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Supreme Court Upholds Enhanced Share Valuation, Awards Interest at 6% Pre-Decree and 9% Post-Decree in Decades-Old Dispute. Balancing Equity and Commercial Realities: SC Modifies Interest Rates in Rajasthan State Mines Share Acquisition Case

Valuation of Shares – The Supreme Court affirmed the High Court’s valuation of shares at ₹640 per share, rejecting the State’s objections. Th...

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Bombay High Court Dismisses Employee's Petition Challenging Transfer from Navi Mumbai to Mysore. Transfer Order Upheld as Valid Exercise of Employer's Right Under Contract of Service.

The petitioner, Uday Shantikumar Dixit, joined Larsen & Toubro Ltd. (respondent no.1) on 23rd November 1981 as an Assistant Draughtsman and was later ...

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Bombay High Court Dismisses Interim Injunction Application in Passing Off Action Over Mark 'Indiacom' vs 'Indicom'. Court Holds That Plaintiff Failed to Establish Prima Facie Case of Passing Off or Deceptive Similarity Between 'Indiacom' and 'Indicom', and Balance of Convenience Favoured Defendant.

The dispute arose from a passing off action filed by Indiacom Limited (plaintiff) seeking to restrain Tata Teleservices Ltd. and others (defendants) f...

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Bombay High Court Dismisses Petition Challenging State Government Jurisdiction in Gratuity Claims. Establishment Not Under Central Control or Having Multi-State Branches Falls Under State Government Under Section 2(a) of Payment of Gratuity Act, 1972.

The dispute in this case centered on whether the appropriate Government for the Petitioner, M/s. Rhone Poulene (India) Ltd., under the Payment of Grat...

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Karnataka High Court Quashes Reassessment Notice Under Section 148 of Income Tax Act Due to Lack of Tangible Material and Mere Change of Opinion. Reopening of Assessment After Full Disclosure and Acceptance of Logo Fee as Revenue Expenditure in Previous Years Held Impermissible.

The writ petition was filed by the assessee, a limited company manufacturing kitchen appliances, challenging a notice dated 11.02.2014 issued under Se...

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Bombay High Court Quashes Reopening of Assessment Under Section 147 of Income Tax Act, 1961 for Lack of Full and True Disclosure. Deduction Under Section 80M Allowed Based on Dividend Distributed Before Due Date.

The petitioner, Godrej Agrovet Limited, a domestic company, filed its return of income for Assessment Year 2003-04 on 27th November, 2003 declaring an...

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Supreme Court Examines Vires of Tribunals Reforms Act, 2021 Amidst Concerns Over Judicial Independence. Petitioners Argue That Provisions on Appointment, Tenure, and Removal of Tribunal Members Undermine the Constitutional Balance of Power.

The judgment involves a batch of writ petitions challenging the vires of the Tribunals Reforms Act, 2021. The petitioners, led by the Madras Bar Assoc...

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Bombay High Court Dismisses BPCL's Challenge to Service Tax on Port Storage Charges. Storage charges collected by Mumbai Port Trust from BPCL for storing petroleum products are taxable as 'port services' under Section 65(105)(zzl) of the Finance Act, 1994.

The petitioners, Bharat Petroleum Corporation Limited (BPCL) and its Territory Manager, filed a writ petition challenging the demand of Service Tax by...

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Bombay High Court Allows State's Petition Challenging NCLT Order De-freezing MPID Attached Accounts. MPID Act Overrides IBC for Attachment and Confiscation of Properties of Financial Establishments.

The State of Maharashtra, through the Deputy Collector and Competent Authority (NSEL), filed a writ petition under Articles 226 and 227 of the Constit...