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Bombay High Court Dismisses Revenue's Appeal in Income Tax Derivative Transaction Case. Exchange Traded Derivatives Held Not Speculative Under Section 43(5) of Income Tax Act, 1961, with Retrospective Application of Clause (d) of Proviso.

The case involves an appeal by the Commissioner of Income-tax, Central-IV against the order of the Income Tax Appellate Tribunal (ITAT) in favor of th...

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High Court of Bombay at Goa Dismisses Writ Petition Challenging Eviction Order Under Goa Rent Control Act. Tenant's Irregular Rent Payment and Subletting Justify Eviction Under Sections 22(a) and 22(b)(i) and (ii) of the Goa, Daman and Diu Buildings (Lease, Rent and Eviction) Control Act, 1968.

The petitioners, legal representatives of the deceased tenant Gurudas Narayan Salgaonkar, challenged an order dated 03/01/2014 passed by the Appellate...

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High Court Dismisses/Allows Bail to Accused in Murder Case Involving Conspiracy and Long Detention Without Trial. Scope of Section 439 CrPC and Article 21 right to speedy trial evaluated in context of parity with co-accused and threat perception.

The criminal petition was filed by accused Nos. 3 and 4 under Section 439 of the Code of Criminal Procedure, 1973 seeking bail in connection with Crim...

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High Court of Karnataka Quashes Consumer Forum Notice Against Restaurant Company for Lack of Consumer Relationship. Petitioner Company not a 'Consumer' under Section 2(1)(d) of Consumer Protection Act, 1986 as the respondent was not a consumer of its services.

The petitioner, M/s Vasudeva Adiga's Fast Food Pvt Ltd, a company incorporated under the Companies Act, 1956, running vegetarian restaurants in Bangal...

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Supreme Court Allows Management Appeals in Double Overtime Allowance Case for Supervisors. Supervisors Not Entitled to Double Over Time Allowance Under Service Rules.

The case pertains to a dispute over the entitlement of Double Over Time Allowance to employees working as Supervisors in the Security Printing & Minti...