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Madras High Court Allows MRF Ltd. Appeal on Fringe Benefit Tax for Medical Reimbursement. Medical Reimbursement up to Rs.15,000 per Employee per Annum Not Chargeable to Fringe Benefit Tax Under Section 115WB(2) of Income Tax Act, 1961.

The appellant, MRF Ltd., a company manufacturing automobile tyres and rubber products, filed Tax Case Appeals under Section 260A of the Income Tax Act...

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High Court of Karnataka Allows Appeal in Income Tax Case — Disallows Reopening of Assessment Beyond Four Years Without Failure to Disclose Material Facts. Section 147 of Income Tax Act, 1961 Requires Full and True Disclosure for Reopening After Four Years.

The appellant, M/s. Safina Hotels Private Limited, filed its return of income for the assessment year 2001-02. The assessment was completed under Sect...

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Bombay High Court Allows CBSE Class 10 Student to Appear for Compartment Exam Despite Missing Regular Exam Due to Medical Reasons. Clause 41.2 of CBSE Bye-laws restricting eligibility for compartment exam to only those who appeared in regular exam is struck down as arbitrary and violative of Article 14.

The petitioner, a 16-year-old girl student of Class 10, challenged Clause 41.2 of the CBSE Examination Bye-laws and a Circular dated 12.08.2020 which ...

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Bombay High Court Hears Petition to Set Aside Arbitral Award Directing Indemnity for Depreciation Disallowance. Petitioners Argue that Clause 14 of Lease Agreement Does Not Cover Income Tax Depreciation Denial and Rely on Identical Clause Interpretation in Prior Judgment.

The dispute arose from a lease agreement executed in 1997 between Borosil Glass Works Limited (lessee/petitioner) and Tata Motors Limited (lessor/resp...

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High Court of Karnataka Allows Revision Petitions in White Oats Tax Exemption Case — Commodity Held Exempt Under Entry 16 of KVAT Act, 2003. White Oats Classified as 'Cereals' and 'Food Grains' Entitled to Exemption Despite Processing.

The case involves a batch of 48 revision petitions filed by M/s Pioneer Trading, a partnership firm represented by its partner Smt. Sheela Venkatesh, ...

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High Court of Karnataka, Kalaburagi Bench Adjudicates Regular First Appeal in Partition Suit Concerning Re-granted Walikaraki Lands Under KVOA Act. Core Issue: Junior Family Members’ Entitlement to Share in Lands Re-granted to Senior Branch After Abolition of Village Office.

The dispute pertains to a suit for partition filed by the respondents/plaintiffs against the appellants/defendants regarding agricultural lands and ho...