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Bombay High Court Allows Petition Challenging SEBI Summons Under Article 227 and BNSS 2023 — Summons Issued Without Proper Application of Mind Quashed. SEBI's Power Under Section 11(2) and 11(3) of SEBI Act, 1992 Must Be Exercised with Due Application of Mind and Not as a Routine Matter.

The petitioner, Neville Tuli, an entrepreneur aged 61, filed a writ petition under Article 227 of the Constitution of India and Section 528 of the Bha...

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Bombay High Court Grants Bail to Accused in Cheating and Forgery Case Citing Parity and Long Incarceration. Investigation Complete, No Custodial Interrogation Required Under Section 439 CrPC.

The judgment pertains to bail applications filed by three applicants — Aditya Avinash Sood, Arunkumar Devnath Singh, and Vishal SurendraKumar Agarwa...

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Bombay High Court Dismisses Petition Challenging PMLA Arrest and Remand — Arrest and Remand Held Valid Under Section 19 PMLA and Section 43B CrPC. Petitioner's Custody Not Illegal as ED Complied with Procedural Requirements.

The petitioner, Sanjay Kumar Agrawal, filed a writ petition under Article 226 of the Constitution of India challenging his arrest under Section 19 of ...

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Bombay High Court Quashes Reassessment Notice Under Section 148 of Income Tax Act, 1961 for Lack of Fresh Material. Reassessment based on mere change of opinion on share premium addition under Section 68 is invalid as all material was disclosed during original assessment.

The petitioner, Rajshree Realtors Private Limited, a real estate company, filed its return of income for Assessment Year 2012-2013 declaring income of...

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High Court of Karnataka Dismisses Revenue's Appeal in Customs Case — CESTAT's Finding of Baseless Charges Upheld. Penalty Dropped as Evidence Lacked Direct Link to Respondent Under Customs Act, 1962.

The appeal was filed by the Commissioner of Customs under Section 130 of the Customs Act, 1962 against the orders of the Customs, Excise and Service T...

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Bombay High Court Grants Interim Bail to MLAs in PMLA Cases to Vote in Legislative Council Election. Right to Vote as a Constitutional Duty Prevails Over Incarceration Under PMLA.

The applicants, Mohammad Nawab Mohammad Islam Malik @ Nawab Malik and Anil Vasantrao Deshmukh, are members of the Maharashtra Legislative Assembly and...

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Bombay High Court Dismisses Writ Petition by Educational Trust Challenging State Information Commission's Order to Disclose Information Under RTI Act. Personal Information Exception Under Section 8(1)(j) of RTI Act Not Applicable as Information Relates to Public Activities of Trust.

The petitioners, Chalisgaon Education Society and its President, filed a writ petition challenging an order dated 3.7.2013 passed by the State Informa...

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High Court of Karnataka Dismisses Assessee's Appeal in Income Tax Case — Unexplained Cash Credit of Rs.40 Lakhs Confirmed as Income Under Section 68 of Income Tax Act, 1961. Assessee Failed to Prove Identity, Creditworthiness, and Genuineness of Loan Transactions.

The appellant, Shri Basayya R Nandegol, a civil contractor, filed his return of income for the assessment year 2007-08 declaring a total income of Rs....