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High Court of Karnataka Quashes Reassessment Notice Under Section 148A(b) of Income Tax Act, 1961 for Lack of Proper Application of Mind. Notice and Order Set Aside as Show Cause Notice Did Not Disclose Reasons for Reopening Assessment Beyond Four Years.

The petitioner, Anand Kumar Somasheshekarayya Lonarmath, filed a writ petition under Articles 226 and 227 of the Constitution of India before the High...

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Joint Family Property Dispute: High Court Reaffirms Plaintiff's Half-Share in Suit Properties. Nagpur Bench of Bombay High Court Delivers Key Judgment in Complex Property Partition Case.

The Nagpur Bench of the Bombay High Court reaffirmed the plaintiff's entitlement to a half-share in the suit properties, overturning the Trial Court's...

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High Court of Bombay at Goa Dismisses Revenue's Appeal in Income Tax Case on Liquidated Damages Deduction. ITAT's deletion of disallowance of ₹6,96,00,000 as liquidated damages upheld as the expenditure was incurred in the relevant assessment year.

The case involves four tax appeals filed by the Principal Commissioner of Income Tax, Goa, under Section 260-A of the Income Tax Act, 1961, against a ...

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High Court of Bombay Dismisses Challenge to Majority Arbitral Award in Insurance Dispute — JSW Steel Ltd. v. ICICI Lombard General Insurance Company Ltd. — Challenge to Rejection of Claims Under Fire, Marine, and Business Interruption Policies Dismissed as No Patent Illegality Found.

The Petitioner, JSW Steel Ltd., engaged in steel manufacturing, had insured its plant at Toranagallu, Karnataka, under five insurance policies issued ...

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Bombay High Court Allows Medical Students to Appear for Supplementary Examination in General Surgery Despite MCI Regulations. University Regulations Prevail Over MCI Regulations as MCI Regulations are Directory Not Mandatory.

The petitioners were students prosecuting their M.B.B.S. course in colleges affiliated to the Maharashtra University of Health Sciences. They had pass...

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Bombay High Court Upholds Revenue in Income Tax Reference on HUF Income Assessment. Income from assets received on partition by a bachelor remains individual income even after marriage, as no HUF is created without blending.

The case involves a reference under Section 256(1) of the Income Tax Act, 1961, by the Income Tax Appellate Tribunal at the instance of the assessee, ...