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High Court of Karnataka Dismisses Revenue's Appeal in Income Tax Case — Tribunal's Deletion of Rental Income Addition Upheld. Rental income from property held as stock-in-trade is assessable under 'Income from House Property' and not 'Business Income' as per Section 22 of the Income Tax Act, 1961.

The present appeal was filed by the Revenue under Section 260-A of the Income Tax Act, 1961, against the order dated 27.02.2015 passed by the Income T...

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Bombay High Court Allows Mutation of Co-operative Society's Name in Revenue Records Without Collector's NOC. The court held that insistence on NOC for mutation of a society's name in revenue records for land granted under Rule 43 of Bombay Land Revenue Rules, 1921 is without authority of law.

The petitioner, Basant Vihar Co-operative Housing Society Limited, challenged a letter dated 16 February 2021 from the City Survey Officer (CSO), Chem...

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Bombay High Court Dismisses Society's Petition Challenging Membership of Garage Owners. Co-operative Housing Society Cannot Deny Membership to Garage Owner Under Section 22 of Maharashtra Co-operative Societies Act, 1960 Despite Bye-law Restriction.

The Petitioner, Mistry Park CHS Ltd., a co-operative housing society, challenged the orders of the Deputy Registrar and Divisional Joint Registrar dir...

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Supreme Court Upholds Reference in Chartered Accountants Act Case Due to Misconduct as Court-Appointed Liquidator. Professional Misconduct Includes Conduct Rendering Member Unfit Under Section 22 of Chartered Accountants Act, 1949.

The Supreme Court considered an appeal by the Council of the Institute of Chartered Accountants against an order of the High Court rejecting a referen...

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Madras High Court Delivers Common Judgment in Batch of Writ Appeals Involving Employment Claims of BHEL Apprentices. Appeals Challenge Dismissal of Writ Petitions on Grounds of Change in Recruitment Policy and Applicability of Apprentices Act, 1961.

This common judgment concerned a batch of writ appeals filed by individuals who completed apprentice training at Bharat Heavy Electricals Limited (BHE...