NSEL Scam: Mumbai Court Slams IO For 'Pick & Choose', Says Selective Investigation Betrays Faith In Economic Offences Wing

A special court in Mumbai has issued process against directors and promoters of India Infoline Commodities Ltd (IICL), Anand Rathi Commodities Ltd (ARCL), and Geojit Comtrade Ltd (GCL) in the 2013 National Spot Exchange Ltd (NSEL) scam.Special Judge A.S. Sayyad under the Maharashtra Protection of Interest of Depositors (in Financial Establishments) Act, 1999 (MPID Act) questioned the police...

BREAKING | Supreme Court Refuses To Stop Demolition Of Illegal Constructions In Delhi's Vishwas Nagar, But Gives 7 Days Time To Vacate

The Supreme Court today refused to interfere with a Delhi High Court order for demolition of illegal constructions in Vishwas Nagar area. However, it has asked the Delhi Development Authority (DDA) to stop the demolitions for 7 days so that the dwellers can voluntarily leave the place."If they don't vacate by 29th May, it would be open to DDA to resume their demolition activities. We order...

BREAKING | Supreme Court To Hear TMC MP Abhishek Banerjee's Appeal Against CBI Notice In School Jobs Scam Case On May 26

The Supreme Court has agreed to list on May 26 an appeal filed by TMC leader and MP Abhishek Banerjee against Calcutta High Court's order dismissing his plea to recall the order passed by Justice Abhijit Gangopadhyay on April 13 giving liberty to the CBI and ED to interrogate him in the West Bengal School Job Scam case. A vacation bench comprising Justice Aniruddha Bose and Justice Sanjay...

“Confession” And “Statement” Under Section 164 CrPC- Questions & Answers By Justice V. Ramkumar [Part-IX]

Q.41 Is the examination of the Magistrate who recorded the statement under Section 164 (5) necessary ? Ans. Not always. If there are contradictions or omissions elicited from the person when examined as a witness, then examination of the Magistrate also may be necessary for proving the contradiction and corroboration. The view taken in State of Kerala v. Thomas 2005 KHC 1823...

Poly Centric Nature Of Supreme Court One of Its Biggest Strengths: CJI Chandrachud

Speaking at the farewell function organised by the Supreme Court Bar Association in honour of retiring judges of the Supreme Court Justice K M Joseph, Justice Ajay Rastogi & Justice V Ramasubramanian, Chief Justice DY Chandrachud said that the poly centric nature of the Supreme Court was one of its biggest strengths. “This is a sign of strength because it reflects our diversity. Today...

Senior Lawyer Shashi Kiran Shetty Is Karnataka's New Advocate General

Senior Advocate K Shashi Kiran Shetty has been appointed as the new Advocate General of Karnataka.An alumnus of National Law school of India University, he is the son of former Lokayukta Justice Vishwanath Shetty, having over 23 years of experience in handling matters before various courts across the country. The key areas of his practice are Constitutional Law, Administrative Law,...

Mere Payment By Account Payee Cheque Is Not Sacrosanct : ITAT Disallows Exemption On Penny Stock

The Delhi Bench of the Income Tax Appellate Tribunal (ITAT) has held that mere payment by account payee check is not sacrosanct, nor can it make a non-genuine transaction genuine.The bench of Astha Chandra (Judicial Member) and B.R.R. Kumar (Accountant Member) has observed that the assessee cannot escape from the burden cast upon him, and unfortunately, the burden is heavy as the facts...

Value Of Sale Of Books Cannot Be Included In The Value Of Coaching Services, No Service Tax Payable: CESTAT

The Kolkata Bench of Customs, Excise and Service Tax Appellate Tribunal (CESTAT) has held that the value of the sale of books cannot be included in the value of coaching services and service tax is not payable.The bench of P.K. Choudhary (Judicial Member) and K. Anpazhakan (Technical Member) has observed that since the value of the sale of books is separately identifiable from the...

Delhi Govt v. LG | Centre's Reasons For Review Of Supreme Court's Judgment

The Central Government, in its petition seeking review of the Supreme Court's judgment holding that the Government of National Capital Territory of Delhi (GNCTD) has legislative and executive power over administrative services in the National Capital, excluding matters relating to public order, police and land, has stated that the Constitution Bench judgement suffers from various errors...

ITAT Deletes Additions On Long Term Capital Gains On The Purported, Notional, Fictitious Sale Of Jewellery

The Delhi Bench of the Income Tax Appellate Tribunal (ITAT) has deleted the income tax addition on account of long-term capital gains on the purported, notional, and fictitious sale of jewellery.The Bench of Yogesh Kumar US (Judicial Member) and B. R. R. Kumar (Accountant Member) has observed that there is no provision in the Income Tax Act to deem the difference between the value of...

Lawyer Writes To BCI Against Foreign Lawyers’ And Law Firms' Entry Rules, Says It Will Threaten Sovereignty

A Delhi-based lawyer has written a representation to the Bar Council of India and Union Ministry of Law and Justice against the recently notified Rules for Registration and Regulation of Foreign Lawyers and Foreign Law Firms in India, 2022.Advocate Pawan Prakash Pathak has submitted that the power to recognize foreign degree qualification is not within the purview of the BCI alone and that...

BREAKING | Central Government Seeks Review Of Supreme Court Judgement Which Held That Delhi Govt Has Control Over "Services"

The Central Government has moved the Supreme Court today against its judgement holding that the National Capital Territory of Delhi has legislative and executive power over administrative services in the National Capital, excluding matters relating to public order, police and land. The Constitution Bench judgement had also held that the Lieutenant Governor shall be bound by the decision of...