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Bombay High Court Quashes TPO Order in Transfer Pricing Adjustment for Demerger Transaction. Held that transfer pricing provisions under Section 92 of Income Tax Act, 1961 do not apply to a demerger approved by High Court where assets and liabilities are transferred at book value without any consideration.

The petitioner, Times Global Broadcasting Company Ltd, a wholly owned subsidiary of Benett, Coleman and Company Ltd (BCCL), was engaged in distributio...

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Bombay High Court Allows Writ Petition Seeking Reference of Industrial Dispute in Employer-Employee Relationship Case. Failure Report by Conciliation Officer Sufficient to Show Existence of Dispute Under Section 10 of Industrial Disputes Act, 1947.

The petitioner, Rajesh Binkar, filed a writ petition against the Secretary, Government of India, Ministry of Labour, and the New India Assurance Co. L...

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Bombay High Court Partly Allows Appeal by MSRTC Reducing Compensation in Motor Accident Claim Due to Contributory Negligence and Multiplier Error. Claimants' compensation reduced from Rs. 7,50,000 to Rs. 5,00,000 as deceased was 50% contributorily negligent and multiplier of 13 was corrected to 12.

The appeal arises from a judgment of the Motor Accident Claims Tribunal, Jalna, in MACP No. 01/2013, awarding compensation of Rs. 7,50,000 to the clai...

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Bombay High Court Dismisses Writ Petition of Bus Conductor Challenging Dismissal for Misappropriation. Industrial Court's Revision Under Section 44 of MRTU and PULP Act, 1971 Upheld as Labour Court's Reinstatement Order Was Perverse.

The petitioner, Khanderao Punjabrao Mundhe, was employed as a bus conductor with the Maharashtra State Road Transport Corporation (MSRTC) in 1979. On ...

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Bombay High Court Allows Insurance Company's Appeal in Motor Accident Claim — Reduces Compensation Due to Contributory Negligence of Deceased. Held that contributory negligence of deceased motorcyclist must be considered when calculating compensation under Motor Vehicles Act, 1988.

The case arises from a motor accident claim filed by the respondents (original claimants) before the Motor Accident Claims Tribunal, Ahmednagar. The c...

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Bombay High Court Allows Tenants' Petition Against Demolition of Cessed Building Without Compliance with Section 354 of MMC Act and DCR 33(7) — Held that Municipal Corporation must follow statutory procedure before demolition of dilapidated buildings.

The petitioners, tenants residing in a cessed building known as Martand Prasad Building in Malad (West), Mumbai, filed a writ petition challenging the...

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Bombay High Court Partly Allows Landlords' Revision and Tenant's Challenge in Rent Dispute Under Maharashtra Rent Control Act, 1999 — Standard Rent Fixed at Rs.6,000 Per Month. Revisional Court's Determination of Standard Rent Upheld as Reasonable Based on Market Rates and Location.

The dispute pertains to two writ petitions arising from a landlord-tenant relationship concerning a shop/flat in Nagpur. The landlords, Satyanarayan a...