Assessee Entitled To Additional Depreciation On The Power Plant And Installed Windmill: Delhi ITAT

The Delhi Bench of the Income Tax Appellate Tribunal (ITAT) consisting of Yogesh Kumar U.S. (Judicial Member) and B.R.R. Kumar (Accountant Member) has ruled that assessees are entitled to additional depreciation on the power plant and the installed windmill. The assessee/appellant is engaged in the fields of manufacturing and selling of sponge iron, billets, wire rod, TMT,...

Allahabad HC Grants Interim Relief To Student Accused Of Assaulting LU Professor Over His Alleged Remarks On Kashi Vishwanath Temple

The Allahabad High Court on Monday granted interim to a Lucknow University student Kartik Pandey who has been accused of assaulting Professor Ravi Kant after he allegedly made controversial statements against the Kashi Vishwanath temple.Pandey has also been accused of hurling abuses and casteist slurs at Professor Ravi Kant Chandan. Thereafter, he was booked under Sections 323, 352, 504,...

Delhi High Court Permits Actress Jacqueline Fernandez To Travel Abroad For IIFA Event

The Delhi High Court yesterday upheld a Trial Court order which had granted permission to Bollywood actress Jacqueline Fernandez to travel abroad to Abu Dhabi, UAE for IIFA Awards events. The development comes in backdrop of a money laundering case being probed by Enforcement Directorate involving alleged conman Sukesh Chandrasekhar.Justice Sudhir Kumar Jain however modified a condition in...

'Can't Assume Jurisdiction Of CJI' : Supreme Court Vacation Bench Says It Has No Master Of Roster Powers To Allot Cases

"We can't assume jurisdiction of Chief Justice and take up the matter to ourselves", Justice Gavai said.

Enforcement Of A Foreign Arbitral Award Can Be Filed In More Than One High Court: Madras High Court

The High Court of Madras has held that more than one High Court can exercise jurisdiction for the recognition and enforcement of a part of arbitral award if the claims are decided for and against the parties thereto. The Single Bench of Justice Senthilkumar Ramamoorthy held that the Court for the purpose of the enforcement of a foreign award would be the one within...

Rules Of Limitation Not Meant To Destroy Parties' Rights; It Ensures That Parties Don't Sleep Over Their Rights: Allahabad High Court

"The Rules of limitation are not meant to destroy the rights of parties. They virtually take away the remedy. They are meant with the objective that parties should not resort to dilatory tactics and sleep over their rights. They must seek remedy promptly," the Allahabad High Court stressed recently.The Bench of Justice Shamim Ahmed observed thus as it dismissed a revision plea filed by one...

Res Judicata: Son Bound By Judicial Proceedings Initiated By Father With Respect To Immovable Property, Rules Karnataka High Court

The Karnataka High Court has said that proceedings initiated by a father in respect of a claim of title over a property which is decided by the court will bind the son also. He cannot be permitted to agitate for the same cause, following the principle of res-judicata. A division bench of Justice Alok Aradhe and Justice J M Khazi made the observation while allowing an appeal filed by...

Yes Bank-DHFL Case: Mumbai Court Sends Builder Avinash Bhosale To CBI Custody Till June 8

A special court in Mumbai remanded ABIL group chairman and Pune-based builder Avinash Bhosale in the Central Bureau of Investigation's (CBI) custody till June 8 in the DHFL- Yes Bank case involving its co-founder - Rana Kapoor. According to CBI's remand application the agency found that Bhosale's companies received Rs 68.82 crores from DHFL in 2018 for consultancy services provided...

Gujarat High Court Grants Bail To 16-Yr-Old Accused Of Committing Unnatural Sex With 13-Yr-Old

The Gujarat High Court has granted bail to a 16 years old boy, accused of forcibly committing unnatural sex (sodomy) with a minor boy, aged about 13 years.Keeping in view Section 12 of the Juvenile Justice Act, a Bench of Justice Samir Dave granted bail to the accused while restraining him from entering the society where the alleged victim resides. In doing so, the Bench allowed the...

Raise Smoking Age To 21, Ban Sale Of Loose Cigarettes: PIL In Supreme Court

A PIL has been filed in the Supreme Court seeking a direction to the Central Government to raise the smoking age to 21 years. Also, the petition has sought a ban on the sale of loose cigarettes. The petition has been filed by Advocates Shubham Awasthi and Rishi Mishra seeking guidelines to control smoking in India with increasing cigarette smoking among adolescent and youth...

Kerala Bar Council To Protest Against Police Atrocities On Advocates Tomorrow

The Bar Council of Kerala has scheduled a protest tomorrow (June 1, 2022) against the atrocities committed by the police on advocates. The Council has requested all members of the Bar Associations across the State to wear protest badges to courts on the day and to pass resolutions condemning police atrocities.This comes after a series of recent incidents where advocates were subjected to...

Temporary Unavailability Of A Member To Sign The Order Not A Ground For Fresh Hearing, If Order Was Passed With Consent Of Such Member: NCLAT Delhi

The National Company Law Appellate Tribunal ("NCLAT"), Principal Bench, comprising of Justice Ashok Bhushan (Chairperson), Ms. Shreesha Merla (Technical Member) and Shri. Naresh Salecha (Technical Member), while adjudicating an appeal in Ashish Chandravandan Patel v Axis Bank Ltd. & Anr, has held that an order passed with the consent of both Members of an NCLT Bench but signed by...