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Bombay High Court Allows Appeal in Income Tax Case — Reassessment Notice Invalid Beyond Four Years Without Allegation of Non-Disclosure. Arbitration Award Receipt Held as Capital Receipt, Not Income Under Section 147 of the Income Tax Act, 1961.

The appellant, Ramona Pinto, an individual, filed an appeal under Section 260A of the Income Tax Act, 1961, against an order dated 2nd April 2018 pass...

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Bombay High Court Dismisses Petitions Challenging Property Tax Reassessment Under Maharashtra Municipal Corporation Act, 1949 — Reassessment Based on Capital Value Method Upheld as Valid Exercise of Statutory Power.

The petitioner, Satguru Corporate Services Pvt. Ltd., filed two writ petitions challenging the reassessment of property tax by the Additional Collecto...

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Supreme Court Allows Appeal in Income Tax Deduction Case for Pharmaceutical Freebies. Expenses on Gifting Freebies to Medical Practitioners Are Deductible Under Section 37(1) of Income Tax Act, 1961, as Indian Medical Council Regulations Only Prohibit Acceptance, Not Gifting, Under Explanation 1.

The dispute involved a pharmaceutical company, referred to as Apex, appealing against a High Court judgment that upheld orders disallowing part of its...

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Bombay High Court Dismisses Promoter's Second Appeal in RERA Case for Non-Compliance with Pre-Deposit Order. Pre-deposit under Section 43(5) of RERA is mandatory; failure to deposit results in dismissal of appeal under Section 44.

The case involves a second appeal filed by M/s Renaissance Infrastructure and others (the promoter) against the dismissal of their appeal under Sectio...

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Bombay High Court Dismisses Writ Petition Challenging DRT Recovery Officer's Confirmation of Private Sale. Court Holds That Once Sale Is Confirmed and Possession Delivered, Remedy Lies in Civil Suit for Damages, Not in Writ Jurisdiction Under Articles 226 and 227 of Constitution of India.

The petitioners, Shaikh Gulab Shaikh Ahmed and Ambadas Maruti Kale, filed a writ petition under Articles 226 and 227 of the Constitution of India chal...