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Bombay High Court Allows Appeal in Income Tax Case — HDPE Powder Stock Not Unexplained Investment Under Section 69. Assessee's books of accounts showing purchases and closing stock were accepted, and nature and source of investment were duly explained.

The appeal was filed by the assessee, Babulal C. Borana, a dealer in HDPE plastic powder, under Section 260A of the Income Tax Act, 1961 against the d...

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Writ Petition under Articles 226 and 227 seeking to quash CBI FIR for disproportionate assets under Prevention of Corruption Act; the court examined the scope of Section 13 and the effect of investigation delay. Final outcome not available in the provided excerpt.

The writ petition was filed by a sitting MLA and former Minister of Karnataka, who challenged the FIR registered by the Central Bureau of Investigatio...

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Supreme Court Allows Appellant in SEBI PFUTP Regulations Case Due to Non-Disclosure of Investigation Report. The Court Held That the Investigation Report Under Regulation 9 Must Be Disclosed to Ensure a Fair Hearing Under Principles of Natural Justice, as It Forms the Basis for the Show Cause Notice.

The dispute arose from a show cause notice issued by SEBI to the appellant, alleging violations of the SEBI (Prohibition of Fraudulent and Unfair Trad...

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Bombay High Court Dismisses Revenue's Writ Petition Challenging Settlement Commission's Order Allowing Settlement Application. Settlement Commission's Finding of Full and True Disclosure of Income by Assessee in Case of Alleged Bogus Purchases Upheld Under Section 245D of Income Tax Act, 1961.

The Commissioner of Income Tax, Mumbai, filed a writ petition under Article 226 of the Constitution of India challenging two orders passed by the Inco...

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Bombay High Court Grants Bail to Former Home Minister in PMLA Case — Twin Conditions Under Section 45 Not Satisfied. Applicant held entitled to bail as ED failed to demonstrate reasonable grounds for believing applicant guilty of money laundering under PMLA.

The applicant, Anil Vasantrao Deshmukh, a former Home Minister of Maharashtra, filed a bail application under the Prevention of Money Laundering Act, ...