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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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Madras High Court Quashes NOC for HPCL Petrol Pump Due to Violation of Distance Norms Under Petroleum Rules, 2002. Court holds that the appellate authority failed to consider the mandatory distance requirement from an existing petrol pump and the objections of the petitioner.

The petitioner, G. Alagar, filed a writ petition under Article 226 of the Constitution of India challenging the order dated 19.3.2026 passed by the 1s...

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Bombay High Court Upholds De-freezing of Bank Accounts with Bank Guarantee Condition in Cheating Case. Court holds that Section 102 CrPC freezing cannot be indefinite and must be balanced against right to carry on business, directing furnishing of bank guarantee for de-freezing.

The case involves two applications under Section 482 of the Code of Criminal Procedure, 1973. The first application (APL No.191 of 2024) is filed by t...