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Bombay High Court Rules in Favor of Insurance Corporation on Deduction of Bad Debt Reserve. Held That Crediting Reserve for Doubtful Debts Constitutes Write-Off Under Section 36(1)(vii) of Income Tax Act, 1961, and Rule 5(a) of First Schedule Does Not Apply.

In this appeal before the Bombay High Court, the assessee, a general insurance corporation, challenged the Income Tax Appellate Tribunal's decision re...

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Bombay High Court Allows Complainant's Appeal in Cheque Dishonour Case, Restores Conviction Under Section 138 of Negotiable Instruments Act, 1881. Accused's Assurance to Honour Cheque on Re-deposit Does Not Bar Prosecution When Complaint Filed Within Limitation.

The appellant, Ex-Major Uday Sathe, was the original complainant in a case under Section 138 of the Negotiable Instruments Act, 1881. He sold 50 equit...

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Supreme Court Allows Appeal of BIS Employee in Sexual Harassment Case Due to Lack of Sanction for Prosecution. Sanction for prosecution under Section 197 CrPC is mandatory for public servants acting in official capacity; refusal of sanction by competent authority renders criminal proceedings invalid.

The present criminal appeal arises from an order of the High Court of Judicature at Allahabad, Lucknow Bench, which dismissed the appellant's petition...

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Bombay High Court Allows Section 11 Applications in International Commercial Arbitration — Habitual Residence Determined at Time of Agreement. Applicant Residing in UAE at Time of Agreement Held to be Habitually Resident Outside India Under Section 2(1)(f)(i) of Arbitration and Conciliation Act, 1996.

The judgment concerns three arbitration applications filed under Section 11 of the Arbitration and Conciliation Act, 1996, by Aslam Ismail Khan Deshmu...

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High Court of Karnataka Quashes Criminal Proceedings in Dowry and Cruelty Case Due to Settlement Between Parties — Compromise Reached in Matrimonial Dispute Under Sections 498A, 323, 506, 494 IPC and DP Act

The petitioners, who are the husband and his relatives, filed a criminal petition under Section 482 of the Code of Criminal Procedure, 1973 (CrPC) bef...

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High Court of Karnataka Quashes Cognizance Order Against Bank Officials in Cheating Case Due to Lack of Prima Facie Evidence of Dishonest Intent. Allegations of Criminal Conspiracy and Forgery Against Retired Bank Managers Dismissed as Civil Dispute Over Loan Sanction.

The judgment pertains to two criminal petitions filed under Section 482 of the Code of Criminal Procedure, 1973, seeking quashing of the order dated 2...

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High Court of Karnataka Acquits Accused in Murder Case Due to Unreliable Testimony of Interested Witnesses and Lack of Corroboration. Conviction under Sections 143, 147, 148, 302, 307, 506 read with Section 149 IPC set aside as prosecution failed to prove guilt beyond reasonable doubt.

The appeal arises from a judgment of conviction and sentence dated 28.07.2016 passed by the learned I Addl. Sessions Judge at Vijayapur in S.C.No.163/...

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Bombay High Court Grants Bail to Applicants in Attempt to Murder Case Due to Lack of Prima Facie Evidence. Court held that Section 308(7) BNS requires specific intent to cause death, which was absent as injuries were simple and on non-vital parts.

The applicants, Vikas Rajput and Dilip Gavit, filed a bail application under Section 439 of the Code of Criminal Procedure, 1973, seeking release in c...