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BENCHING DEFINITION
Rs 34 lakh F&O trading loss: Income Tax dept calls it speculative, ITAT Delhi treats Rs 25 lakh as business lossTaxpayer lost Rs 34 lakh in F&O trading but reports it as business loss; Income Tax dept treats it as speculative loss; ITAT Delhi treats R...
SC denies Aravalli panel 6-month extension, orders report by Nov 30The Supreme Court rejected an extension for the Aravalli expert committee. The committee sought time until February 2027 for its comprehens...
Centre in dilemma over Supreme Court’s OBC creamy layer ruling in civil services recruitmentThe government seeks Supreme Court clarification on creamy layer criteria for OBC candidates. This move follows conflicting statements made...
Aravalli Hills definition: SC refuses 6-month extension, sets Nov 30 deadline for panel reportThe Supreme Court has refused to grant a six-month extension to the Aravalli High-Powered Committee and directed it to submit its report on...
Quote of the Day by Lithuanian-American filmmaker Jonas Mekas: ‘A place means nothing to me, I can be at…’ - Why true belonging starts from within; Powerful words on finding home, inner peace, and personal freedomTrue belonging resides within an individual, transcending any mere location. In our fast-paced modern world, frequent moves often lead to f...
Subhash Chandra's dissenting lenders Canara Bank, Union Bank move NCLAT against NCLT orderDissenting lenders have challenged the NCLT order approving Subhash Chandra's personal insolvency plan. The Essel Group chairman's plan pro...
Dissenting creditors alleged family-linked entities cast 61.78 pc votes that cleared Subhash Chandra's insolvency planDissenting lenders have alleged that five entities linked to Subhash Chandra’s family controlled 61.78% of voting rights and helped approve...
ITAT rejects tax department’s FTS, royalty claims on Spencer Stuart’s executive search feesThe income-tax tribunal ruled in favor of Spencer Stuart International BV. Executive search fees were not treated as technical services und...
Rs 22,006 crore claims, Rs 6.5 crore payout: NCLT clears Subhash Chandra planThe insolvency tribunal NCLT approved Subhash Chandra's repayment plan. Lenders will receive only Rs 6.5 crore against Rs 22,006.57 crore c...
Father paid Rs 2.9 lakh for son’s engineering admission, but he was stopped from taking the exam over unpaid fees; court orders college to pay Rs 2.27 lakhA consumer commission has directed Acharya Institute of Technology to pay Rs 2,27,965 to a father, whose son was unable to sit for his exam...
'Risks weakening worker safeguards': Congress on Supreme Court's recent industry definition judgementThe Supreme Court has redefined the term 'industry' for new labor cases. This ruling will not affect past or pending cases under the old la...
UP Gangsters Act is stillborn: Supreme Court“After defining gang, which includes commission of the offences listed under sub-clauses (i) to (xxv) and defining gangster as a member or ...
Police cannot investigate offences under PCPNDT Act: Supreme CourtThe Supreme Court has ruled police cannot investigate PCPNDT Act offences. Designated authorities must take action in these specific techni...
SC modifies 1978 ‘triple test’ for deciding what qualifies as an ‘industry’A nine-judge Supreme Court bench on Thursday, in a 5-4 majority verdict, modified parts of the “triple test” laid down nearly five decades ...
UGC equity regulations 2026 under reconsideration: Centre to SCThe Supreme Court is hearing pleas challenging UGC equity regulations. The Centre informed the court that the 2026 regulations are under re...
SC agrees to hear review pleas against 2022 verdict upholding ED powers under PMLAThe Supreme Court will hear review petitions challenging its 2022 judgment. These petitions question the Enforcement Directorate's powers u...
Supreme Court says 1978 ‘industry’ definition won’t guide interpretation of 2020 labour codeThe Supreme Court has limited the 1978 "industry" definition for the new labor code. A nine-judge bench held the 1978 ruling will not gover...