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Supreme Court Dismisses Assessee's Claim to Treat Compensation as Capital Receipt Under Income Tax Act. Lump sum payment received by managing agent for reduction in remuneration held to be revenue receipt as it was in lieu of future profits and not for loss of managing agency.

The assessee firm, M/s. Godrej & Company, was appointed managing agent of a limited company for thirty years from November 9, 1933, under an agreement...

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Bombay High Court Adjudicates Central Excise Appeal on Service Tax Liability for Veterinary and Testing Services. Assessee Claims Exemption Under Notification No. 13/2003-ST for Commission Agent Services, While Revenue Alleges Taxable Business Auxiliary Services.

The appeal was filed before the High Court of Judicature at Bombay under Section 83 of the Finance Act, 1994 read with Section 35G of the Central Exci...

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Supreme Court Upholds Interim Injunction in Property Dispute Based on Tenancy Act Certificate. Section 38E Certificate Under Andhra Pradesh (Telangana Area) Tenancy and Agricultural Lands Act, 1950 Confers Ownership, Overriding Subsequent Transfers.

The respondent-plaintiff filed a suit for declaration of ownership, declaration that a Gift Settlement Deed dated 24.07.1987 in favour of the petition...

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Bombay High Court Acquits Appellants in Murder Case Due to Unreliable Testimony of Interested Witness. Conviction under Section 302 IPC Set Aside as Prosecution Failed to Prove Guilt Beyond Reasonable Doubt.

The case pertains to an appeal against the conviction and life imprisonment of the appellants under Sections 302 and 323 read with Section 34 of the I...

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Bombay High Court Acquits Appellants in Murder Case Due to Inconsistent Dying Declarations. Conviction under Sections 302, 452 r/w 34 IPC set aside as dying declarations were contradictory and not corroborated by medical evidence.

The appellants, Waman Gulab Kadam, Bhagwan Dattaram Kadam, and Dadarao Dattaram Kadam, were convicted by the Extra Joint Adhoc Additional Sessions Jud...

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Bombay High Court at Goa Upholds Life Imprisonment for Murder by Burning Wife with Diesel. Conviction under Section 302 IPC confirmed as dying declaration, motive evidence, and medical testimony established homicidal death.

The appellant, Adawayya @ Swami Kuntainawar, was convicted by the Additional Sessions Judge, Mapusa, for the murder of his wife by pouring diesel on h...

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Bombay High Court Dismisses Appeal Against Rejection of Section 9 Petition Seeking Injunction on Bank Guarantee Invocation. Performance Bank Guarantee Invocation Upheld as No Fraud or Irretrievable Injustice Established Under Contract Clause 4.2.

The appellant, Tata Projects Limited, was awarded a turnkey contract by respondent No.1, Hazel International FZE, for constructing a Chemical Storage ...