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Supreme Court Upholds High Court in Capital Gains Tax Case — Accrual Occurs on Date of Award, Not Notification. Transfer of Capital Asset Under Section 45 of Income-tax Act, 1961 Is Complete Only When Compensation Is Determined by Collector's Award, Even if Possession Taken Earlier.

The case concerns the assessment year 1971-1972 for the assessee Amrik Singh HUF, whose land was acquired by the Haryana Government for a college play...

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Bombay High Court Quashes Criminal Proceedings in Cheating Case Due to Civil Nature of Dispute. Failure to Perform Contractual Obligations Does Not Attract Criminal Liability Under Sections 406 and 420 IPC Without Proof of Fraudulent Intent at Inception.

The case involves a criminal writ petition filed by V.B. Padode and M/s. Dataline and Research Technologies (I) Ltd. (the petitioners) challenging the...

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Bombay High Court Dismisses Suit for Specific Performance of Oral Agreement to Sell Flat. Oral Agreement for Sale of Immovable Property Not Enforceable Due to Lack of Written Contract and Part Performance Under Section 53A of Transfer of Property Act, 1882.

The plaintiff, Nirav Deepak Modi, filed a suit for specific performance of an oral agreement allegedly entered into with defendant No.1, Najoo Behram ...

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Bombay High Court Grants Interim Injunction Against Unauthorized Distribution of Marathi Dramatical Work. Copyright in cinematograph film of dramatic work vests in producer, and unauthorized sale of video copies constitutes infringement under Copyright Act, 1957.

The plaintiffs, Mr. Dilip Jadhav (plaintiff no.1) and Marathi Natyavyavasayik Nirmata Sangh (plaintiff no.2), filed a suit seeking to restrain the def...

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Bombay High Court Dismisses Appeal in Partnership Act Suit — Unregistered Firm Cannot Sue for Injunction. Section 69(2)(a) of Indian Partnership Act, 1932 bars suit by unregistered firm for enforcement of rights arising from contract.

The appellants, Abdul Jabar Mohammed Ishaq and another, were the original plaintiffs who filed a suit in the City Civil Court at Bombay against ten de...