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Bombay High Court Dismisses Revenue's Sales Tax Reference in Trade Discount Deduction Case. Tribunal's finding that discount was trade discount is a finding of fact, no question of law arises under Section 61 of Bombay Sales Tax Act, 1959.

The case is a Sales Tax Reference under Section 61 of the Bombay Sales Tax Act, 1959, filed by the Commissioner of Sales Tax, Maharashtra State, again...

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Madras High Court Dismisses Writ Petition Challenging Levy of Deficit Stamp Duty Under Indian Stamp Act, 1899. Alternative remedy under Section 33A(3) held efficacious and writ not maintainable absent procedural irregularity or violation of natural justice.

The petitioner, a director of Sree Rajeswari Mill Ltd., executed a sale agreement dated 16.12.2020 in favor of one K. Rakesh Kumar for certain propert...

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Bombay High Court Quashes Prosecution Against Directors in Food Adulteration Case Due to Inordinate Delay Depriving Right to Reanalysis. Delay of 35 months in filing complaint violated Section 13(2) of Prevention of Food Adulteration Act, 1954, rendering trial futile.

The applicants, who were directors of M/s. Bunge Agri Business India Ltd., filed an application under Section 482 of the Code of Criminal Procedure, 1...

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Bombay High Court Allows Bank's Petition Against GST Attachment of Secured Assets Under SARFAESI Act. Priority of Secured Creditor Over Crown Debts Upheld Under Section 26E of SARFAESI Act and Section 31B of RDDB Act.

The petitioner, Indian Overseas Bank, a secured creditor, had extended credit facilities to Respondent No. 3, Savair Energy Limited. Upon default, the...

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Bombay High Court Dismisses PIL Seeking Regulation of Time Share Companies as Collective Investment Schemes Under SEBI Act. Court Holds That Time Share Arrangements Do Not Constitute Collective Investment Schemes and That Grievances Are Contractual in Nature.

The petitioner, M/s Securities & Time Share Owners Welfare Association, filed a public interest litigation seeking a direction to the Securities and E...

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Bombay High Court Adjudicates Challenge to Maharashtra Stamp Act Amendment on Advertisements. Petition Seeks Declaration that Imposition of Stamp Duty on Mass Media Advertising Contracts is Unconstitutional and Void.

The Advertising Agencies Association of India and several other entities representing advertising, newspaper publishing, and broadcasting sectors file...