arbitrator
Posted inNews

Supreme Court Denies Appointment of Arbitrator, Holds Clause with “May be Sought Through Arbitration” Not a Binding Arbitration Agreement, Emphasises Prima Facie Scrutiny of Arbitration Clauses to Weed Out Non-Existent Agreements, Clarifies Parties Cannot Unilaterally Invoke Arbitration Without Clear Contractual Consensus

Court’s Decision The Supreme Court dismissed the appeal challenging the High Court’s refusal to appoint an arbitrator under Section 11 of the Arbitration and Conciliation Act, 1996. The Court held…
July 25, 2025
cash transactions
Posted inNews

Calcutta High Court Stays Income Tax Penalty Orders for Alleged Cash Transaction Violations, Holding “No Penalty Can Be Levied Without Prior Satisfaction of Assessing Officer Recorded in Assessment Orders” While Considering Prima Facie Illegality in Absence of Statutory Compliance

Court’s Decision The Calcutta High Court granted an interim stay on penalty orders issued under Sections 271D, 271DA, and 271E of the Income Tax Act, 1961 against the petitioners, observing…
June 29, 2025