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Bombay High Court Quashes Reassessment Notices in Income Tax Case Due to Lack of Independent Application of Mind by AO. Dividend Stripping Provision Under Section 94(7) of Income Tax Act, 1961 Not Applicable Where Assessee Suffered Net Loss on Sale of Mutual Fund Units Exceeding Dividend Received.

The petitioner, Karan Maheshwari, an individual investor in shares, stocks, securities, and mutual funds, challenged a show cause notice dated 20 Augu...

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Supreme Court Allows Appeal in Customs Prosecution for Export of Antiquities — Prosecution Under Customs Act Not Barred by Antiquities and Art Treasures Act, 1972. Held that the Customs Act, 1962 applies alongside the Antiquities Act, and prosecution under Sections 132 and 135 is maintainable.

The appeal arose from a judgment of the Delhi High Court upholding the discharge of the respondent, Sharad Gandhi, from offences under Sections 132 an...

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Supreme Court Dismisses Petitions Challenging Haj Policy 2019-2023 for Haj Group Organisers. The Court upheld the policy as reasonable and non-arbitrary, finding that it was formulated after due consultation and in public interest.

The judgment concerns a challenge to the Haj Policy 2019-2023 for Haj Group Organisers (HGOs) framed by the Government of India. The petitioners, incl...

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Bombay High Court Quashes Cancellation of Export Authorization Registration Certificates in Cotton Export Case — Violation of Natural Justice. Registration Certificates Cancelled Without Show Cause Notice or Hearing, Violating Principles of Natural Justice Under Foreign Trade Policy.

The petitioners, M/s. Euroflax Industries and Shri Anuj Mittal, were engaged in the export of raw cotton to Hong Kong and China. On 17 August 2010, th...

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Bombay High Court Quashes Reopening of Ceiling Proceedings Due to Inordinate Delay and Lack of Jurisdiction. Additional Commissioner's Suo Moto Revision After 15 Years Held Invalid Under Maharashtra Agricultural Lands (Ceiling on Holdings) Act, 1961.

The petitioner, Anurat Jadhav, a resident of Salimba, filed a return under Section 12 of the Ceiling Act on 1 December 1975, showing total holding of ...

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High Court Dismisses Petitioner's Writ Petition Challenging Notice Under Section 14 of Maharashtra Agricultural Lands (Ceiling on Holdings) Act, 1961 for Non-Prosecution. Petitioner Failed to Appear or Take Steps to Prosecute the Petition, Leading to Dismissal.

The petitioner, Qader Khan s/o Ismail Khan, a resident of Parbhani district, filed a writ petition in the High Court of Judicature at Bombay, Bench at...

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Bombay High Court Allows Writ Petition Quashing Suo Moto Notice in Ceiling Act Case. Additional Commissioner's Notice Issued After 16 Years Held Without Jurisdiction Under Section 45(2) of Maharashtra Agricultural Land (Ceiling on Holdings) Act, 1961.

The petitioner, Kondabai, as legal heir of deceased Gangubai Kadam, challenged a notice dated 23.06.1992 issued by the Additional Commissioner, Aurang...