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Bombay High Court Quashes Reassessment Notice in Income Tax Case Due to Change of Opinion. Notice under Section 148 of Income Tax Act, 1961 for reassessment of derivative transaction loss set aside as Assessing Officer had already examined the issue during original assessment.

The petitioner, Shrikant Phulchand Bhakkad (HUF), through its Karta, filed a writ petition under Article 226 of the Constitution of India challenging ...

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Bombay High Court Quashes Detention Order Under MPDA Act for Non-Consideration of Vital Documents. Detaining Authority's Subjective Satisfaction Vitiated Due to Failure to Place Exhibits Before It.

The petitioner, brother of the detenu Rashid Ahmed Siddique, filed a writ petition under Article 226 of the Constitution before the Bombay High Court ...

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Bombay High Court Allows Assessee's Appeal in Income Tax Case Regarding Deduction of Mortgage Repayment Under Section 48(i). The court held that repayment of mortgage debt is an expenditure incurred in connection with transfer of mortgaged asset, allowable under Section 48(i) of Income Tax Act, 1961.

The judgment involves two tax appeals, one by the revenue and one by the assessee, arising from a common issue regarding the allowability of mortgage ...

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Supreme Court Hears Appeals Against Madras High Court’s Setting Aside of Alienations and Direction to Frame Scheme for Charitable Trust. High Court Held Will Dated 27.9.1968 Was Mutual and Joint, and Alienations by Surviving Spouse Void.

These appeals arose from Original Suit No. 76 of 1981, filed by Hindu Community in General and Citizens of Gobichettipalayam as plaintiff, seeking adm...

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High Court of Bombay at Nagpur Bench Hears Confirmation of Death Sentence Awarded for Triple Murder and Appeal Challenging Conviction. Convict Argues Prosecution Evidence Including Dying Declarations and Eyewitness Testimony is Unreliable and Seizure Under Section 27 of Indian Evidence Act is Invalid.

The High Court of Bombay at Nagpur Bench heard a reference for confirmation of death sentence and an appeal filed by the convict Imdad Ali Waid Ali Sa...