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Supreme Court Allows Deduction Under Section 80HH on Gross Profits Without Deducting Depreciation and Investment Allowance. The Court Overruled Motilal Pesticides and Held That Section 80HH Deduction Is Computed on 'Profits and Gains' Not 'Income'.

The Supreme Court considered a batch of civil appeals concerning the interpretation of Section 80HH of the Income Tax Act, 1961, for the Assessment Ye...

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Supreme Court Allows Appeal in Income Tax Case: Subscriptions Received Under Collective Investment Schemes Held to be Capital Receipts Not Income. Peerless General Finance's Subscriptions Not Forfeited During Assessment Years, Hence Not Taxable as Income.

The appeal arose from a dispute between The Peerless General Finance and Investment Company Ltd. (appellant) and the Commissioner of Income Tax (respo...

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Supreme Court Dismisses Reference to Larger Bench in Pension Dispute of U.P. Avas Evam Vikas Parishad Employees. Preetam Singh Judgment Held Binding on State and Board Regarding Pension Scheme Implementation.

The Supreme Court heard a batch of special leave petitions arising from writ petitions filed by employees of the Uttar Pradesh Avas Evam Vikas Parisha...

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Bombay High Court Dismisses PIL Challenging Tender for Construction of Commercial Complex in Thane. Court holds that no public interest is involved as the petition is filed by business rivals to scuttle a tender process.

The Bombay High Court dismissed a Public Interest Litigation (PIL) filed by the Association for Protection of Civil Rights (APCR) and three other indi...

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Bombay High Court Dismisses Petitions Challenging Reclassification of Mill Land as Non-NAINA Area Under DCPR 2034. Court upholds Monitoring Committee's decision that land not required for textile industry reverts to municipal reservation for public housing and amenity purposes.

The judgment concerns two writ petitions filed by Glider Buildcon Realtors Pvt Ltd and Mafatlal Industries Ltd challenging the decision of the Monitor...

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Bombay High Court Dismisses Petition Challenging Condonation of Delay in Unfair Labour Practice Complaint. Delay of 5 years and 11 months condoned as workers were pursuing remedy through union and letters, and no prejudice caused to employer.

The Petitioner, Brihan Mumbai Electric Supply and Transport (BEST) Undertaking, challenged the judgment and order dated 25.01.2023 of the Industrial C...