Day: December 22, 2025

Excluding one legal heir from the property does not render a will invalid: Supreme Court

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The Supreme Court, while delivering an important judgment in a family dispute relating to the partition of a father’s property, has clarified that if a will is proved in accordance with law, it cannot be treated as suspicious merely on the ground that one legal heir has been excluded from it. The Supreme Court said … Read more

Nature of Expenditure – Non-Compete Fee Capital or Revenue, Allowability of Depreciation under Section 32(1)(ii)

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Nature of Expenditure – Non-Compete Fee Capital or Revenue | Allowability of Depreciation under Section 32(1)(ii) Sharp Business System (India) Pvt. Ltd. v. Commissioner of Income Tax Supreme Court | Civil Appeal No. 4072 of 2014 & batch Judgment dated: 19 December 2025 I. Issues for Consideration (Para 5) 1.Whether non-compete fee paid by an … Read more