Tax exemption for regulatory authority income applies retrospectively, subject to non-commercial activity, unchanged income sources, and return filing...
Dispute Resolution Panel objections must reach both prescribed forums; otherwise assessment may proceed and statutory appeal remains the proper remedy...
Political contribution deductions require recipient party compliance with contribution-reporting conditions; banking-channel donations alone do not qu...
Aggregation under TNMM prevents selective testing of intra-group services without comparable uncontrolled transactions, while appellate additional cla...
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The HC dismissed the petition under Article 226, holding that no enforceable legitimate expectation arose because the respondent-bank had produced no governing OTS policy or consistent express promise; consequently the court would not compel disclosure of an alleged changing benchmark or direct acceptance of the petitioner's OTS. While noting that a bank may qualify as a "State" under Article 12 and that discriminatory deviations from RBI guidelines could implicate Article 14, the court found no demonstrable policy breach here and deferred to the respondent-bank's commercial wisdom to assess recoverability and OTS suitability. Relief sought to mandate disclosure and dictate settlement terms was therefore refused.
The HC dismissed the petition under Article 226, holding that no enforceable legitimate expectation arose because the respondent-bank had produced no governing OTS policy or consistent express promise; consequently the court would not compel disclosure of an alleged changing benchmark or direct acceptance of the petitioner's OTS. While noting that a bank may qualify as a "State" under Article 12 and that discriminatory deviations from RBI guidelines could implicate Article 14, the court found no demonstrable policy breach here and deferred to the respondent-bank's commercial wisdom to assess recoverability and OTS suitability. Relief sought to mandate disclosure and dictate settlement terms was therefore refused.
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