Supreme Court Dismisses IT Dept's Appeal Against Pernod Ricard In Advertising Expense Tax Dispute Over Delay

The Supreme Court on Tuesday dismissed the Income Tax Department's challenge to a Delhi High Court ruling in favour of Pernod Ricard India Pvt Ltd. It declined to interfere with the judgment that had held AMP and brand-building expenses could not be disallowed in the absence of evidence showing an arrangement with the foreign associated enterprise. The top court declined to entertain the Revenue's plea on account of a 384-day delay in filing the appeal. A Bench of Justices J.B. Pardiwala and...

Supreme Court Issues Notice In DMRC Plea Against ₹45 Crore Service Tax Demand On Upfront Lease Premium

The Supreme Court on Tuesday issued notice on an appeal filed by Delhi Metro Rail Corporation Ltd (DMRC) challenging a CESTAT ruling that upheld a service tax demand of over ₹45 crore. The demand relates to upfront fees received under long-term lease arrangements for property development linked to the Delhi Metro project.A Bench of Justices Pamidighantam Sri Narasimha and Alok Aradhe issued notice and agreed to hear the case on merits.The dispute arose from service tax demands against DMRC on...

Supreme Court Dismisses Appeal Against NCLAT Order Clearing NSE In Co-Location Abuse Of Dominance Case

The Supreme Court on Tuesday upheld the NCLAT's order clearing the National Stock Exchange in the co-location access abuse of dominance case, refusing to interfere with the tribunal's finding that no prima facie case of anti-competitive conduct was made out. The NCLAT had held that mere dominance does not amount to abuse and found no material showing denial of market access or appreciable harm to competition.“Merely being a dominant player is not bad in itself, unless it has resulted into...

Supreme Court Sets Aside HC Ruling In Birla Corp AGM Vote Dispute; Says Majority Trustees Can Authorise Voting

The Supreme Court on Tuesday set aside a Calcutta High Court ruling that had held that once an e-vote is cast in the Annual General Meeting (AGM) of Birla Corporation Ltd., it could not subsequently be invalidated through later communications. The High Court had also held that the first vote cast on behalf of the societies must prevail. A Bench of Justices Vikram Nath and Sandeep Mehta held that the Division Bench erred in concluding that trustees could bind the societies only if all trustees...

Reliance Industries' n-Hexane Import Cannot Be Classified As Motor Spirit Merely For Low Flash Point: Supreme Court

The Supreme Court has ruled in favour of Reliance Industries Ltd. in its long-running customs classification dispute, holding that imported n-Hexane cannot be treated as motor spirit merely because its flash point is below 25°C. The court held that the Customs Department failed to prove that the product satisfied all conditions required for such classification, including suitability for use as fuel in spark ignition engines. A bench of Justice Aravind Kumar and Justice Prasanna B. Varale...

Supreme Court Refuses To Interfere With Relief To Karnataka Bank In HTM Investment Income Tax Dispute

The Supreme Court on Monday declined to interfere with Karnataka Bank Ltd's tax relief in a dispute over deduction for diminution in the value of its held-to-maturity (HTM) investments, which are securities that banks buy with the intention of holding until maturity rather than trading. A Bench of Justices Manoj Misra and Manmohan dismissed the Revenue's special leave petition against the Karnataka High Court's August 2025 judgment that had upheld relief granted to the bank. “We do not find a...

Supreme Court Questions Whether Bank Of India Alone Can Face Octroi Prosecution After Officials Get Relief

The Supreme Court on Friday questioned whether criminal proceedings for alleged octroi violations can continue against Bank of India after the Bombay High Court quashed proceedings against its senior officials while allowing the case against the bank to continue. The issue arose while the Court was hearing the Bank of India's plea challenging the Bombay High Court's December 8, 2025 judgment. The High Court had quashed proceedings before the Judicial Magistrate First Class (JMFC), Pune, against...

Supreme Court Orders No Coercive Steps In Plea Seeking Bar On NI Act Proceedings During Personal Insolvency

Another plea has been filed in the Supreme Court seeking a declaration that proceedings under the Negotiable Instruments Act and the Payment and Settlement Systems Act cannot continue against personal guarantors once the interim moratorium under the Insolvency and Bankruptcy Code is triggered.The plea has been filed by Karan Bhatia, suspended director of Uttam Cylinders Pvt Ltd and a personal guarantor for the company's loans. A Bench of Chief Justice Surya Kant, Justice Joymalya Bagchi and...

Venugopal Dhoot Moves Supreme Court Against NCLAT Order Excluding Videocon Foreign Oil Assets From VIL CIRP

Videocon founder Venugopal Dhoot has moved the Supreme Court against an NCLAT ruling refusing to bring the group's foreign oil and gas assets into the insolvency resolution process of Videocon Industries Ltd.The matter is yet to be listed by the Supreme Court. The NCLAT on May 14, 2026 noted that Dhoot himself had earlier requested lenders in 2016 and 2017 to separate Videocon Industries from the foreign oil and gas business. It said this was done to “protect the oil and gas assets of the group...

Supreme Court Refuses To Interfere With Relief To RSRTC In ₹16 Crore Service Tax Dispute

The Supreme Court has refused to interfere with a tribunal ruling that granted major relief to Rajasthan State Road Transport Corporation (RSRTC) in a long-running service tax dispute involving demands exceeding ₹16 crore over allegations that it operated as a “tour operator” and failed to pay tax on certain other services. A bench of Justice Dipankar Datta and Justice Satish Chandra Sharma dismissed an appeal filed by the Principal Commissioner of CGST and Central Excise, Jaipur, against a...

Supreme Court Asks Delhi HC To Dispose Patanjali-Ashav Arbitration Dispute Over Ruchi Soya Deal

The Supreme Court recently asked the Delhi High Court to take up for disposal the pending arbitration dispute between Patanjali Ayurved Ltd and Ashav Advisory LLP over a share transaction linked to the acquisition of Ruchi Soya Industries. A Bench of Justices Pamidighantam Sri Narasimha and Alok Aradhe requested the High Court to decide the pending petitions at the next date of hearing, scheduled for July 28. “We had earlier recorded in our order dated 07.01.2026 that Section 34 objections...

Supreme Court Refuses To Vacate Stay On FIR Against WinZO, Director Over Alleged BOT Use To Defeat Players

The Supreme Court on Monday (May 18) refused to interfere with the Punjab and Haryana High Court's order staying further proceedings in an FIR against WinZO Pvt Ltd and its director over allegations that the gaming platform used “BOTs” to cheat users. It requested the High Court to endeavour to decide the matter by June 15, 2026. A Bench of Justices M.M. Sundresh and Nongmeikapam Kotiswar Singh said there was force in the submission that courts ordinarily should not stall investigations....