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High Court of Karnataka Quashes Service Tax Demand on Payment Aggregator Services for FY 2015-16. Services Provided by FIS Payment Solutions to Acquiring Banks for Settlement of Card Transactions Held Not Taxable as 'Business Auxiliary Service' Under Finance Act, 1994.

The petitioner, FIS Payment Solutions and Services India Private Limited, a company incorporated under the Companies Act, 1956, provides payment aggre...

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Madras High Court Allows Petition to Withdraw Look Out Circular Issued Under BNSS 2023 Against Accused in Cheating Case. Court Holds That Once Accused is Arrested and Released on Bail, the Purpose of LOC is Served and it Must be Withdrawn.

The case arose from a criminal original petition filed under Section 528 of the Bharatiya Nagarik Suraksha Sanhita, 2023, by Dinesh Kumar, an Assistan...

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Bombay High Court Allows Appellant to Invoke Bank Guarantee in Arbitration Dispute Over Supply Contract. Court Permits Receipt of Amount Subject to Undertaking to Repay with Interest at 12% per Annum if Arbitral Tribunal Orders.

The appellant, Rashtriya Chemicals & Fertilizers Ltd., a Government of India Undertaking, placed a purchase order on 8 November 2011 with the responde...

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Bombay High Court Quashes Reassessment Order in Capital Gains Tax Case — Transfer of Shares of Foreign Company Not Taxable in India. Shares of a Bermuda company transferred outside India do not constitute transfer of a capital asset situated in India under Section 2(14) of the Income Tax Act, 1961.

The petitioner, Techpac Holdings Ltd., a company incorporated in Bermuda, challenged an assessment order dated 25th March 2013 passed by the Deputy Co...

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Karnataka High Court Dismisses Petitioner's Challenge to BDA Scheme Non-Lapse and Government's Withdrawal Notification. Scheme Under BDA Act Does Not Lapse Automatically Under Section 27; Government's Power to Withdraw from Acquisition Under Section 48 of Land Acquisition Act, 1894 Upheld.

The petitioner, Sri H. Krishna Reddy, filed a writ petition under Articles 226 and 227 of the Constitution of India seeking a declaration that the 'By...

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Supreme Court Upholds Ban on Apartmentalisation in Chandigarh Residential Plots to Preserve City's Original Character. Fragmentation of single dwelling units into multiple apartments violates Rule 16 of Chandigarh Estate Rules, 2007 and the Chandigarh Master Plan 2031.

The case involves a Public Interest Litigation filed by the Chandigarh Citizens Forum (appellants) against the Chandigarh Administration and others, s...

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High Court of Karnataka Hears Consolidated Writ Petitions Challenging Forest Development Tax Notification Under Karnataka Forest Act. Petitioners Contended That the Levy on Mineral-Bearing Land Violated Article 246, Entry 54 of Union List, and Forest Conservation Act, 1980.

The High Court of Karnataka, Bengaluru, heard a batch of writ petitions filed under Articles 226 and 227 of the Constitution of India by several minin...

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Bombay High Court Allows Writ Petition Challenging Rejection of Export Obligation Discharge for Supplies to SEZ Without Bill of Export. Policy Circular Relaxing Requirement for Supplies Prior to July 1, 2017 Applied; Balance Supplies Remanded for Fresh Consideration.

The petitioner, Phoenix Industries Limited, engaged in manufacturing and export of non-ferrous metal alloys, obtained an Advance Authorisation (AA) fo...