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Bombay High Court Quashes Reassessment Notices in Income Tax Case Due to Lack of Independent Application of Mind by AO. Dividend Stripping Provision Under Section 94(7) of Income Tax Act, 1961 Not Applicable Where Assessee Suffered Net Loss on Sale of Mutual Fund Units Exceeding Dividend Received.

The petitioner, Karan Maheshwari, an individual investor in shares, stocks, securities, and mutual funds, challenged a show cause notice dated 20 Augu...

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Supreme Court Dismisses Corporate Debtor's Appeal Against NCLT Order Admitting Insolvency Application Under Insolvency and Bankruptcy Code, 2016. Maharashtra Act Moratorium Does Not Bar Insolvency Proceedings as Section 238 of the Code Overrides Inconsistent State Laws.

The appeal arose from the first application under the newly enacted Insolvency and Bankruptcy Code, 2016. The corporate debtor, a multi-product compan...

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High Court of Karnataka Reviews Challenge to CCI Investigation Order in Online Marketplaces Case — Petitioners Contend Lack of Prima Facie Opinion and Appreciable Adverse Effect on Competition Under Section 26(1) of Competition Act, 2002.

The dispute involves writ petitions filed by Amazon Seller Services Private Limited and Flipkart Internet Private Limited, challenging an order dated ...

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Supreme Court Orders Independent Investigation into Alleged Pegasus Spyware Surveillance to Uphold Constitutional Rights. Court Directs Expert Committee to Examine Unauthorized Use Claims, Balancing National Security Concerns with Fundamental Rights Protection Under Article 21 of the Constitution.

The Supreme Court of India addressed a batch of writ petitions concerning allegations of unauthorized surveillance using Pegasus spyware on Indian cit...

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Supreme Court Cancels Bail of Accused in Interstate Child Trafficking Case Due to Perverse High Court Orders and Absconding Accused. Bail Granted Without Considering Gravity of Offences Under Sections 363, 311, 370(5) IPC and Organized Nature of Racket.

The Supreme Court dealt with a series of appeals filed by victims' families seeking cancellation of bail granted by the Allahabad High Court to 13 acc...

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High Court of Karnataka Quashes Preliminary Investigation Report and FIR in Lokayukta Corruption Case — Lack of Sanction Under Section 197 CrPC and Section 19 PC Act. Investigation Initiated Without Valid Sanction Against Public Servant is Void Ab Initio.

The petitioner, Sri C. Mruthyunjayaswamy, a Chief Engineer in the National Highways department, filed a writ petition under Articles 226 and 227 of th...

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Bombay High Court Allows Appeals of Accused in NDPS Case Due to Non-Compliance with Sections 42 and 50 of NDPS Act. Conviction for Possession of Hashish Set Aside as Search and Seizure Were Conducted Without Proper Authorization and Without Informing Accused of Their Rights.

The case involves two criminal appeals filed by Satyawan Pagi (A1) and Vimal Singh (A2) against their conviction and sentence under Section 20(b)(ii)(...

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Karnataka High Court Quashes Registration of FIR in Non-cognizable Offence Case for Non-application of Mind by Magistrate. Permission to Investigate Criminal Intimidation Under Section 506 IPC Granted Without Recording Satisfaction Violates Requirement of Section 155(2) of CrPC.

The petitioner challenged the registration of a crime under Section 506 of the Indian Penal Code, 1860 for criminal intimidation, on the ground that t...