Tag Archives: 60%

Shipper’s agent liable for demurrage: SC

The Supreme Court of India clarified that the ship owner’s agent is liable to pay the demurrage charges and other dues of the port authority if the bill of lading or the delivery order is not endorsed or issued to … Continue reading

Posted in Contract Law, General Law, International Law, Trade Law | Tagged , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , | Leave a comment

Proviso to Sec 113 IT Act retrospective in nature: SC

In a very important ruling regarding levy of surcharge on block assessment of income, the Supreme Court of India ruled that the proviso to Section 113 of the Income Tax Act imposing surcharge shall not have a retrospective affect. “…….. … Continue reading

Posted in Banking Law, Income Tax Law, International Law | Tagged , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , | Leave a comment