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Bombay High Court Dismisses Writ Petition Challenging Auction Sale of Mortgaged Property Under Recovery of Debts Due to Banks and Financial Institutions Act, 1993 — No Ground to Set Aside Sale After Certificate Issued and No Appeal Filed.

The petitioners, Si2 Microsystems Pvt. Ltd. and its director Sanjay Vedaprakash Soni, availed a cash credit facility of Rs. 10 crores and a term loan ...

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High Court of Karnataka Allows Appeal in Income Tax Case — Capital Gain Not Included in Book Profit Under Section 115JB. Income from capital gain on sale of land held as investment cannot be included in book profit for MAT purposes under Section 115JB of the Income Tax Act, 1961.

The appeal was filed by Sri Hariram Hotels (P) Ltd. against the order of the Income Tax Appellate Tribunal (ITAT), Bangalore Bench, relating to the as...

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High Court of Bombay Hears Two Income Tax Appeals on Deduction Under Section 80-IA for Container Freight Stations. Substantial Questions of Law Include Whether CFS Qualifies as Inland Port and Scope of Assessment Under Section 153A.

The appeals before the High Court of Bombay arose from orders of the Income Tax Appellate Tribunal allowing deductions under Section 80-IA(4) of the I...

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Bombay High Court Partly Allows Appeal in Motor Accident Claim, Enhances Compensation Due to Incorrect Multiplier and Omission of Future Prospects. Insurance Company Exonerated as Vehicle Was Not Insured at Time of Accident Based on Premium Amount and Cover Note Conditions.

The appeal was filed by the claimants, legal representatives of the deceased Shamrao Navasare, who died in a motor vehicle accident. The Motor Acciden...

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Bombay High Court Upholds Industrial Tribunal Award Granting Grade Parity to Laboratory Assistants at Research Centre. Historical Parity and Similar Job Functions Justify Equal Classification Under Industrial Disputes Act, 1947.

The judgment involves two writ petitions filed by Hindustan Lever Limited and the Hindustan Lever Research Centre Employees' Union challenging an awar...

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Bombay High Court Dismisses Petitioner's Challenge to ONGC's Decision to Open Price Bid of Technip in Tender for Onshore Terminal. Court holds that deficiencies in technical bid were curable and decision based on Independent External Monitor's recommendation was not arbitrary.

The Petitioner, KSS Petron Pvt. Ltd., challenged a communication dated 6th January 2014 from Respondent No.1, Oil and Natural Gas Corporation Ltd. (ON...