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Bombay High Court Dismisses Revenue's Appeal in Transfer Pricing Case — Advertisement Expenses Not Subject to Disallowance. Assessee's expenditure on promoting foreign channels held to be for its own business benefit, not requiring compensation from foreign principals.

The appeal was filed by the Commissioner of Income Tax against the order of the Income Tax Appellate Tribunal (ITAT) dated 29th July 2011, which confi...

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Supreme Court Upholds Pre-emptive Purchase Order Under Income Tax Act for Undervalued Property. Appropriate Authority's Valuation Based on Comparable Sales Upheld as Reasonable.

The Supreme Court dismissed appeals by prospective buyers (Krishna Kumar Rawat & Ors.) and partly allowed the appeal by the Union of India against a H...

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Bombay High Court Grants Interim Injunction Against Trademark Infringement and Passing Off in 'MARINE' Mark Dispute. Plaintiff's registered trademarks for adhesives and sealants protected against defendant's use of identical mark for similar goods.

The plaintiff, Pidilite Industries Limited, filed a suit against Jubilant Agri & Consumer Products Limited alleging infringement of its registered tra...

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Bombay High Court Quashes Reassessment Notice for Lack of Reasonable Belief of Income Escapement — Section 148 Income Tax Act, 1961. Reassessment Cannot Be Based on Mere Change of Opinion on Same Facts Already Considered During Original Assessment.

The petitioners, M/s. Devidayal Rolling Mills and its partner Sumanbala Aggarwal, challenged a notice dated 26th March 1992 issued under Section 148 o...

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This judgment pertains to two Land Acquisition References (LAR 18/1988 and 19/1988) concerning land requisitioned for Mumbai Airport expansion. The ce...

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High Court Enhances Land Acquisition Compensation in Chinchalikar Case. Court emphasizes proper market value assessment for fair compensation.

The Bombay High Court delivered a judgment on two First Appeals involving land acquisition disputes. Both cases were related to lands belonging to the...

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High Court of Bombay at Goa Dismisses Appeal for Enhancement of Land Acquisition Compensation — Appellants Failed to Prove Market Value. Land Acquisition Officer's Award of Rs.23 per sq m Upheld Under Section 18 of Land Acquisition Act, 1894.

The appellants, Shivanand Vassudeva Salgaocar and Dattaraj Vassudeva Salgaocar, owned land surveyed under no.219/2 in Village Sancoale, admeasuring 52...