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High Court of Karnataka Hears Revenue's Appeals Against ITAT Decision Favoring Assessee on Deduction of Distributable Surplus Payment to Brand Owner. Court Examines Whether Payment is Allowable Under Section 37 of Income Tax Act, 1961 or Constitutes Application of Income or Diversion by Overriding Title.

The present set of five tax appeals arises under Section 260-A of the Income Tax Act, 1961, filed by the Revenue against the common order of the Incom...

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Supreme Court Dismisses Petitions in PMLA Case, Upholding High Court's Order with Costs. High Court's dismissal of writ petitions seeking quashing of ECIR and prosecution complaint under Prevention of Money Laundering Act, 2002, was justified as petitions lacked merit and were not maintainable.

The dispute arose from petitions filed by Anoop Bartaria, Director of World Trade Park Ltd., and the company itself, challenging a common judgment and...

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Bombay High Court Allows Writ Petition Challenging Transfer of Suit for Specific Performance on Ground of Territorial Jurisdiction. Agreement Executed at Aurangabad Confers Jurisdiction Under Section 20(c) CPC, Despite Property Being in Vaijapur.

The petitioners, original plaintiffs, filed a suit for specific performance of contract of sale and perpetual injunction in the Court of Civil Judge S...

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Bombay High Court Acquits Police Sub-Inspector and Private Individual in Corruption Case Due to Unreliable Trap Witness. Conviction under Prevention of Corruption Act, 1988 set aside as sole trap witness was a stock witness and evidence lacked corroboration.

The appellants, Jawansingh Ramsingh Gaud (a Sub-Inspector of Police) and Umesh Manohar Ambre (a private individual), were convicted by the Special Jud...