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Bombay High Court Hears Petition to Set Aside Arbitral Award Directing Indemnity for Depreciation Disallowance. Petitioners Argue that Clause 14 of Lease Agreement Does Not Cover Income Tax Depreciation Denial and Rely on Identical Clause Interpretation in Prior Judgment.

The dispute arose from a lease agreement executed in 1997 between Borosil Glass Works Limited (lessee/petitioner) and Tata Motors Limited (lessor/resp...

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High Court Dismisses PIL Seeking Debarment of Retired CCI Officials from Legal Practice — No Cause of Action or Public Interest Established. Petition fails to demonstrate any legal right or public injury warranting interference under Article 226 of the Constitution of India.

The petitioner, Dr. Savio Pereira, filed a writ petition purportedly as a public interest litigation before the High Court of Karnataka at Bengaluru. ...

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Supreme Court Allows Appeal Against Gujarat High Court's Order Requiring Certificate for Letters Patent Appeal. Single Judge Judgment in Transferred First Appeal Held Appealable Without Certificate Under Clause 15 of Letters Patent After Merger of Saurashtra High Court.

The dispute arose out of a civil suit for recovery of money filed by the appellant in 1951 in a court in Saurashtra. The suit was decreed by the trial...

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Bombay High Court Upholds Constitution of Special Bench by ITAT President on CBDT Request in Income Tax Appeal. Power under Section 255(3) of Income Tax Act is Administrative and Not Subject to Prior Hearing or Natural Justice.

The petitioner, M/s Jagati Publications Ltd., a public limited company publishing a Telugu newspaper, filed a writ petition in the Bombay High Court c...

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High Court of Karnataka Examines Validity of Notification Imposing Forest Development Tax under Karnataka Forest Act, 1963 — Multiple Mining Companies Challenge the Levy as Ultra Vires the Constitution and Forest Laws.

The matter involved a batch of writ petitions filed before the High Court of Karnataka by various mining companies, individuals, and an industry assoc...

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Supreme Court Adjudicates Tax Treatment of Compensation for Partial Termination of Selling Agency under Income Tax Act, 1922. The Court considered whether the sum received by the assessee for termination of agency rights outside Hyderabad State constituted a capital receipt or revenue receipt.

Background: The case involved the income tax assessment of the respondent, a registered firm carrying on business as selling agents and distributors o...