The Court held that exclusion clause 5 could not justify repudiation of the boiler explosion claim. The insurer cannot rely on post-accident discovery of latent defects to deny a valid claim under a ...

The Tribunal held that section 115JB is not applicable to banks constituted as ‘corresponding new banks’ under the Banking Companies Act. As a result, the penalty under section 271(1)(c) for ...

A postmaster who misappropriated public money was removed despite later repaying the amounts. The High Court’s order reinstating him was overturned for exceeding the scope of judicial review. The ...

The Tribunal held that reopening notices and assessment orders under section 148 issued in the PAN of a deceased person are invalid. The ruling reinforces that reassessment proceedings require notices ...

The Tribunal held that once sales are accepted in audited books, they cannot be reclassified as unexplained cash credits. The addition of ₹41.74 lakh was struck down as it caused double ...