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Bombay High Court Allows Depreciation on Original Cost in Amalgamation Case Under Rule 10 of Income Tax Rules. Notional Depreciation to Non-Resident Parent Does Not Reduce Written Down Value for Successor Company.

The case involves an Income Tax Reference under section 256(1) of the Income Tax Act, 1961, arising from the assessment years 1976-77, 1977-78, and 19...

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Supreme Court Dismisses Appeals by Liquidators Challenging Benami Act Attachment Orders, Upholds NCLAT Ruling that IBC Authorities Lack Jurisdiction to Entertain Challenges to Benami Act Orders During Insolvency Proceedings

The Supreme Court dismissed a batch of civil appeals filed by liquidators challenging provisional attachment orders issued under the Prohibition of Be...

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Supreme Court Upholds Conviction for Attempt to Murder in Concurrent Findings Case. Court declines to interfere with concurrent findings of fact based on credible eyewitness testimony and medical evidence under Section 307 IPC.

The case involves three criminal appeals against a common judgment of the Punjab & Haryana High Court dated 16.08.2010, which dismissed the appeals of...

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Karnataka High Court Quashes Penal Back Billing Order in Electricity Theft Case — No Evidence of Tampering or Pilferage. Mere Fluctuation in Load Factor Does Not Attract Penal Provisions Under Clause 42.05 of Conditions of Supply of Electricity.

The petitioner, M/s Eureka Forbes Limited, a public limited company, owned a composite premises in Bommasandra Industrial Area, Bengaluru. In 2007, it...

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Bombay High Court Dismisses Husband's Appeals Against Restitution of Conjugal Rights Decree and Dismissal of Divorce Petition. Husband Failed to Prove Cruelty or Desertion; Wife's Refusal to Stay with In-Laws Not Unreasonable.

The case involves two appeals filed by the husband, Rakesh Jaiswal, against the judgments of the Family Court, Aurangabad. The first appeal (FCA No. 8...