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Supreme Court Allows Appeal in Income Tax TDS Case — Liquor Vendors Are Not 'Buyers' Under Section 206C of Income Tax Act, 1961. Court holds that excise contractors acquiring arrack under state-controlled system are excluded from definition of 'buyer' under Explanation (a)(iii) of Section 206C.

The appeal arose from a dispute under Section 206C of the Income Tax Act, 1961, concerning tax collection at source on the sale of alcoholic liquor. T...

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Bombay High Court Quashes Penalty Orders in Maize Import License Dispute — Actual User Condition Not Violated. Petitioner Trading House Allowed to Import Maize Through Canalizing Agency Without Being Actual User Under Foreign Trade Policy.

The petitioner, Shah Nanji Nagsi Exports Pvt. Ltd., a trading house incorporated in 1919 and engaged in export of rice, oil seed, food grains and puls...

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High Court Directed Government to Address Price Disparities in Non-Scheduled Drug Formulations. Wide Price Variation Among Brands of Same Medicine Held to be a Matter of Public Concern Requiring Government Intervention Under Rule 10(b) of Drugs (Prices Control) Order, 1995.

The writ petition, filed as a public interest litigation, brought to the court's attention the stark and arbitrary price differences in identical drug...

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Bombay High Court Examines Challenge to CIDCO's Cancellation of Hospital Plot Tender. Petition Assails Cancellation Letter Dated 4 October 2024 Alleging Arbitrariness and Non-speaking Order Under Article 226.

The dispute arose from a tender floated by the City and Industrial Development Corporation of Maharashtra Limited (CIDCO) for lease of hospital plots ...