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Income Tax Assessment of Rental Income for Leasing Companies: A Judicial Review. Evaluating the Taxable Nature of Leasing Income: Business Gains or House Property Income?

The Bombay High Court evaluated whether rental income from leasing properties should be classified as "Income from House Property" or "Income from Bus...

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"Supreme Court Decides on AERA's Right to Appeal: Can Regulatory Authorities Challenge Their Own Decisions?" "Clarifying the distinction between regulatory and quasi-judicial functions in appeal maintainability."

Authority of India (AERA) before the Supreme Court against the Telecom Disputes Settlement and Appellate Tribunal (TDSAT) under the Airport Economic R...

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Motor Accident Case: Supreme Court Awards Rs. 46.31 Lakhs Compensation to Family of Deceased After Reversing Lower Court Findings Car's Involvement in Accident Established Based on Preponderance of Probability; Compensation Awarded.

  The appeal challenged the dismissal of the claim by the Motor Accident Claims Tribunal (MACT) and the High Court. The appe...

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Suspension of Resolution Professional Confirmed by Bombay High Court. Bombay High Court dismisses the writ petition challenging the suspension of Resolution Professional’s registration for failure to perform duties as per IBC regulations.

The High Court of Bombay upheld the decision of the Disciplinary Committee of the Insolvency and Bankruptcy Board of India (IBBI) to suspend the petit...

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GST Refund Granted Due to Retrospective Amendments: Court Directs Refund Without Interest Affidavit confirms petitioner’s entitlement; amended Section 50(3) exempts interest liability.

The petitioner filed a writ petition challenging an order by the Joint Commissioner (Appeals) that declined a refund claim. Since the GST Tribunal was...

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Supreme Court Enhances Compensation for Motor Accident Victim to ₹52,31,000/- Considering 100% Functional Disability and Future Prospects. The Court increased the compensation from ₹30,99,873/- to ₹52,31,000/- due to the appellant's 100% functional disability and future medical and attendant needs.

This judgment arises from a Special Leave Petition (SLP) where the appellant, a victim of a motor vehicle accident, sought enhancement of compensation...

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Arbitration for Loan Recovery Dispute Court debates arbitration versus statutory remedies in SARFAESI and RDDB Acts. A high-stakes financial dispute under arbitration as lenders pursue alternative remedies through the SARFAESI Act.

Acts and Sections Discussed: Arbitration and Conciliation Act, 1996, particularly Section 11 (Appointment of Arbitrators) Securitization and Recon...

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"High Court Allows Director's Fraud Allegation Against Loan Sanction to Proceed in Civil Court" "Commercial Court's rejection overturned as fraud claims bypass SARFAESI Act jurisdiction."

The petitioner, against the rejection of his plaint by the Commercial Court under Order 7 Rule 11 CPC on grounds of being barred by Section 34 of the ...

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"Bombay High Court Upholds Arbitrator's Discretion on Venue of Arbitration" "Agreement on seat does not preclude venue change for procedural convenience: Bombay High Court rules in Dhule arbitration case."

The petitioner challenged the arbitrator's decision to change the arbitration venue to Aurangabad, arguing that the agreed venue per contract was Dhul...

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A Judicial Analysis of Bogus Purchases and Disallowances.

The Bombay High Court addressed three income tax appeals filed by Appellant challenging the findings of the Income Tax Appellate Tribunal (ITAT) and t...