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Bombay High Court Quashes Reopening Notice Under Section 148 of Income Tax Act for Lack of Reasonable Belief of Income Escaping Assessment. Reopening Beyond Four Years Without Fresh Material Constitutes Change of Opinion on Same Set of Facts.

The petitioner, Gateway Leasing Pvt. Ltd., a non-banking financial company registered under the Companies Act, 1956, filed a writ petition under Artic...

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Bombay High Court Allows Reference in Favor of Dealer in Sales Tax Case Regarding Packing Materials Used in Exports. Purchase Tax Not Leviable on Packing Materials Sold Along with Exported Goods Under Section 14 of Bombay Sales Tax Act, 1959.

The case involves a reference under Section 61(1) of the Bombay Sales Tax Act, 1959, at the instance of the Commissioner of Sales Tax, Maharashtra Sta...

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Bombay High Court Quashes Reopening of Assessment for UK Insurance Company in Income Tax Case — Lack of Fresh Material and Change of Opinion. Reopening under Section 147 of Income Tax Act, 1961 based on mere change of opinion without new tangible material is invalid.

The petitioner, The Prudential Assurance Company Ltd., a UK-incorporated insurance company registered as a sub-account of a Foreign Institutional Inve...

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Bombay High Court Allows Revision Application of Co-defendant in Suit for Declaration and Injunction — Deletion of Party Ordered Under Order 1 Rule 10 CPC. Co-defendant Against Whom No Relief Claimed is Not a Necessary Party.

The case involves two civil revision applications arising from a suit filed by Vidharbha Enterprises (plaintiff) against the Union of India and BSNL (...

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Bombay High Court Dismisses Winding-Up Petition Against Yahoo India Pvt. Ltd. for Lack of Creditor-Debtor Relationship. Petition under Sections 433 and 434 of the Companies Act, 1956 fails as disputed debt arises from tripartite arrangement without privity between petitioner and respondent.

The petitioner, Inflow Technologies Pvt. Ltd., filed a winding-up petition under Sections 433 and 434 of the Companies Act, 1956 against Yahoo India P...

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Bombay High Court Allows Petition Challenging Land Reservations in Development Plan Under MRTP Act. Reservations for MSEB Extension and School/Playground Quashed as Not Acquired Within 10 Years, Land Deemed De-reserved.

The petitioner, Vikramsinh Jaysingrao Ghatge, owned land bearing R.S.No.247/2/1 admeasuring 3 hectares at Kagal, District Kolhapur. The Government of ...

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Bombay High Court Allows Petition to Quash Land Reservations in Development Plan for Non-Acquisition Within Ten Years Under Section 127 of MRTP Act. Reservation for MSEB extension and school/playground lapsed due to failure to acquire land within statutory period.

The petitioner, Vikramsinh Jaysingrao Ghatge, owned land bearing R.S.No.247/2/1 admeasuring 3 hectares at Kagal, District Kolhapur. The Government of ...