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Bombay High Court Allows Co-operative Bank's Tax Appeals on TDS Exemption for Interest Paid to Members Under Section 194A(3)(v) of Income Tax Act, 1961 — Prospective Amendment Effective from 1st June, 2015 Clarifies Exemption Not Applicable to Time Deposits.

The appellant, Saraswat Co-operative Bank Ltd., filed tax appeals against orders of the Income Tax Appellate Tribunal (ITAT) for assessment years 2010...

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Supreme Court Allows Appeals of Temporary AEEs in Panchayat Raj Department — Quashes High Court Order Striking Down Regularization G.O.M. No. 262. Seniority of Pre-1994 Appointees Must Be Counted from Initial Appointment Date, Not Below Later Recruits.

The case involves appeals by temporary Assistant Executive Engineers (AEEs) appointed between 1990-1992 in the Panchayat Raj Department of Andhra Prad...

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Bombay High Court Dismisses Petition Challenging Demolition Order for Unauthorized Construction on Municipal Land. The court held that the petitioner had no legal right to the land and the demolition order was valid under the Mumbai Municipal Corporation Act, 1888.

The petitioner, Manish Estates Pvt. Ltd., filed a writ petition challenging the demolition order dated 6th October 2010 passed by the Deputy Chief Eng...

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Bombay High Court Adjudicates Section 34 Petition Against Arbitral Award in Partnership Retirement Dispute. The Court Examines Whether the Arbitrator Erred in Rejecting Petitioners' Claims and Imposing Costs Under the Arbitration and Conciliation Act, 1996.

Background: The dispute arose out of a partnership firm, M/s. Prospective Traders, constituted in 1977 by three family trusts. In 1985, the petitioner...