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Bombay High Court Allows Revenue Appeal in Income Tax Case — Payment to Retiring Partners Held Capital Expenditure. Amount of Rs.1,34,678 paid to retiring partners under Memorandum of Understanding is capital expenditure not deductible as revenue expenditure.

The case involves an appeal by the Commissioner of Income Tax against the order of the Income Tax Appellate Tribunal. The assessee, Mandovi Hotel Pvt....

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Bombay High Court Allows Employer's Petition in Part, Modifies Backwages Award in Unfair Labour Practice Case. Full backwages from termination to superannuation reduced to 50% for period after Labour Court order, based on employee's failure to mitigate losses.

The petitioner, Raptakos Breet & Company Ltd., a pharmaceutical company, challenged the judgment and order dated 23 April 2019 of the Second Labour Co...

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Supreme Court Allows State's Appeal Against Reinstatement of Temporary Fixed-Term Employee. Compensation for Unexpired Period Held Appropriate Relief Instead of Reinstatement for Irregularly Appointed Employee.

The Supreme Court allowed the appeal filed by the State of Odisha against the judgment of the Orissa High Court which had directed reinstatement of th...

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KAHC020009812016_1

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