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Bombay High Court Dismisses Assessee's Appeal in Income Tax Case — Upholds Disallowance of Capital Losses and Business Loss on Guarantee Transactions. Tribunal's findings on sham transactions and lack of commercial substance affirmed under Income Tax Act, 1961.

The appellant, Killick Nixon Limited, filed an appeal under Section 260A of the Income Tax Act, 1961 against the order of the Income Tax Appellate Tri...

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Bombay High Court Dismisses Employer's Writ Petitions Challenging Rejection of Intervention in Industrial Dispute. Petitioners Not Necessary Parties Under Bombay Industrial Relations Act, 1946.

The case involves two writ petitions filed by Empress Mills, a unit of Maharashtra State Textile Corporation Limited, challenging orders passed in B.I...

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Gujarat High Court Quashes GST Assessment Orders After Department Concedes Clerical Error in Tax Reporting. Timing Difference in Invoice Uploading Not Tax Evasion; No Revenue Loss.

The petitioner, Dev Engineers (through its sole proprietor Ritaben Sanjaykumar Panchal), filed a Special Civil Application under Article 226 of the Co...

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Bombay High Court Allows New Electricity Connection Without Arrears for Auction Purchaser. Purchaser of property in auction from Sales Tax Department cannot be saddled with previous owner's electricity dues under Section 24 of the Indian Electricity Act, 1910.

The petitioner, Miss Tulsa Dongre, purchased Shop No.4 of Deep Apartments from the Sales Tax Department in an open auction held on 17 October 2003 for...

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Bombay High Court Hears Writ Petition Against Enhanced Privilege Fees for Liquor Licence Transfer — Issues of Delay, Laches, and Alternate Remedy Examined Under Bombay Prohibition Act, 1949

The petitioner, Nagpur Distillers, a partnership firm holding licences for manufacturing country liquor (CL-I) and potable liquor (PLL), decided to co...

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Supreme Court Allows Deduction Under Section 80HH on Gross Profits Without Deducting Depreciation and Investment Allowance. The Court Overruled Motilal Pesticides and Held That Section 80HH Deduction Is Computed on 'Profits and Gains' Not 'Income'.

The Supreme Court considered a batch of civil appeals concerning the interpretation of Section 80HH of the Income Tax Act, 1961, for the Assessment Ye...

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Bombay High Court Quashes Reopening Notice in Income Tax Case Due to Lack of Failure to Disclose Material Facts. Reassessment Beyond Four Years Invalid Without Proof of Non-Disclosure Under Section 147 of Income Tax Act, 1961.

The petitioner, 3i Infotech Limited, challenged a notice dated 18 March 2009 issued by the Assistant Commissioner of Income Tax seeking to reopen the ...

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High Court of Karnataka Adjudicates Writ Petition Challenging Rejection of Applications for Deletion of Defendants. The Court Examines Whether Directors and Former Employees Are Necessary Parties in a Suit for Breach of Contract Under Order 1 Rule 10 of Code of Civil Procedure, 1908.

The matter concerns a writ petition filed before the High Court of Karnataka under Articles 226 and 227 of the Constitution of India challenging an or...