Banks Can Claim Tax Deductions For Broken Period Interest On HTM Securities If Held As Trading Assets: Supreme Court

The Calcutta High Court declined to stay the relocation of National Company Law Tribunal (NCLT) premises despite objections from lawyers citing inconvenience. The court held that logistical inconvenience to lawyers was not a valid ground to interfere with the government’s decision to shift the premises. The High Court’s decision underscores that policy decisions should not be overturned lightly, especially when the affected parties are not significantly disadvantaged. The case highlights the judiciary’s deference to policy decisions made by administrative authorities, provided they do not infringe on the legal rights of individuals.