handcuffing of three acc.....
Tags : Telangana High Court, Public Interest Litigation, Senior Advocate
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Bom. HC: Tender Conditions Challenged by Contractors Through PIL Pollute Purity of Stream of PIL(25.04.2024)
Bombay High Court has held that permitting a contractor to file a public interest litigation (PIL) petition challenging the conditions of a tender, is.....
Tags : Bombay High Court, Tender Conditions, Public Interest Litigation
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When the assessee has not taken the benefit of the CENVAT credit, there is no liability to pay interest(23.04.2024)
The Appellants are manufacturers of cotton yarn which they are clearing on payment of duty under Notification No. 29/2004-CE and also availing full ex.....
Tags : Interest, Penalty, Legality
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PIL Seeking ‘Authoritative Interpretation’ of Section 66 PMLA Refused by Delhi High Court(29.04.2024)
Delhi High Court has refused to entertain a Public Interest Litigation (PIL) that sought an authoritative interpretation of Section 66 of the Preventi.....
Tags : Delhi High Court, Public Interest Litigation, Authoritative Interpretation
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Ker. HC: Payment of Interest Can’t be Reviewed or Added While Enforcing Foreign Award(01.05.2024)
Ker. HC has held that the executing court cannot review a foreign award or add anything to it. Moreover, the executing court cannot go behind the decr.....
Tags : Kerala High Court, Executing Court, Foreign Award, Payment of Interest
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Rate of interest on Government of India Floating Rate Bond, 2024(06.05.2024)
The rate of interest on Government of India Floating Rate Bond 2024 (FRB 2024) applicable for the half year May 07, 2024 to November 06, 2024 shall be.....
Tags : Interest, Floating Rate Bond
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All HC: SI Fixed at 6% p.a On Excess/Less Determination of Provi. Tariff Ultra Vires Electricity Act(20.05.2024)
All HC has struck down Regulation 5A of Central Electricity Regulatory Commission (Terms and Conditions of Tariff) (First Amendment), Regulations, 200.....
Tags : Allahabad High Court, Simple Interest, Provisional Tariff
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Interest shall be computed from the date when the refund was due to be paid to the person till the date of payment of refund(27.05.2024)
The Petitioner has preferred present petition for issuance a writ of certiorari thereby quashing impugned order, where in interest has been provided f.....
Tags : Interest, Computation, Legality
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Kar. HC: Cannot Make Construction of Memorial for Film Actor Subject Matter of PIL(05.06.2024)
Karnataka High Court has observed that construction of memorial of a film star cannot become subject matter of public interest litigation (PIL). It is.....
Tags : Karnataka High Court, Public Interest Litigation, Film Actor
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Interest income earned by cooperative society on deposits made out of surplus funds with cooperative banks as well as schedule bank qualifies for deduction(03.06.2024)
In facts of the case, the Appellant is a Cooperative Society registered under the Maharashtra Co-operative Societies Act, 1960. It is engaged in the b.....
Tags : Assessment, Interest, Deduction
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Karnataka HC: PIL Seeking Declaration that Temples are Not Public Authorities, Dismissed(13.06.2024)
Karnataka High Court has dismissed a Public Interest Litigation (PIL) seeking a declaration that temples in Karnataka are not public authorities withi.....
Tags : Karnataka High Court, Public Interest Litigation, Right to Information
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Kar HC: PIL Seeking Direction for Government Correspondence to be Done in Kannada Language, Rejected(28.06.2024)
Karnataka High Court has refused to entertain a Public Interest Litigation (PIL) that sought direction on the State Government to use Kannada language.....
Tags : Karnataka High Court, Public Interest Litigation, Kannada Language
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All. HC: Extension of Benefits of Schemes for SC, STs/OBCs to BPL Card Holders is a Matter of Policy(08.07.2024)
All. HC while disposing a PIL seeking extension of benefits of Schemes meant for SC, ST, OBC and Minorities to BPL, has observed that issues raised fa.....
Tags : Allahabad High Court, Public Interest Litigation, Policy Matters
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PIL on Stray Dog Issue Refused by Supreme Court(17.07.2024)
Supreme Court has refused to entertain a Public Interest Litigation (PIL) filed regarding prevention of accidents arising due to stray dogs issue and .....
Tags : Supreme Court, Public Interest Litigation, Constitutional Courts
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SC: Not Uncommon for Diff. Statutes Concerning Similar Area of Law to Have Convergence of Interest(18.07.2024)
Supreme Court has held that it is not uncommon for different statutes, concerning similar area of law, to have convergence of interests to some degree.....
Tags : Supreme Court, Convergence of Interests, Different Statutes
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Mad. HC: Proposed Changes in Criminal Laws Could have been Brought Through Amendments(19.07.2024)
Madras High Court while listening to Public Interest Litigations (PILs) challenging the constitutionality of the three new criminal laws, has observed.....
Tags : Madras High Court, Public Interest Litigations, Criminal Laws
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Del. HC: PIL Seeking Removal of Videos of Women and Minor on YouTube, Refused(22.07.2024)
Delhi High Court has refused to entertain a Public Interest Litigation (PIL) seeking removal of videos of women and minor girls that were uploaded on .....
Tags : Delhi High Court, Public Interest Litigation, YouTube
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Del. HC: PIL Seeking Removal of Videos of Women and Minor on YouTube, Refused(22.07.2024)
Delhi High Court has refused to entertain a Public Interest Litigation (PIL) seeking removal of videos of women and minor girls that were uploaded on .....
Tags : Delhi High Court, Public Interest Litigation, YouTube
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All. HC: UOI’s Reply Sought in PIL Challenging Declaration of June 25 as 'Samvidhaan Hatya Diwas'(23.07.2024)
Allahabad High Court has directed the Union of India to file a reply in a Public Interest Litigation (PIL) that has challenged government’s decision t.....
Tags : Allahabad High Court, Public Interest Litigation, Samvidhaan Hatya Diwas
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Delhi HC: PIL for Dual Citizenship for Indian Diaspora, Refused(01.08.2024)
Delhi High Court has refused a Public Interest Litigation (PIL) that sought grant of dual citizenship for Indian diaspora. The Court observed that the.....
Tags : Delhi High Court, Public Interest Litigation, Dual Citizenship
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SC Refuses PIL to Direct Union and States to Take Action Against Superstition and Sorcery Practices(03.08.2024)
SC has refused to entertain a Public Interest Litigation seeking direction upon the Union and States to take action against practices of sorcery and s.....
Tags : Supreme Court, Public Interest Litigation, Superstition and Sorcery
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SC: Arbitral Tribunal or Courts Not Permitted to Grant Interest Upon Interest(08.08.2024)
Supreme Court has held that ordinarily courts are not supposed to grant interest on interest except where it has been specifically provided under the .....
Tags : Supreme Court, Arbitral Tribunal, Interest
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Courts are not supposed to grant interest on interest except where it has been specifically provided under the statute(07.08.2024)
The sole issue before present Court is whether interest is payable on interest or whether 15% interest per annum awarded would be on the principal sum.....
Tags : Interest, Award, Power
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Delhi High Court: SEBI and RBI Directed Conclude Probe into Axis-Max Life Deal Scam Expeditiously(13.08.2024)
In a Public Interest Litigation filed by BJP leader Subramanian Swamy alleging a scam of approximately ?5,100 crore in Axis Bank-Max Life deal, Delhi .....
Tags : Delhi High Court , Public Interest Litigation, Axis-Max Life
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SC Explains the Requirements to be Fulfilled for Initiating Perjury Proceedings against Litigant(14.08.2024)
SC has held that, to initiate perjury proceedings against a litigant court should be of prima facie opinion that there exists sufficient & reasonable .....
Tags : Supreme Court, Perjury Proceedings, Interests of Justice
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Del. HC: Plea on Rahul Gandhi’s Citizenship to be Treated as Public Interest Litigation(20.08.2024)
Delhi High Court has stated that former Union Minister Subramanian Swamy’s plea to revoke Indian citizenship of Congress leader Rahul Gandhi shall be .....
Tags : Delhi High Court, Public Interest Litigation, Citizenship
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Gujarat High Court Dismisses PIL Seeking Usage of Gujarati Language in Courts(22.08.2024)
Gujarat High Court has dismissed a Public Interest Litigation (PIL) that sought the usage of Gujarati language in courts across the State. The Court s.....
Tags : Gujarat High Court, Public Interest Litigation, Fundamental Right
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PIL in Supreme Court to Investigate Use of Adulterated Ghee in Laddus Served at Tirupati Temple(23.09.2024)
A Public Interest Litigation (PIL) has been filed in the Supreme Court to seek investigation in the alleged use of adulterated ghee containing animal .....
Tags : Public Interest Litigation, Supreme Court, Tirupati Balaji
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SC: By Operation of S. 31(7)(b), Sum Directed to be Paid Under Arbitral Award Shall Carry Interest(14.10.2024)
Supreme Court has held that by operation of Section 31(7)(b) of the Arbitration and Conciliation Act, 1996, the first principle is that the sum direct.....
Tags : Supreme Court, Interest, Arbitral Award
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SC: By Operation of S. 31(7)(b), Sum Directed to be Paid Under Arbitral Award Shall Carry Interest(14.10.2024)
Supreme Court has held that by operation of Section 31(7)(b) of the Arbitration and Conciliation Act, 1996, the first principle is that the sum direct.....
Tags : Supreme Court, Interest, Arbitral Award
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SC: Union to Frame Action Plan for Implementation of Feeding and Child Care Rooms in Public Areas(20.11.2024)
Supreme Court while hearing a public interest litigation, has asked the Central Government to frame an action plan regarding facilities of child care .....
Tags : Supreme Court, Public Interest Litigation, Child Care Rooms
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SC: Absolute Ownership in Property as Per HSA Can’t be Claimed by Woman with Limited Interest(22.11.2024)
Supreme Court has held that if a Hindu woman is given only a limited interest in the property then absolute ownership cannot be claimed by her due to .....
Tags : Supreme Court, Absolute Ownership, Limited Interest
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