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NCLAT Upholds Sale of Corporate Debtor as Going Concern in Liquidation — Confirms Immunity Under Section 32A IBC. Liquidator's Application for Confirmation of Sale and Immunity Allowed Despite Objections from Suspended Directors.

The appeal arose from a common order dated 27.09.2024 passed by the NCLT, Chennai, in IA(IBC)/415/2024, IA(IBC)/1701/2023, and IA(IBC)/1757/2023 in th...

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"Supreme Court of India Resolves Complexities in Taxation of Mineral Rights" "Judgment Clarifies Legislative Powers and the Nature of Royalty in Mining Sector"

The Supreme Court of India addressed a significant dispute regarding the distribution of legislative powers between the Union and the States, specific...

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Supreme Court Allows Revenue's Appeal in Transfer Pricing Case — CBDT Instruction Not Mandatory. Assessing Officer's Power to Determine Arm's Length Price Under Section 92C(3) Upheld Despite Non-Reference to TPO.

The case involves an appeal by the Principal Commissioner of Income Tax-4, Mumbai against the judgment of the Bombay High Court which dismissed the Re...

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Bombay High Court Allows Insurance Company's Appeal in Motor Accident Claim — Reduces Compensation Due to Contributory Negligence of Deceased. The Court apportioned liability 50:50 between the car driver and the truck driver, reducing the insurer's liability from full award to 50%.

The case arises from a motor accident claim filed by the legal representatives of a deceased pillion rider. The deceased was riding pillion on a motor...

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High Court of Bombay at Goa Allows Insurance Company's Appeal in Motor Accident Claim Due to Lack of Evidence of Negligence and Wrong Multiplier Application. The court held that the claimant failed to prove rashness and negligence, and the multiplier should be based on the father's age, not the deceased's.

The case involves an appeal by National Insurance Co. Ltd against a judgment and award dated 07.07.2015 passed by the Motor Accident Claims Tribunal i...

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Bombay High Court Allows Petition Challenging Reopening of Assessment Under Section 148 of Income Tax Act, 1961 — Reopening Based on Mere Change of Opinion Without Fresh Material Held Invalid.

The petitioner, M/s. Rabo India Finance Limited, challenged the reopening of its income tax assessment for Assessment Year 2006-07 under Section 148 o...

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Bombay High Court Allows Writ Petition Against Octroi Levy on Concentrate Used in Carbonated Beverages. Court Holds That Concentrate Is Not 'Sweetened Aerated Water' Under Entry 60 of Schedule H of the Bombay Provincial Municipal Corporation Act, 1949.

The petitioner, Pepsico India Holdings Private Limited, is a company engaged in the manufacture and sale of carbonated beverages. It imports a concent...

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Bombay High Court Quashes Termination of Deputy Manager in Indian Airlines Case Due to Lapsed Regulations and Violation of Natural Justice. Regulation 13 of Indian Airlines Service Regulations Held Void for Absence of Enquiry and Principles of Natural Justice.

The petitioner, Prabha D. Kannan, a former Deputy Manager (In Flight Services) of Indian Airlines Ltd., challenged her termination from service by an ...