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Bombay High Court Dismisses Revenue's Appeal in Ship Breaking Scrap Addition Case. ITAT's deletion of addition upheld as based on proper appreciation of evidence and industry practice.

The case involves an appeal by the Commissioner of Income Tax (Revenue) under Section 260A of the Income Tax Act, 1961, against an order of the Income...

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Supreme Court Allows Appeal in IBC Case: CIRP Not a Substitute for Execution of Civil Court Decree. Insolvency and Bankruptcy Code, 2016 — Section 7 — Financial Debt — Decree Holder Cannot Bypass Execution Process.

The Supreme Court allowed the appeal filed by Appellants against the order of the NCLAT which had directed admission of a Section 7 petition under the...

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High Court of Karnataka Considers Challenge to State Notification Fixing Sugarcane Price Despite Central FRP Under Essential Commodities Act. Section 6 of the EC Act Grants Overriding Effect to Central Orders Over Inconsistent State Enactments.

Multiple writ petitions were filed before the High Court of Karnataka challenging the state government's notification fixing sugarcane price and the c...

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Bombay High Court Allows Revenue's Appeal in Income Tax Case — Interest Under Section 220(2) Held Leviable Till Final Order of Settlement Commission Under Section 245D(4). The Court set aside the Tribunal's order restricting interest till the date of admission of application under Section 245D(1).

The case involves an appeal by the Commissioner of Income Tax against the order of the Income Tax Appellate Tribunal (ITAT) which held that interest u...

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Bombay High Court Dismisses Petition Challenging Government Resolution Prescribing Fees for Permission to Mortgage Occupancy Class II Lands. Condition Imposing Payment of Fees Held Valid Under Section 43 of Maharashtra Land Revenue Code, 1966 and Not Violative of Article 14 of Constitution of India.

The petitioner, BILT Graphic Paper Products Limited, a company incorporated under the Companies Act, 1956, engaged in paper manufacturing, challenged ...

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Bombay High Court Dismisses Writ Petition Challenging Bank's Possession Under SARFAESI Act — Alternative Remedy Before DRT Must Be Exhausted. Writ Petition Not Maintainable as SARFAESI Act Provides Complete Mechanism for Aggrieved Persons Under Section 17.

The petitioners, Dr. Anil Nandkishor Tibrewala and his wife, owned a flat in Mumbai. They had mortgaged the flat to Jammu and Kashmir Bank Ltd. (respo...

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High Court of Judicature at Bombay, Nagpur Bench, Considers Petitions Against Infrastructure Cost Levies by Nagpur Metropolitan Regional Development Authority. The Petitions Raise Constitutional and Statutory Challenges Under Articles 14, 265 and the Maharashtra Regional Town Planning Act, 1966.

The dispute arose from demands for infrastructure cost and STP charges made by the Nagpur Metropolitan Regional Development Authority (NMRDA) against ...