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Supreme Court Disposes of Appeals by Authority for Advance Rulings Against High Court Judgment Quashing AAR's Rejection of Treaty Benefits. Questions Raised on Taxation of Capital Gains Under India-Mauritius DTAA and Scope of Section 245R(2) Proviso (iii) of Income Tax Act, 1961.

The disputes arose from applications for advance ruling filed by three Mauritius-incorporated companies—Tiger Global International II Holdings, Tige...

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High Court of Bombay Delivers Judgment in Writ Petition Challenging Revocation of Slaughter Licenses by Municipal Corporation; Questions of Arbitrariness and Natural Justice Violation Examined Under Mumbai Municipal Corporation Act, 1888.

The Bombay Suburban Khatik Association, an association of butchers and mutton vendors, filed a writ petition under Article 226 of the Constitution cha...

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Bombay High Court Quashes Industrial Tribunal Award in Wage Reference Due to Failure to Apply Settled Principles. The Court Remands the Proceedings for Fresh Adjudication, Holding That Both Region-cum-Industry and Parity Principles Were Not Properly Followed.

This judgment from the Bombay High Court concerns three writ petitions challenging an award of the Industrial Tribunal in a wage reference between Hin...

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Supreme Court Clarifies Scope of Merger Control Disclosure Obligations and Limits of CCI's Powers After Approval. The Court Emphasizes That CCI's Authority Must Be Traced to the Act and That Disclosure Must Present the Transaction in Substance.

The case arises from an appeal under Section 53T of the Competition Act, 2002, filed by Amazon.com NV Investment Holdings LLC before the Supreme Court...

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High Court of Karnataka Hears Batch of Quashing Petitions in Illegal Sand Mining Cases. Common Legal Issue Involves Registration of Offences Under Both MMRD Act and IPC.

The High Court of Karnataka, Dharwad Bench, heard a batch of twelve criminal petitions filed under Section 482 of the Code of Criminal Procedure, 1973...

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Supreme Court Upholds SEBI Order Against Corporate Giant in Futures Manipulation Case. The Court held that cornering 93.63% open interest through agents and dumping shares to depress settlement price constituted fraud under PFUTP Regulations.

The case involves appeals by Reliance Industries Limited (RIL) against orders of the Securities Appellate Tribunal (SAT) which upheld SEBI's findings ...