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Bombay High Court Dismisses Petition Challenging Fresh Tender for PMC Contract for Versova-Bandra Sea Link Project. Contract Expired by Efflux of Time and No Automatic Renewal Clause Existed, Hence MSRDC's Decision to Float Fresh Tender Upheld.

The petitioner, Louis Beger SAS, a French company with its Asia office in Haryana, was appointed as Project Management Consultant (PMC) by the respond...

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Bombay High Court Upholds Setting Aside of Arbitral Award for Being Beyond Stipulated Time — Arbitration Clause Mandates Award Within Four Months of Entering Reference, Failure Renders Award Void.

The appeal arose from an order of a learned single Judge of the Bombay High Court setting aside an arbitral award dated 17th August 2006 on the ground...

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Bombay High Court Dismisses State's Application to Modify Final Judgment in Bhama Askhed Project Land Acquisition Case. No Ground Made Out for Extension of Time for Issuance of Notice Under Section 16(2)(a) of Maharashtra Resettlement of Project Affected Persons Act, 1999.

The State of Maharashtra filed a Civil Application seeking modification of a final judgment dated 17 July 2012 passed by a Division Bench of the Bomba...

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Bombay High Court Dismisses Assessee's Claim for Depreciation on Share Issue Expenses Capitalised to Plant and Machinery. Expenditure on Raising Share Capital Not Part of Actual Cost Under Section 32 of Income Tax Act, 1961, and Falls Under Section 35D as Preliminary Expenses.

The case involves an Income Tax Reference under Section 256(1) of the Income Tax Act, 1961, by the Income Tax Appellate Tribunal for the assessment ye...

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Bombay High Court Partially Allows PWD's Challenge to Arbitral Award in Road Construction Contract Dispute. Court Upholds Damages Beyond 1% Cap Due to Contractor's Abandonment but Reduces Interest Rate from 18% to 9% Simple.

The case arises from three arbitration petitions filed by the Public Works Department (PWD) of Maharashtra under Section 34 of the Arbitration and Con...

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Bombay High Court Dismisses Petition Challenging ITAT Order Rejecting Rectification Application as Time-Barred. Section 254(2) of Income Tax Act, 1961 Does Not Confer Power to Condon Delay Beyond Six Months.

The petitioner, Leena Power Tech Engineers Pvt. Ltd., challenged an order of the Income Tax Appellate Tribunal (ITAT) dated 03 November 2023, which di...