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Bombay High Court Dismisses Revenue's Appeal in Slump Sale Case. Transfer of IMFL Business as Going Concern Not Subject to Capital Gains Tax Under Income Tax Act, 1961.

The case involves an appeal by the Revenue under Section 260A of the Income Tax Act, 1961 against an order of the Income Tax Appellate Tribunal (ITAT)...

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Bombay High Court Dismisses Petition Against Demolition of Dilapidated Chawl for Non-Compliance with Interim Orders. Petitioners Failed to Provide Structural Stability Certificate and Alternative Accommodation as Directed, Leading to Dismissal of Writ Petition Under Article 226.

The petitioners, five individuals residing in a chawl in Dahisar, Mumbai, filed a writ petition under Article 226 of the Constitution of India seeking...

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High Court Allows Appeal in Income Tax Case: Sales to Other STP Units Qualify as Deemed Export Under Section 10A of Income Tax Act, 1961. The court held that software development services provided to another STP unit, which ultimately exports the software, constitute export for deduction purposes.

The assessee, M/s. Tata Elxsi Limited, a registered Software Technology Park (STP) unit, claimed deduction under Section 10A of the Income Tax Act, 19...

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Bombay High Court Allows Pension Claim of Employee Transferred from Government Institute to Government Company. Holds That Pensionary Benefits Cannot Be Denied on Ground of Transfer Without Option to Retain Government Pension Under Article 14 of the Constitution.

The petitioner, Prakash Parshuram Mavlankar, was employed with the erstwhile Haffkine Institute, a government entity under the State of Maharashtra, f...

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Supreme Court Partly Allows Management’s Appeal, Confirms Ex-Gratia Bonus for Workmen but Declares Strike Unjustified. Agreement Under Section 34(3) of Payment of Bonus Act, 1965, Formed by Communication of Cabinet Decision; Strike During Conciliation Devoid of Justification.

The appeal arose from an industrial dispute between the Management of Fertilizer Corporation of India, a Central Government undertaking, and its workm...