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Supreme Court Dismisses Revenue's Appeal in Income Tax Deduction Case Under Section 80-IA. Deduction Under Section 80-IA of Income Tax Act, 1961 is Allowed Against Gross Total Income, Not Restricted to Business Income Only, Based on Interpretation of Sections 80AB and 80-IA(5).

The dispute arose from the assessment year 2002-03 involving the Commissioner of Income Tax as appellant and M/s. Reliance Energy Ltd. as respondent. ...

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Supreme Court Upholds NCLAT Order in Insolvency Resolution Plan Approval Under Insolvency and Bankruptcy Code, 2016. Resolution Plan Found Compliant with Section 30(2) and Binding on All Stakeholders Despite Pending Creditor Claim Challenges.

The appeal arose under Section 62 of the Insolvency and Bankruptcy Code, 2016, against a judgment dated 4 January 2021 of the National Company Law App...

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High Court of Bombay at Goa Dismisses Second Appeal in Property Suit — Appellants Not Defendants in Original Suit. The court held that the appellants, who were not parties to the original suit, cannot challenge the decree as they were not defendants and the suit was not collusive.

The case involves a second appeal filed by the appellants, who claimed to be the defendants in Regular Civil Suit No.54/2001. However, upon examinatio...

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Bombay High Court Acquits Accused in Murder Case Due to Unreliable Dying Declaration. Conviction under Section 302 IPC for burning concubine set aside as dying declaration recorded by police officer without doctor's certification lacked credibility.

The appellant, Sanjay Baburao Randive, was convicted under Section 302 of the Indian Penal Code (IPC) by the Additional Sessions Judge, Pune, for the ...

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Bombay High Court Dismisses Appeals in Specific Performance Suit, Upholds Alternative Decree for Damages. Plaintiff's claim for specific performance of flat agreement dismissed due to subsequent sale to bona fide purchaser; alternative decree for damages against original vendor confirmed.

The judgment arises from two appeals against a common decree dated 14.1.2010 passed by the Bombay High Court in Suit No.1642 of 1984. The original pla...

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High Court of Karnataka Dismisses Appeal Challenging Disqualification of DCC Bank Director Under Karnataka Co-operative Societies Act, 1959. Disqualification for Default in Loan Repayment Upheld as Per Section 29C(1)(b) of the Act.

The appellant, Sri R.M. Manjunath Gowda, was a director and president of the Shimogga District Central Co-operative Bank (DCC Bank). He had taken a lo...