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High Court of Judicature at Bombay Upholds Arbitral Award in Favor of Oil Corporation in Kerosene Supply Contract Dispute. Arbitrator Had Rejected Limitation Defense Under Contractual Clause and Held Clause Not Void Under Section 28 of Indian Contract Act.

The matter arose from an arbitration petition under Section 34 of the Arbitration and Conciliation Act, 1996, filed by the original respondent in the ...

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Supreme Court Dismisses Appeals of Beneficiaries of Wakf Estate in Wealth Tax Matter, Upholding Assessment as 'Asset'. Right to Receive Income Share from Wakf-alal-aulad is Property Assessable Under Section 2(e) of Wealth Tax Act, 1957.

The Supreme Court of India heard appeals by the beneficiaries of a wakf-alal-aulad against the inclusion of their right to receive a share of the net ...

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Supreme Court Dismisses Appeal Against Levy of Timber Tax Under Calicut City Municipal Act 1961. Court Holds Section 126 Must Be Read Down to Tax Only Entry of Timber for Consumption, Use or Sale Within Municipal Limits, Consistent with Entry 52 List II Constitution.

The appeals arose from a group of petitions filed before the Kerala High Court challenging the levy of 'timber tax' by the Corporation of Calicut unde...

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Supreme Court Dismisses Appeals by Accused in Smuggling Case; Customs Officers Held Not to Be Police Officers Under Section 25 Evidence Act. Confessional Statements to Customs Officers Admissible; No Violation of Article 20(3) as Accused Not Formally Accused During Inquiry Stage.

The Assistant Collector of Customs filed a complaint against Romesh Chandra Mehta and four others for conspiracy under section 120-B of the Indian Pen...

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High Court Rules on Unlawful Subletting: Transfer of Tenancy Disguised as Business Sale Invalid. Court highlights the misuse of tenancy rights and emphasizes protection of landlords under Bombay Rent Act.

The Bombay High Court ruled in favor of the petitioner, legal heirs, in a long-standing eviction dispute regarding unlawful subletting of commercial p...

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Supreme Court Allows NCDC's Appeal in Income Tax Dispute Over Deduction of Grants as Revenue Expenditure. Grants disbursed by a statutory corporation as part of its business are deductible under Section 37 of the Income Tax Act, 1961, regardless of the capital nature of the source funds.

The National Co-operative Development Corporation (NCDC), established under the National Co-operative Development Corporation Act, 1962, is a statutor...