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Bombay High Court Dismisses Revenue's Appeal in Income Tax Classification Dispute. Rental Income from Property Held as Stock-in-Trade is Business Income, Not Income from House Property Under Section 22 of Income Tax Act, 1961.

The case involves an appeal by the Commissioner of Income Tax against the order of the Income Tax Appellate Tribunal (ITAT) which held that the rent a...

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Bombay High Court Adjudicates Section 34 Petition Against Arbitral Award on Termination and Repudiation of Master Asset Purchase Agreement. Arbitrator's Finding of Repudiation by Purchaser and Direction for Refund of Consideration under MAPA Considered.

The dispute arose from a Master Asset Purchase Agreement (MAPA) dated 31st March 2005 between Siddhivinayak Realties Pvt. Ltd. as purchaser and V Hote...

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Bombay High Court Allows Writ Petition Challenging Demolition and Corrigendum in Land Acquisition Matter — Restoration of Status Quo Ante Ordered. Court held that demolition without notice and corrigendum reducing compensation without opportunity of hearing violated principles of natural justice.

The petitioners, Prakash G. Patel and Kalpanaben Prakashbhai Patel, filed a writ petition before the Bombay High Court challenging the illegal partial...

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Bombay High Court Considers Quashing of FIR for Cheating and Breach of Trust in Hotel Booking Contract. Petitioners Argue Civil Dispute and Lack of Mens Rea in Crime No.425 of 2016 at Aurangabad.

The judgment relates to two criminal writ petitions filed before the High Court of Judicature at Bombay, Bench at Aurangabad, being Criminal Writ Peti...

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Bombay High Court Dismisses Petition Challenging Arbitral Award in Hotel Management Contract Dispute — No Interference Under Section 34 as Findings Are Plausible. Arbitrator's Finding of Breach of Contract and Award of Damages Upheld as Not Perverse or Contrary to Public Policy.

The petitioner, Hotel Corporation of India Ltd., challenged an arbitral award passed by a sole arbitrator under Section 34 of the Arbitration and Conc...

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Bombay High Court Allows Landlords' Petition in Rent Control Case — Reverses Appellate Order Dismissing Eviction Suit. Landlords' Bonafide Need for Demolition and Reconstruction Established Under Section 13(1)(hhh) of the Bombay Rents, Hotel and Lodging House Rates Control Act, 1947.

The petitioners, who are the landlords of the suit premises, filed a writ petition challenging the judgment and order of the District Judge, Solapur, ...