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Bombay High Court Quashes Reassessment Notice in Income Tax Case for Lack of Fresh Material. Reopening of Assessment Under Section 147 of Income Tax Act, 1961 Invalid When Based on Same Material Already Considered in Original Assessment.

The petitioner, Siemens Financial Services Pvt Ltd, a Non-Banking Finance Company registered with RBI, filed its return of income for Assessment Year ...

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Bombay High Court Dismisses Petition Seeking Voting Rights for APMC Representatives in Legislative Council Elections. Agricultural Produce Market Committee Not a Local Authority Under Article 171 of the Constitution of India.

The petitioner, Radhakishan Deorao Pathade, Chairman of the Super Agricultural Produce Market Committee (APMC), Aurangabad, filed a writ petition seek...

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Bombay High Court Allows Landowner's Petition for Release of Land from Reservation Under MRTP Act Due to Non-Acquisition for Over 45 Years. Land Reserved for Garden and Ring Road Since 1958 Deemed Released as Authority Failed to Act Within Six Months of Section 127 Notice.

The petitioner, Rajendra Rameshwardas Gindodiya, owned land Survey No.569/1 admeasuring 2 hectares and 12 ares in Dhule, which was ancestral property....

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Supreme Court Remands Income Tax Reference to High Court for Improper Conditional Disposal. High Court Erred by Basing Answers on Pending Appeals Instead of Determining Issues of Capital Gains and Dividend on Facts.

The appeal arose from a reference under the Income-tax Act, 1922. The assessee, a shareholder of a company, had received distributions out of land acq...

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High Court of Bombay at Goa Dismisses Village Panchayat's Writ Petitions as Not Maintainable Against Orders of Additional Director of Panchayats Under Goa Panchayat Raj Act, 1994 — Panchayat Cannot Challenge Appellate Orders Passed Under Section 66(7) of the Act.

The High Court of Bombay at Goa was hearing two writ petitions filed by Village Panchayats of Sancoale and Bastora against orders passed by the Additi...

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Supreme Court Allows Appeal in MPID Act Deposit Dispute — High Court Erred in Treating Investment as Loan Transaction. The court held that amounts advanced with promise of interest constitute 'deposit' under Section 2(c) of MPID Act, and failure to repay amounts to 'fraudulent default' under Section 3.

The present appeal arises from a judgment of the Bombay High Court dismissing the appellants' Criminal Revision Application under the MPID Act. The ap...

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Supreme Court Dismisses State Appeals Against Grant-in-Aid Claims Under Repealed 1994 Order. Employees of Non-Government Educational Institutions Entitled to Grant-in-Aid Despite Repeal of Orissa (Non Government Colleges, Junior Colleges and Higher Secondary Schools) Grant-in-Aid Order, 1994.

The case involves a batch of civil appeals filed by the State of Odisha against various respondents, who are employees of non-government educational i...