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Bombay High Court Quashes TPO Order in Transfer Pricing Adjustment for Demerger Transaction. Held that transfer pricing provisions under Section 92 of Income Tax Act, 1961 do not apply to a demerger approved by High Court where assets and liabilities are transferred at book value without any consideration.

The petitioner, Times Global Broadcasting Company Ltd, a wholly owned subsidiary of Benett, Coleman and Company Ltd (BCCL), was engaged in distributio...

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Bombay High Court Allows Students' Petitions Challenging Admission Cancellation and Examination Debarment — Violation of Natural Justice. Institute's Decision to Cancel Admission and Bar from Examination Without Opportunity of Hearing Set Aside.

The judgment pertains to two writ petitions filed by students, Simran Inderjeet Singh Kaur and Tushar Bhupinder Kumar Batra, challenging the decision ...

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High Court of Karnataka Dismisses PIL Challenging Sale of Housing Board Site, Upholds Validity of Sale Deed and Rejects Review Petition. The court held that the petitioner lacked locus standi and the sale was validly executed by the Karnataka Housing Board in favor of the trust.

The petitioner, Mr. Adinarayanasetty, filed a writ petition under Articles 226 and 227 of the Constitution of India, styled as a public interest litig...

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Bombay High Court Upholds Railway Board's Catering Licensing Policy — License Fee and Gross Sales Share Not Arbitrary. The policy requiring licensees to pay a share of gross sales is a valid contractual term and does not violate Article 14 or Article 19(1)(g) of the Constitution.

The petitioners, various catering associations and individual licensees, challenged the Railway Board's policy dated 1st April 2013 and subsequent cir...

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"Landmark Judgment on Property Rights and Public Welfare in Mumbai" "Balancing property ownership with the collective good under India's constitutional framework."

The Supreme Court examined whether Chapter VIII-A of the MHADA Act aligns with the principles of Article 39(b) of the Indian Constitution, which aims ...

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High Court of Bombay Examines Validity of Domestic Enquiry for Fraudulent Cheque Book Issuance by Bank Employee. Court Considers Whether Principles of Natural Justice Were Followed in Disciplinary Proceedings Under Multi State Cooperative Societies Act, 2002.

The case concerns the disciplinary action taken by Bombay Mercantile Cooperative Bank Ltd. against its employee, Mohammed Saleem Shaikh. The Bank, a c...

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Bombay High Court Acquits Accused in Corruption Case Due to Invalid Sanction and Unfair Trial. Sanctioning Authority Not Examined and Contents of Sanction Order Not Proved, Rendering Conviction Unsustainable Under Sections 7 and 13(1)(d) read with 13(2) of Prevention of Corruption Act, 1988.

The appellant, Devidas Jagannath Joshi, was convicted by the Special Court (ACB), Nagpur, for offences under Section 7 and Section 13(1)(d) read with ...