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Supreme Court Allows Appeal in Income Tax Deduction Case for Pharmaceutical Freebies. Expenses on Gifting Freebies to Medical Practitioners Are Deductible Under Section 37(1) of Income Tax Act, 1961, as Indian Medical Council Regulations Only Prohibit Acceptance, Not Gifting, Under Explanation 1.

The dispute involved a pharmaceutical company, referred to as Apex, appealing against a High Court judgment that upheld orders disallowing part of its...

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Bombay High Court Dismisses Petition Challenging SEBI Consent Guidelines Requiring Pendency of Proceedings. Requirement of pendency of court proceedings or adjudication for consent applications under SEBI Guidelines is not arbitrary and does not violate Article 14 of the Constitution.

The petitioners, Shilpa Stock Broker Pvt. Ltd. and another, filed a writ petition under Article 226 of the Constitution challenging the validity of cl...

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Bombay High Court Allows Writ Petitions Challenging Termination of Daily Wage Workers by Municipal Council. Held that termination without notice and without following Section 25F of the Industrial Disputes Act, 1947 is illegal and violative of Article 14 of the Constitution.

The judgment concerns a batch of writ petitions filed by daily wage workers employed by the Municipal Council, Bhusawal. The petitioners were engaged ...

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Bombay High Court Dismisses Petition Challenging SEBI Recovery Proceedings and Civil Imprisonment Order for Non-Payment of Dues. Recovery Officer's Order for Arrest and Detention of Defaulter Under Section 28A of SEBI Act, 1992 Upheld as Valid Exercise of Powers.

The petitioner, Vinod Hinigorani, filed a writ petition under Article 226 of the Constitution of India challenging the validity of orders dated 18.12....

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Supreme Court Allows Appeal by Special Police Establishment Against Direction to Supply Sanction Details Under RTI Act. Information Regarding Grant of Sanction for Prosecution Under Prevention of Corruption Act Held Exempt Under Section 8(1)(h) of RTI Act as Impeding Investigation and Prosecution.

The case involves an appeal by the Special Police Establishment (appellant) against a direction by the High Court of Madhya Pradesh to supply informat...

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Supreme Court Dismisses Appeal in Company Law Dispute Over Share Transfer Validity and Limitation. Rectification of Register of Members under Sections 59 and 88 of Companies Act, 2013 requires proof of valid share transfer and petition within limitation.

The case involves an appeal by Chalasani Udaya Shankar and others against M/s. Lexus Technologies Pvt. Ltd. and others, arising from a company petitio...