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Bombay High Court Quashes Reopening Notice Under Section 148 of Income Tax Act, 1961 for Lack of Fresh Material. Reassessment Based on Same Material as Original Assessment Without New Tangible Information is Invalid.

The petitioner, an individual assessee, filed his return of income for Assessment Year 2006-07 on 26 October 2007 declaring total income of Rs.2,84,19...

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Bombay High Court Dismisses Revenue's Appeals in LIC Housing Finance Ltd. Tax Case — Tribunal's Order Quashing Revision Under Section 263 Upheld. Two Views Possible on Applicability of Section 36(1)(viii) Read with Section 41(4A) of Income Tax Act, 1961.

The Revenue filed four appeals under Section 260A of the Income Tax Act, 1961 against a common order of the Income Tax Appellate Tribunal (ITAT) dated...

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High Court Dismisses Appeal in Partition Suit, Upholding Trial Court's Decree Granting Share in Joint Family Property Under Hindu Law and CPC

The High Court dismissed an appeal filed by defendant No.4 against a trial Court decree granting the plaintiff a 1/5th share in suit item No.5 in a pa...

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Supreme Court Restores Enhanced Compensation in Motor Accident Claim for Death of Business Partners. Income Tax Returns Held Reliable for Assessing Deceased's Income; Mere Continuation of Business by Legal Heirs Does Not Negate Loss of Future Earnings.

The present appeals arise from a motor accident claim where the parents of the appellants, who were partners in a firm named Sri Ganga Mills, died in ...

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High Court of Bombay at Goa Allows Appeal by Insurance Company in Motor Accident Claim — Policy Exclusion for Pillion Rider Upheld. Insurer Not Liable for Death of Pillion Rider on Scooter Not Covered Under Third Party Insurance Policy.

The case arises from a motor accident claim petition filed by the legal representatives of a deceased pillion rider. The deceased was riding as a pill...

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Bombay High Court Dismisses Landlord's Eviction Petition in Rent Control Case — Concurrent Findings of Fact Not Disturbed. Landlord failed to prove bonafide requirement and unlawful subletting under the Bombay Rents, Hotel and Lodging House Rates Control Act, 1947.

The petitioners, owners of a property in Thane, filed a suit for eviction of the respondents from a gala (shop) on grounds of default in rent, unlawfu...