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Supreme Court Upholds Assessment of Profit from Land Transaction as Adventure in Nature of Trade. Single Transaction of Purchase and Subdivision of Estate into Plots with Resale Held to Constitute Business Profit Under Section 34(1)(a) of Income-tax Act, 1922.

The assessee, P. M. Mohammad Meerakhan, entered into an agreement on 15th August 1955 to purchase 477.71 acres of land called Kuttikal Estate for Rs. ...

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Bombay High Court Allows Writ Petition Against Registrar’s Order Refusing Permission Under Maharashtra Cooperative Societies Act, 1970 to Sue Liquidator. Court Holds That Permission Under Section 107 is a Formality and Registrar Must Not Consider Merits of the Employees’ Wage Claim.

The dispute arose when 83 former employees of the Amravati Growers’ Cooperative Spinning Mills Ltd. sought permission under Section 107 of the Mahar...

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Bombay High Court Dismisses Section 9 Petition for Lack of Territorial Jurisdiction in Arbitration Dispute Over Thane Property. Court Holds That Cause of Action Arose in Thane, Not Mumbai, Despite Agreement Execution in Mumbai.

The petitioners, Navin Makhija and others, filed an Arbitration Petition under Section 9 of the Arbitration and Conciliation Act, 1996, seeking interi...

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Bombay High Court Pronounced Judgment on Writ Petition Against Refusal of Stamp Duty Refund Under Maharashtra Stamp Act, 1958. Limitation Dispute Under Section 48(3) Due to Correction of Applicant's Name Beyond Six Months.

The writ petition was filed by Freedom City Ventures, a partnership firm, seeking to quash the order dated 21st June 2014 passed by the Inspector Gene...

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Plaintiff’s Suit for Property Possession Upheld. Court Rules in Favor of Plaintiff’s Ownership Claim Despite Defendants’ Incomplete Sale Agreement Defense

This appeal was filed against the judgment and decree of the 2nd Ad-hoc Additional District Judge, Wardha, which overturned the decision of the Civil ...