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Bombay High Court Allows Writ Petitions Challenging Transfer Pricing Adjustments in Income Tax Assessments. Petitioner succeeds as TPO's order was passed without proper opportunity of hearing and without considering relevant material.

The Bombay High Court disposed of two writ petitions concerning assessment years 2010-11 and 2009-10, where the petitioner, M/s. CWT India Private Lim...

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Writ Petition Challenging Review Orders on MVAT Refund Adjustments Quashed by Bombay High Court. Bombay High Court invalidates review orders under Section 15 of the Maharashtra Settlement of Arrears of Taxes Act due to lack of jurisdiction, directing refund of Rs. 2.72 crores with interest.

The Bombay High Court quashed review orders issued under Section 15 of the Maharashtra Settlement of Arrears of Taxes Act, 2022 (Settlement Act). The ...

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Supreme Court Dismisses Revenue Appeal on Deduction for Bank's Settlement of Claims for Stolen Pledged Jewellery. Payment to Constituents for Stolen Jewellery Held Allowable as Business Expenditure Under Section 10(2)(xv) of Indian Income-tax Act, 1922.

The case concerned a claim for deduction under Section 10(2)(xv) of the Indian Income-tax Act, 1922 by a bank for amounts paid to constituents whose p...

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High Court of Karnataka Adjudicates Multiple Appeals and Cross-Objections Challenging Compensation Awards in Land Acquisition Matters. The Court Determined Market Value of Lands Acquired for a Minor Irrigation Tank in Kakhandaki Village, Bijapur District.

In the High Court of Karnataka, Kalaburagi Bench, a conglomeration of appeals and cross-objections under the Land Acquisition Act, 1894 challenged the...

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High Court of Karnataka Passed Judgment in Appeals Filed Under Section 54(1) of Land Acquisition Act, 1894. The Court Considered Challenges by State and Landowners Against Reference Court's Compensation Determination for Lands Acquired for Minor Irrigation Tank.

The case involves multiple appeals and cross-objections filed under Section 54(1) of the Land Acquisition Act, 1894, and Order 41 Rule 22 of the Code ...

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Supreme Court Allows State Bank of India's Appeal Against High Court Order Setting Aside Salary Revision for Officer Posted Abroad. Contractual Clause Permitting Revision of Salary Upheld as Binding Under Section 18 of State Bank of India Act, 1955.

The Supreme Court allowed the appeal filed by the State Bank of India and others against the judgment of the Bombay High Court. The respondent, Ravind...