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Madras High Court Dismisses Revenue's Appeal in Capital Gains vs Business Profits Dispute. Profit on Sale of Land Held as Capital Gains Where Assessee Not in Property Development Business.

The case involves an appeal by the Commissioner of Income Tax against an order of the Income Tax Appellate Tribunal for assessment year 2004-05. The a...

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High Court of Karnataka Quashes State Order Removing Lands from Mining Lease in Mineral Auction Dispute. Transfer of Mining Lease Valid Under Rule 22(6) of MCR 1960, State Cannot Unilaterally Excise Lease Area for Auction Without Following Due Process.

The petitioner, M/s. J.K. Cement Limited, held a mining lease (ML No. 2344A) over certain lands in Metagudda Village, Mudhol Taluk, Bagalkot District,...

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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 Acquits Accused in Murder Case Due to Lack of Credible Evidence and Failure to Prove Guilt Beyond Reasonable Doubt. Conviction under Section 302 IPC for Murder of Wife Set Aside as Prosecution Failed to Establish Chain of Circumstances.

The appellant, Ramesh Nandu Surun, was convicted by the 3rd Additional Sessions Judge, Thane, for the murder of his wife Sita Surum under Section 302 ...

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Bombay High Court Allows Appeal Against Admission of Winding Up Petition Due to Company's Ability to Secure Debt. Section 434(1)(a) of Companies Act, 1956 Requires Creditor to Consider Offer of Security Before Deeming Company Unable to Pay Debts.

The appeal was filed by Stonemann Royale Limited against an order dated 19 March 2018 made by the learned Company Judge admitting and ordering adverti...

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High Court of Karnataka Quashes Age-Limit Proviso for MBBS/BDS Admission in Karnataka NEET UG 2018. The proviso requiring candidates to have passed SSLC/10th standard examination in the State of Karnataka is struck down as ultra vires Article 14 of the Constitution.

The petitioner, Mylepalle Vaibhavi, a candidate who registered with the Karnataka Examinations Authority for admission to MBBS/BDS courses under the K...

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Bombay High Court Allows Petitions of Municipal Workers Challenging Reversion to Original Posts. Corporation's action of reverting Safai Kamgars who worked as clerks for years held illegal without following principles of natural justice and without considering the 2005 Resolution.

The Bombay High Court allowed a group of writ petitions filed by employees of Bhiwandi Nizampura City Municipal Corporation challenging their reversio...

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High Court of Karnataka Dismisses Winding-Up Petition Against Kingfisher Airlines Ltd. for Lack of Service of Statutory Notice. Petition under Sections 433(e) and (f) of the Companies Act, 1956 fails as petitioner Aerotron Limited did not prove service of demand notice under Section 434.

The petitioner, Aerotron Limited, a company incorporated under the laws of England and Wales, filed a winding-up petition under Sections 433(e) and (f...

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High Court of Karnataka Allows Winding Up Petition Against Airline Company for Inability to Pay Debts Under Companies Act, 1956. The court held that the company was commercially insolvent and unable to pay its debts, and appointed the Official Liquidator to take charge of its assets.

The petitioner, Aerotron Limited, a company incorporated under the laws of England and Wales, filed a company petition under Sections 433(e) and (f) r...