Supreme Court Legal News Amounts paid by resident Indian end-users to non-resident computer software manufacturers as consideration for the resale/use of the computer software is not the payment of royalty for the use of copyright in the computer software: SC held it does not give rise to any income taxable in India and hence no TDS to be deducted. Decided on 2nd March, 2021 Engineering Analysis Centre of Excellence Private Limited v. The Commissioner of Income Tax & Anr. For full text of...

Supreme Court Legal News Period of limitation for filing objections under Section 34(3) of Arbitration Act to be reckoned from the date on which the signed copy of the award was made available to the parties. Decided on 2nd March, 2021 Dakshin Haryana Bijli Vitran Nigam Ltd. v. M/s Navigant Technologies Pvt. Ltd. For full text of judgment click here

Supreme Court Legal News Building tax exemption contained in Section 3(1)(b) of Kerala Building Tax Act, should be granted to residential accommodation for nuns and hostels for students: SC adopts a liberal construction of an exemption provision in a tax statute. Decided on 1st March, 2021 Government of Kerala & Anr. v. Mother Superior Adoration Convent For full text of judgmentCLICK HERE

Supreme Court Legal News Moratorium provision contained in Section 14 of the IBC would apply only to the corporate debtor. SC clarifies further that Section 138/141 proceeding can continue or be initiated against the natural persons mentioned in Section 141 of the Negotiable Instruments Act. Decided on 1st March, 2021 P. Mohanraj & Ors. v. M/S. Shah Brothers Ispat Pvt. Ltd. For full text of judgment CLICK HERE

Supreme Court Legal News For deferred payment of salaries and pensions simple interest shall be paid: SC orders Government of Andhra Pradesh holding that the salaries and pensions are rightful entitlement of government employees. Decided on 8th February, 2021 State of Andhra Pradesh and Another v. Smt Dinavahi Lakshmi Kameswari For fulll text of judgmentclick here