Supreme court
Non-Compete Fee Can Be Deducted As Revenue Expenditure Under Section 37(1) Income Tax Act: Supreme Court
The Supreme Court has held that payment of non-compete fee does not result in acquisition of a capital asset or alteration of the profit-making structure of the business, and is allowable as revenue expenditure under Section 37(1) of the Income Tax Act, 1961.“Thus non-compete fee only seeks to protect or enhance the profitability of the business, thereby facilitating the carrying on of...
Mere Delay By Plaintiff In Depositing Balance Sale Consideration Won't Render Specific Performance Decree Inexecutable: Supreme Court
The Supreme Court held that some delay in depositing the balance sale consideration by the buyer, beyond the timeline prescribed in the decree, would not render the decree for specific performance inexecutable if the buyer remained ready and willing to perform his part of the agreement.A bench of Justices Sanjay Karol and Manoj Misra referred to the recent case of Ram Lal v. Jarnail Singh, 2025 LiveLaw (SC) 283, where it was held:“The non-payment of the balance sale consideration within the time...
Supreme Court Daily Round-Up : December 19, 2025
Links to today's reports :Supreme Court Refuses To Entertain Judicial Officer's Plea Against High Court Calling Her NegligentPermission To Cut Trees Must Follow Definition Of 'Forest' In Godavarman Decision Though Land Not Notified As Forest: Supreme CourtCUSAT Act | When Selected Candidate Resigns, Vacancy To Be Filled By Communal Rotation & Not From Rank List : Supreme CourtWill...
High Courts Must Be Fair In Their Administration : Supreme Court Flays Allahabad HC For Discrimination In Staff Regularisation
The Supreme Court on Friday (December 19) set aside the Allahabad High Court's order which, while regularizing services of a few of its employees, did not regularise services of similarly situated employees. The Court reminded the High Court of its duty to uphold constitutional morality within their own administration.“High Courts, being Constitutional Courts entrusted to uphold equality and fairness, are expected to encompass such principles within their own administrative functioning as well,...
S. 482 CrPC | High Court Cannot Quash Cheque Bounce Cases By Conducting Pre-Trial Enquiry Into Debt Or Liability : Supreme Court
The Supreme Court on Friday (December 19) held that it is impermissible for the High Courts to quash cheque dishonour proceedings by undertaking a pre-trial enquiry into disputed facts, particularly when a statutory presumption under Section 139 of the Negotiable Instruments Act, 1881 operates in favour of the complainant. “we are of the considered view that the High Court committed an error...
