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Karnataka High Court Allows Appeal in Income Tax Case on Capital Gains Liability of Firm on Partner's Retirement. Full Bench resolves conflict under Section 45(4) of Income Tax Act, 1961 regarding liability when retiring partner receives only money for his share without distribution of assets.

The case involves an appeal under Section 260-A of the Income Tax Act, 1961, arising from an order dated 02.03.2006 in ITA No.1295/BANG/2004 for the a...

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Bombay High Court Examines Constitutional Validity of Show Cause Notices Issued Under Repealed Drugs (Prices Control) Order, 1979. Petition Challenges Recovery of Alleged DPEA Liabilities Arising Under Paragraph 7(2) of DPCO 1979 Post-Repeal, Alleging Violation of Articles 14, 265, and 300A.

The writ petition was filed by Indian Drugs Manufacturers Association and Organization of Pharmaceutical Producers of India, acting on behalf of their...

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Bombay High Court Examines Maintainability of Writ Petitions Against Air India After Privatisation. The Court Considered Whether Subsequent Events Like Privatisation Could Render Writs Non-Maintainable Under Article 226.

The matter concerned four writ petitions filed by former cabin crew members of Air India Ltd. (AIL) against their former employer and the Union of Ind...