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High Court Quashes FIR Against Bank Officials and BGR Energy Executives in Bank Guarantee Dispute -- No Criminal Intent Found in Commercial Transaction Under IPC Sections 420, 403, 406, 418, 425, 427 read with 34

The High Court quashed an FIR registered against bank officials and company executives alleging criminal offences in connection with bank guarantee tr...

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Supreme Court Allows Joint Consumer Complaint by Flat Buyers Under Section 12(1)(c) of Consumer Protection Act, 1986 — Common Grievance Sufficient Despite Different Dates, Costs, and Sizes. NCDRC's Dismissal Set Aside, Matter Remitted for Fresh Consideration.

The appeal arose from an order of the National Consumer Disputes Redressal Commission (NCDRC) dated 19 February 2016, which dismissed a consumer compl...

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Supreme Court Allows Appeal in Power Tariff Dispute — State Directed to Compensate Appellant for Delayed Transmission Line Construction. Contractual Obligation to Provide Free Power Under Clause 10 of Agreement Cannot Be Avoided Due to KSEB's Failure to Complete Transmission Line.

The case involves an appeal by Indsil Hydro Power & Manganese Ltd against the State of Kerala and the Kerala State Electricity Board (KSEB) regarding ...

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Bombay High Court Dismisses Assessee's Claim for Depreciation on Share Issue Expenses Capitalised to Plant and Machinery. Expenditure on Raising Share Capital Not Part of Actual Cost Under Section 32 of Income Tax Act, 1961, and Falls Under Section 35D as Preliminary Expenses.

The case involves an Income Tax Reference under Section 256(1) of the Income Tax Act, 1961, by the Income Tax Appellate Tribunal for the assessment ye...

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Bombay High Court Dismisses State's Petition Challenging Tribunal's Order to Reinstate IFS Officer in Disciplinary Proceedings. Court holds that charges of misconduct were not established and that the disciplinary authority's order was based on no evidence.

The case involves a writ petition filed by the State of Maharashtra and others challenging the order of the Maharashtra Administrative Tribunal (MRT) ...