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Madras High Court Allows Assessee's Appeal in Income Tax Case — Unabsorbed Depreciation Set-off Against Section 69 Addition Upheld. Addition of Unaccounted Stock Treated as Business Income Under Section 32(2) of Income-Tax Act, 1961.

The case involves an appeal by M/s.Sivasakthi Threads (assessee) against the order of the Income-Tax Appellate Tribunal which upheld the rejection of ...

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Legal Battle Over Insurance Claim: NCDRC Decision Challenged Navigating the complexities of insurance law and contract disputes in the wake of a construction project gone awry.

Consumer Protection Act, 1986; Insurance Law; Contract Law; Construction Contract Dispute The National Consumer Disputes Redressal Commission (NCDRC)...

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Supreme Court Allows Appeals by DISCOMs and Generating Companies in Electricity Tariff Dispute — Change in Law Compensation for Coal Shortfall Must Be Computed Based on Actual GCV and SHR as per PPAs.

The judgment involves two civil appeals concerning the determination of compensatory tariff for Change in Law events under long-term Power Purchase Ag...

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High Court of Bombay Enhances Compensation for Widow in Motor Accident Death Case Due to Negligence of ST Bus Driver. Deceased's Income Reassessed and Future Prospects Applied to Compute Just Compensation Under Section 166 of Motor Vehicles Act, 1988.

The appellant, Anita Arun Memane, filed a claim petition under Section 166 of the Motor Vehicles Act, 1988, seeking compensation for the death of her ...

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High Court of Karnataka Enhances Compensation for Injured Pillion in Road Accident — Motor Vehicles Act, 1988. Claimant's appeal under Section 173(1) of Motor Vehicles Act, 1988 allowed, compensation enhanced for injuries sustained in accident with APSRTC bus.

The claimant, Suresh Naik, filed an appeal under Section 173(1) of the Motor Vehicles Act, 1988, seeking enhancement of compensation awarded by the Mo...

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High Court of Karnataka Allows Appeal for Enhancement of Compensation in Motor Accident Claim — Claimant Injured as Pillion on Bicycle Hit by APSRTC Bus. Compensation Enhanced for Pain, Suffering, and Medical Expenses Under Section 173(1) of Motor Vehicles Act, 1988.

The claimant, Suresh Naik, filed an appeal under Section 173(1) of the Motor Vehicles Act, 1988, seeking enhancement of compensation awarded by the Mo...

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High Court of Karnataka Dismisses Writ Petition Challenging Trial Court's Order on Court Fee Valuation in Partition Suit — Suit Properly Valued Under Section 35(2) of Karnataka Court Fees and Suits Valuation Act, 1958.

The petitioners, defendant Nos. 3 and 4 in a partition suit (O.S. No. 53/2010) pending before the Principal Senior Civil Judge, Udupi, filed a writ pe...

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Bombay High Court Allows Section 11 Application for Appointment of Arbitrator in Insurance Dispute Despite Discharge Voucher. Dispute as to Quantum Under Fire Insurance Policy Referred to Arbitration Under Clause 13 of Standard Fire and Special Perils Policy.

The applicant, MIRC Electronics Ltd., filed an application under Section 11 of the Arbitration and Conciliation Act, 1996, seeking appointment of a so...

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Bombay High Court Quashes Reopening of Assessment in Income Tax Case — Change of Opinion Not Permissible Beyond Four Years. Reassessment Notice Under Section 148 of Income Tax Act, 1961 Set Aside as No Failure to Disclose Material Facts Was Alleged.

The petitioner, Shriram Foundry Ltd., challenged a notice dated 10 February 2011 issued under Section 148 of the Income Tax Act, 1961, seeking to reop...