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Bombay High Court Quashes Provisional Acceptance of Change Report in Trust Dispute Due to Non-Application of Mind and Delay Beyond Statutory Period. Section 22(2) of Maharashtra Public Trusts Act, 1950 requires provisional acceptance within 15 days of change report; order passed after 5 months is invalid.

The petitioner, Banjara Shikshan Prasarak Mandal, Balsur through its Secretary Gulabdas Nandu Chavan, filed a writ petition challenging two orders: (1...

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Bombay High Court Quashes Detention Order Under MPDA Act for Lack of Subjective Satisfaction and Non-Application of Mind. Detenu's Past Conduct and Single Incident Insufficient to Justify Preventive Detention Under Section 3(1) of Maharashtra Prevention of Dangerous Activities Act, 1981.

The petitioner, Chandrakala w/o Ramlal Jadhav, challenged the detention order dated 07.12.2020 passed by the District Collector, Jalna (respondent No....

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Bombay High Court Quashes Reopening of Assessment Under Section 148 of Income-tax Act, 1961 for Lack of Fresh Material. Reassessment Based on Change of Opinion on Commission Payment to Directors Held Invalid as All Issues Were Examined During Original Assessment.

The Petitioner, M/s. Dalal & Broacha Stock Broking Pvt. Ltd., a stock broking company, filed its return of income for Assessment Year 2008-09 declarin...

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Bombay High Court Dismisses State's Petition Challenging MAT Order Granting Interest on Delayed Pension. Exonerated Employee Entitled to Interest on Delayed Retirement Benefits as Natural Consequence.

The State of Maharashtra filed a writ petition challenging an order of the Maharashtra Administrative Tribunal (MAT), Nagpur, dated 21.7.1999. The MAT...

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Supreme Court Upholds SEBI Order Against Corporate Giant in Futures Manipulation Case. The Court held that cornering 93.63% open interest through agents and dumping shares to depress settlement price constituted fraud under PFUTP Regulations.

The case involves appeals by Reliance Industries Limited (RIL) against orders of the Securities Appellate Tribunal (SAT) which upheld SEBI's findings ...