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Bombay High Court Dismisses Revenue's Appeal in Income Tax Derivative Transaction Case. Exchange Traded Derivatives Held Not Speculative Under Section 43(5) of Income Tax Act, 1961, with Retrospective Application of Clause (d) of Proviso.

The case involves an appeal by the Commissioner of Income-tax, Central-IV against the order of the Income Tax Appellate Tribunal (ITAT) in favor of th...

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Bombay High Court Discharges Respondents in Suo Motu Criminal Contempt for Alleged Willful Disobedience of Court Orders. Court holds that mere breach of undertaking does not constitute criminal contempt unless it scandalizes or lowers authority of court.

The High Court of Bombay initiated suo motu criminal contempt proceedings against respondent no.1 (M.N. Navale, President of Sinhgad Technical Educati...

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Supreme Court Upholds NCLAT Decision on Mandatory 75% Voting Share for Resolution Plan Approval Under I&B Code. Financial Creditors' Rejection of Resolution Plan for Kamineni Steel & Power India Pvt. Ltd. and Innoventive Industries Ltd. Leads to Liquidation as Plan Did Not Garner Required Majority.

The Supreme Court of India heard appeals arising from a common judgment of the National Company Law Appellate Tribunal (NCLAT) dated 6 September 2018,...

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High Court Dismisses State’s Appeal and Upholds Acquittal of Junior Clerk in GPF Misappropriation Case Under Section 409 IPC. Entrustment of Money and Criminal Breach of Trust Not Proved Beyond Reasonable Doubt; Appellate Interference Declined.

The High Court of Judicature at Bombay, Nagpur Bench, heard a criminal appeal by the State of Maharashtra against the acquittal of Ravindra Chandrabha...

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Bombay High Court Dismisses Quashing Petition in Forgery Case — Social Activists’ FIR Challenge Rejected. Allegations of Theft and Forgery of Demand Drafts Against Ex-Minister Require Investigation, Quashing Petition Dismissed Under Section 482 CrPC.

The present proceedings involved a criminal writ petition and criminal application filed under Section 482 of the Code of Criminal Procedure, 1973, an...