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Bombay High Court Allows Appeal in Income Tax Capital Gains Case — Section 54F Deduction Computation Clarified. Investment in new asset before due date of filing return qualifies for exemption even if return is filed late.

The appellant, Humayun Suleman Merchant, sold a plot of land in Mumbai on 29th April 1995 for Rs.85,33,250/-, resulting in a long-term capital gain. T...

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NCLAT Considers Appeals by Unsuccessful Resolution Applicants Against Approval of Resolution Plan for Reliance Broadcast Network. Appeals Challenge NCLT Mumbai Orders Dismissing Objections to Challenge Process and Approving Sapphire Media Ltd.’s Plan.

This case involves five company appeals filed before the National Company Law Appellate Tribunal, Principal Bench, New Delhi, arising out of the corpo...

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High Court of Karnataka Enhances Compensation in Motor Accident Claim; Directs Reliance on Income Tax Returns as Statutory Proof of Income. Tribunal Erred in Rejecting ITRs for Want of Educational Certificates; Compensation Recalculated Based on Average of Three Assessment Years' Income.

The appeal arose out of a motor accident claim in which the husband and two minor children of the deceased sought enhancement of compensation awarded ...

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Supreme Court Hears Civil Appeals Challenging High Court's Validation of Kamal Vihar Township Development Scheme. Core Legal Question is Whether Scheme Violates Constitution (73rd and 74th Amendments) and Statutory Provisions of M.P. (C.G.) Nagar Thatha Gram Nivesh Adhiniyam, 1973.

The Supreme Court heard a bunch of civil appeals arising from the decision of the Division Bench of the High Court of Chhattisgarh, which had upheld t...

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Bombay High Court Allows Writ Petition Challenging Rejection of Lower TDS Certificate Under Section 195(2) of Income Tax Act, 1961. Court holds that Assessing Officer must consider application on merits and cannot reject it solely because non-resident seller had not filed tax returns.

The petitioner, Rohan Developers Pvt. Ltd., a company engaged in property development, sought to purchase a 1/8th undivided share in a property from M...

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WRIT PETITION NO. 482 OF 2015

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Bombay High Court Hears Public Interest Litigation Challenging Pune Municipal Corporation's Road Through Afforested Hills Under MRTP Act and Environmental Law.

The Public Interest Litigation arose from a challenge by Nagrik Chetna Manch, a public charitable trust, against the Pune Municipal Corporation’s de...

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Bombay High Court Upholds Medical Council of India Regulations and Dismisses PwD Candidates' Challenge. Expert Disability Board Decision on Eligibility for Medical Course Held Final and Not Subject to Judicial Review.

The petitioners, three candidates with locomotor disabilities, applied for admission to the Under Graduate Medical Course under the National Eligibili...