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Bombay High Court Dismisses Revenue's Appeal in Keyman Insurance Premium Deduction Case. Partnership Firm's Premium on Partner's Life Insurance Held Allowable as Business Expenditure Under Section 37(1) of Income Tax Act, 1961.

The appeal by the Revenue under Section 260A of the Income Tax Act, 1961 challenged the order of the Income Tax Appellate Tribunal (ITAT) which had co...

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Bombay High Court Quashes Reopening of Assessment Under Section 148 of Income Tax Act, 1961 for Lack of Fresh Material. Reassessment Based on Mere Change of Opinion on Allowability of Deduction and Depreciation Rate is Invalid.

The petitioner, Aventis Pharma Ltd., challenged a notice dated 16th March 2009 issued under Section 148 of the Income Tax Act, 1961, seeking to reopen...

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Bombay High Court Allows Unaided Private School to Fix Fees Subject to Reasonable Regulation. Fee Fixation Must Be Transparent and Not Excessive Under Grant in Aid Code and Maharashtra Educational Institutions (Prohibition of Capitation Fee) Act, 1987.

The petitioners, Hindi Vidya Bhavan Society and another, are a society registered under the Societies' Registration Act, 1860 and a public trust under...

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Bombay High Court Allows Writ Petition Challenging Cooperative Society's Recovery Proceedings — Held That Recovery Under Section 101 of Maharashtra Cooperative Societies Act, 1960 Cannot Be Initiated Without Prior Adjudication of Dispute Under Section 91.

The petitioners, employees of a cooperative society, challenged a recovery notice issued by the District Deputy Registrar under Section 101 of the Mah...