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Bombay High Court Dismisses PIL Challenging Definition of Loan Under Maharashtra Money-Lending Act. Classification Between Interest-Free Advances and Loans at Interest Held Not Arbitrary Under Article 14.

The petitioner, Fauzan Shaikh, filed a Public Interest Litigation before the Bombay High Court challenging the constitutional validity of clauses (j) ...

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Supreme Court Upholds Income Tax Department's Reassessment in Escaped Assessment Case Due to Assessee's Failure to Disclose. Non-Disclosure of Firm Income and Unexplained Investments Attracted Section 34(1)(a) of Income-tax Act, 1922, Validating Reassessment for Assessment Year 1944-45.

The appeals arose from reassessment proceedings under section 34 of the Indian Income-tax Act, 1922 concerning a Hindu Undivided Family for the assess...

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Bombay High Court Dismisses Petition Seeking Quashment of MPID Act Charges Against Director of Cooperative Bank. Cooperative Bank Falls Within Definition of Financial Establishment Under MPID Act Despite Being Governed by Banking Regulation Act.

The Bombay High Court dismissed a writ petition filed under Article 226 of the Constitution of India read with Section 482 of the Code of Criminal Pro...

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Bombay High Court Dismisses Revision Against Order to Deposit Arrears in Eviction Suit Filed by Trust Against Former Employee. Court Holds That Small Cause Court Has Jurisdiction Over Eviction Suits Filed by Landlords Against Licensees Under Maharashtra Rent Control Act, 1999.

The respondents, as trustees of M.F. Cama Ahornan Institute and M.M. Cama Education Fund, filed L.E. Suit No.96/143 of 2008 in the Court of Small Caus...

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High Court Allows Assessee's Appeal in Modvat Credit Dispute — Capital Goods Credit Denial Set Aside. Rule 57Q of Central Excise Rules, 1944 interpreted to allow credit on capital goods used in manufacture of final products, even if not directly used in the manufacturing process.

The appellant, M/s. Reliance Industries Ltd., is engaged in the manufacture of various chemical products at its Hazira Manufacturing Complex. The comp...

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High Court of Karnataka Quashes Consumer Forum Notice Against Restaurant Company for Lack of Consumer Relationship. Petitioner Company not a 'Consumer' under Section 2(1)(d) of Consumer Protection Act, 1986 as the respondent was not a consumer of its services.

The petitioner, M/s Vasudeva Adiga's Fast Food Pvt Ltd, a company incorporated under the Companies Act, 1956, running vegetarian restaurants in Bangal...