Supreme Court

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Supreme Court Upholds Assessee in Income Tax Set-Off Dispute — Life Insurance and General Insurance Businesses Constitute Same Business Under Section 24(2). Common Organisation, Management, and Expenses Stamped the Two Lines of Insurance as One Composite Business, Allowing Carry Forward and Set-Off of Losses Against Profits....

The dispute arose from income tax assessments of Prithvi Insurance Co. Ltd., a public limited company that carried on both life insurance and general insurance businesses. In each of the calendar year...

Supreme Court

Supreme Court Dismisses Appellant in Agricultural Income Tax Case on Sale of Accumulated Cardamom Stocks. Income from sale of accumulated agricultural produce in assessment year constituted taxable agricultural income under Madras Plantations Agricultural Income Tax Act, 1955, Sections 3 and 4, because agricultural produce is not income until sold, consumed, or used, despite prior compounding under Section 65....

The litigation arose under the Madras Plantations Agricultural Income Tax Act, 1955 concerning the chargeability of income from sale of cardamom stocks by a plantation owner. The appellant owned a fif...

Supreme Court

Supreme Court Dismisses Assessee's Appeal in Income Tax Case Regarding Exemption Under Section 4(3)(vii) of Income-tax Act, 1922. Receipt Held to be Business Income, Not Exempt as Casual or Non-Recurring Receipt, as it Arose from Services Rendered in the Course of Business....

The assessee firm, Ram Kumar Agarwalla and Brothers, carried on business as share brokers and paper merchants. Together with D, a chartered accountant, and R, a solicitor, they engaged in negotiations...

Supreme Court

Supreme Court Upholds Landlord's Selection Under Punjab Security of Land Tenures Act, 1953 as Reserved Area, Denying Tenant Purchase Right. Court Rules That Valid Reservation Under Section 5(1) Requires Patwari Verification and Section 5-B Selected Area Is Area Reserved Under the Act, Thus Barring Tenant's Claim Under Section 18....

The appeal arose from a writ petition dismissed in limine by the Punjab High Court, challenging the Financial Commissioner's order that denied a tenant's right to purchase agricultural land under the ...

Supreme Court

Supreme Court Allows Revenue Appeal in Income Tax Act Section 42 Case; High Court Erred in Disturbing Tribunal's Findings of Fact. Interest on Fixed Deposits from Non-Taxable Territory Deemed to Accrue in India Under Section 42(1) of Income-tax Act, 1922 as Money Was Brought into India with Knowledge of Assessee....

The Supreme Court considered appeals by special leave from a Madras High Court judgment in a tax reference concerning three public limited companies engaged in manufacture and sale of cotton yarn at M...

Supreme Court

Supreme Court Upholds Plaintiffs in Redemption and Adverse Possession Dispute Over Mortgaged Shops. Subsequent Sale with Notice of Prior Agreement Held Voidable, Not Void, and Mortgagee in Possession's Fiduciary Capacity Prevents Adverse Possession Under Section 91 of Indian Trusts Act, 1882 and Section 40 Paragraph 2 of Transfer of Property Act, 1882....

The dispute arose from a mortgage with possession executed by the karta of a Hindu joint family in 1907 over two shops in Jamnagar. After the karta's death, the coparceners entered into an agreement t...

Supreme Court

Supreme Court Upholds Management in Industrial Dispute Over Jurisdiction of Tribunal to Determine Existence of Strikes Under Section 10(1) of Industrial Disputes Act, 1947. Held that the Tribunal cannot go beyond the terms of reference which assumed the existence of strikes and lock-out, and must confine itself to deciding legality and justification....

The case involved industrial disputes between the management of Delhi Cloth Mills and Swatantra Bharat Mills (two units of Delhi Cloth & General Mills Co. Ltd.) and their workmen. Four issues were ref...

Supreme Court

Supreme Court Partially Allows Debtors' Appeal in Bank Loan Recovery Suit; Certified Copy of Bank Entry Insufficient to Prove Loan Under Section 34 Evidence Act. Court Holds That Certified Copies of Bankers' Books Under Section 4 of Bankers' Books Evidence Act, 1891 Are Admissible Only to Same Extent as Original Entries, and Original Entries Alone Cannot Charge Liability Under Section 34 of Indian Evidence Act, 1872; Personal Liability Under Mortgage Deed Barred by Limitation Under Article 116, Limitation Act, 1908 While Mortgage Sale Claim Within Time Under Article 138....

The litigation arose from a suit filed by the Gauhati Bank Limited against Chandradhar Goswami and others for recovery of Rs.40,000 based on a mortgage deed and an alleged further advance. The appella...

Supreme Court

Supreme Court Allows Assessee Firm in Income Tax Relief Case Under Section 25(3) of Income Tax Act, 1922. Foreign Business and Rental Income Derived from Business Held Charged Under 1918 Act, Entitling Successor Firm to Exemption on Discontinuance....

The appeal arose from a reference under the Income Tax Act, 1922 concerning the entitlement of an assessee firm to relief under Section 25(3) upon discontinuance of its business. The assessee firm, O....

Supreme Court

Supreme Court Allows Assessees in Income Tax Reassessment Dispute — Order Recording Partition Under Section 25A of the Income-tax Act, 1922 Bars Subsequent Reassessment of Hindu Undivided Family. The Court held that after an order under Section 25A(1) recording partition is passed, the family ceases to be assessable as a Hindu undivided family, and Section 34 of the Income-tax Act, 1922 cannot be used to circumvent that order....

The dispute arose from an income-tax reassessment attempted on a Hindu undivided family that had already been partitioned under a consent decree and an order under Section 25A of the Indian Income-tax...

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Supreme Court

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Supreme Court Dismisses Assessee's Appeal in Income Tax Case Regarding Exemption Under Section 4(3)(vii) of Income-tax Act, 1922. Receipt Held to be Business Income, Not Exempt as Casual or Non-Recurring Receipt, as it Arose from Services Rendered in the Course of Business....

Supreme Court Allows Assessee Firm in Income Tax Relief Case Under Section 25(3) of Income Tax Act, 1922. Foreign Business and Rental Income Derived from Business Held Charged Under 1918 Act, Entitling Successor Firm to Exemption on Discontinuance....

Bombay High Court Allows Appeals by Acquiring Body in Land Acquisition Compensation Cases,...

Bombay High Court Dismisses NHAI Appeals in Land Acquisition Compensation Dispute — Upho...

Bombay High Court Dismisses Writ Petition Challenging Concurrent Findings in Suit for Spec...

Bombay High Court Dismisses MBBS Student's Writ Petition Seeking Fourth Attempt in Anatomy...

High Court of Bombay Hears Writ Petitions Challenging Tenancy Orders Under Bombay Tenancy ...

Supreme Court Allows Assessee in GST Limitation Case by Setting Aside Show Cause Notice fo...

Supreme Court Allows Criminal Appeal Against Acquittal in Dowry Harassment Death Case, Res...

Supreme Court Restores Criminal Appeal Against Acquittal After High Court Dismissed It as ...

Supreme Court Upholds Election Petitioner in Representation of People Act, 1951 Matter on ...

Supreme Court Quashes Domestic Violence Proceedings Against Husband Based on Prior Settlem...