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High Court of Karnataka Dismisses Assessee's Appeal in Transfer Pricing Case — No Substantial Question of Law Found. The ITAT's findings on arm's length price for software development services were based on evidence and not perverse, hence no interference under Section 260-A of the Income Tax Act, 1961.

The assessee, M/s. Indigra Exports Pvt. Ltd., filed an appeal under Section 260-A of the Income Tax Act, 1961 against the order of the Income Tax Appe...

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Madras High Court Appoints Sole Arbitrator and Grants Interim Relief in Financial Dispute Over Hypothecated Assets. Court allows appointment of Receiver under Section 9 of Arbitration and Conciliation Act, 1996 to preserve assets pending arbitration.

The petitioner, Vivriti Capital Limited, filed Arb.O.P.No.720 of 2025 under Section 11(6)(a) of the Arbitration and Conciliation Act, 1996, seeking ap...

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Bombay High Court Allows SFC's Claim for Priority Over Central Excise Dues in Recovery from Borrower's Assets. State Financial Corporation's Statutory Charge Under Section 29 of SFC Act, 1951 Prevails Over Crown Debt Under Central Excise Act, 1944.

The petitioner, SICOM Ltd., a State Financial Corporation established under the State Financial Corporations Act, 1951, advanced a term loan of Rs. 51...

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Bombay High Court Dismisses Revenue's Appeal in Income Tax Classification Dispute. Income from Hotel Management Agreement Held to be Business Income Under Section 28 of Income Tax Act, 1961.

The case involved an appeal by the Revenue under Section 260-A of the Income Tax Act, 1961, against the order of the Income Tax Appellate Tribunal. Th...

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Bombay High Court Appoints Receiver and Orders Disclosure of Assets in Arbitration Petition for Loan Default. Court grants interim relief under Section 9 of the Arbitration and Conciliation Act, 1996, after consent award cheques are dishonoured.

The Petitioner, Karvy Financial Services Ltd., filed an Arbitration Petition under Section 9 of the Arbitration and Conciliation Act, 1996, seeking ap...

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High Court of Bombay Hears Appeal Against Order for Disclosure and Restraint Pending Suit on Foreign Judgments. The Order Directs Disclosure of Assets and Restraint on Alienation, Drawing Challenge Under Section 13 CPC and Execution Principles.

The appeal arises from an order dated 5 May 2026 passed by the Single Judge in an interim application in a suit filed by the respondents on 24 April 2...

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Supreme Court Disposes of Appeals by Authority for Advance Rulings Against High Court Judgment Quashing AAR's Rejection of Treaty Benefits. Questions Raised on Taxation of Capital Gains Under India-Mauritius DTAA and Scope of Section 245R(2) Proviso (iii) of Income Tax Act, 1961.

The disputes arose from applications for advance ruling filed by three Mauritius-incorporated companies—Tiger Global International II Holdings, Tige...