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Bombay High Court Quashes Reassessment Notices and Orders Under Section 153 of Income Tax Act, 1961 for Lack of Valid Sanction and Non-Application of Mind. Reassessment proceedings initiated without proper approval under Section 151(2) and based on borrowed satisfaction are invalid.

The petitioner, Ashok Commercial Enterprises, filed nine writ petitions challenging reassessment notices dated 19th July 2021 and 14th July 2021 issue...

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Supreme Court Reviews Its Own Guidelines on Arrest and Anticipatory Bail Under SC/ST Act. Directions Requiring Preliminary Enquiry and Approval for Arrest Quashed as Legislative Overreach, but Anticipatory Bail Direction Upheld.

The Union of India filed a review petition against the Supreme Court's judgment dated 20.3.2018 in Criminal Appeal No.416 of 2018, which had issued gu...

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Bombay High Court Quashes Bank's Wilful Defaulter Declaration for Violating Natural Justice. Show-cause notice lacking specific grounds renders the decision invalid under RBI Master Circular on Wilful Defaulters.

The petitioners, Nitin Shah, Rahul Shah, and Kunal Shah, who were directors of Nitin Fire Protection Industries Ltd. (the corporate debtor under CIRP)...

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Bombay High Court Examines Rebate Claim Rejection for Exported Goods under Central Excise Rules, 2002. Exporting Manufacturer Challenges Revenue's Finding of Double Benefit Owing to Simultaneous Duty Drawback on Inputs and Rebate on Finished Goods.

The petitioner, a manufacturer of Draw Texturised Yarn and Polyester Staple Fibre, exported goods during January to April 2008 after clearing them on ...

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Supreme Court Hears Civil Appeals Against NCLAT Order Dismissing Company Petition for Oppression and Mismanagement. NCLAT Had Held NCLT Lacked Jurisdiction to Decide Fraud and Coercion in Summary Proceedings, Directing Civil Suit Under Sections 31 and 34 of Specific Relief Act, 1963.

The dispute arose from a company petition filed by Mrs. Shailja Krishna, the appellant, under Sections 397 and 398 of the Companies Act, 1956, before ...