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SangsLegal News Gains obtained from foreign exchange fluctuations not deductible under Section 80HHC of the Income Tax Act; Supreme Court |
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The supreme court recently held that it is not permissible to consider the gains obtained from foreign exchange fluctuations as deductible under Section 80HHC of the Income Tax Act. As per this section, taxpayers are eligible for deductions on profits attained from the export of goods or merchandise. 
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SangsLegal News Even if a person mistakenly kills another person,he is still guilty of murder: Supreme Court |
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In a recent case involving a murder conviction under section 302 IPC, the Supreme Court upheld the appellant's conviction by applying the theory of transferred malice.
The Supreme Court ruled that even though the appellant accidentally kills the deceased person despite having no intention of doing, it makes no difference because the "Doctrine of Transfer of Malice or Transmigration of Motive" which states that the intention hublot replica or mens rea involved in the commission of an offense can be transferred to another individual.
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SangsLegal News Revenue records do not serve as official documents of title: Supreme Court |
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The Supreme court has recently held that Revenue records do not serve as official documents of title. The court affirmed that a mere mutation of revenue records does not deprive the legitimate holders of the land of their rightful ownership, title, or interest in said land.
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SangsLegal News The shutdown of a company owing to financial challenges cannot be considered an "unavoidable circumstances to refuse compensation for retrenchment: Jammu and Kashmir and Ladakh High Court |
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The recent decision of the Jammu and Kashmir and Ladakh High Court highlighted that the shutdown of a company owing to financial challenges cannot be considered an "unavoidable circumstances" as per Section 25-FFF of the Industrial Disputes Act. This ruling further emphasizes the rightful entitlement of employees to receive compensation for retrenchment.
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SangsLegal News Punjab & Haryana High Court Has Struck Down Haryana Domicile Quota |
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The Haryana State Employment of Local Candidates Act, 2020, which mandated a 75% reservation for Haryana residents in private sector jobs with a monthly salary below Rs 30,000, has been deemed unconstitutional and struck down by the Punjab & Haryana High Court. The court ruled that this legislation infringes upon the provisions laid out in Part-III of the constitution.
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