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High Court of Karnataka Considers Batch of Writ Petitions Challenging KERC Order Dated 14.05.2018. The Petitioners, Renewable Energy Companies, Seek to Quash the Regulatory Order.

The High Court of Karnataka at Bengaluru heard a batch of writ petitions filed by various renewable energy companies, including Renew Power Limited an...

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High Court of Karnataka Adjudicates Challenge to Karnataka Electricity Regulatory Commission Order on Wheeling and Banking Charges for Renewable Energy Generators. The court examined the validity of the order dated 14.05.2018 under the Electricity Act, 2003.

A batch of writ petitions under Articles 226 and 227 of the Constitution of India was filed before the High Court of Karnataka by several renewable en...

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High Court Quashes CGRF Order Directing Revision of Energy Bills for HT Consumer on Express Feeder. Interpretation of 'Dedicated Distribution Facilities' under MERC Supply Code Regulations 2005 determines consumer classification.

The Maharashtra State Electricity Distribution Company Limited (MSEDCL) filed a writ petition under Articles 226 and 227 of the Constitution of India ...

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Supreme Court Adjudicates Tax Treatment of Compensation for Partial Termination of Selling Agency under Income Tax Act, 1922. The Court considered whether the sum received by the assessee for termination of agency rights outside Hyderabad State constituted a capital receipt or revenue receipt.

Background: The case involved the income tax assessment of the respondent, a registered firm carrying on business as selling agents and distributors o...

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Supreme Court Dismisses Revenue’s Appeal, Holding Compensation for Partial Termination of Agency is Capital Receipt. Termination of Agency for Territory Outside Hyderabad State Results in Sterilisation of Capital Asset, Not Taxable as Business Income Under Indian Income-tax Act, 1922.

The dispute arose from the income tax assessment of Messrs. Vazir Sultan & Sons, a registered firm, for the assessment year 1951-52. The firm was appo...