The Allahabad High Court has come down heavily on the growing tendency of police to shoot accused persons in the name of encounters, observing that firing to “teach a lesson” is against the rule of law. Emphasising the constitutional principles, the Court remarked that, “India is a democratic country. It has to be run as … Read more
Whether interest expenditure incurred on borrowed funds can be allowed as a deduction under section 57(iii) against interest income earned from loans and advances given to a company, when the intention and nexus between borrowing and lending are established. Citation: Ankur Chandulal Shah vs Assistant Commissioner of Income Tax, Circle-19(1), Mumbai ITA No. 5901/Mum/2025-Assessment Year: … Read more
The Supreme Court has granted an interim stay on the implementation of the University Grants Commission (Promotion of Equity in Higher Education Institutions) Regulations, 2026, framed to promote equity in higher education institutions. Taking note of prima facie ambiguities in the Regulations, the Division Bench headed by the Chief Justice Surya Kant and Justice Joymalya Bagchi … Read more
