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High Court of Karnataka Hears Revenue's Appeals Against ITAT Decision Favoring Assessee on Deduction of Distributable Surplus Payment to Brand Owner. Court Examines Whether Payment is Allowable Under Section 37 of Income Tax Act, 1961 or Constitutes Application of Income or Diversion by Overriding Title.

The present set of five tax appeals arises under Section 260-A of the Income Tax Act, 1961, filed by the Revenue against the common order of the Incom...

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KAHC010100302020_1

The petitioners, a group of renewable energy companies, filed multiple writ petitions under Articles 226 and 227 of the Constitution of India before t...

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Supreme Court Allows Appeal in Insurance Claim Dispute — Upholds Consumer Fora Orders for Compensation. Ownership of Vehicle Not Transferred Despite Sale Agreement; Insurer Liable to Pay Claim Amount with Interest.

The Supreme Court allowed the appeal filed by Surendra Kumar Bhilawe against The New India Assurance Company Limited, setting aside the National Commi...

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Supreme Court Upholds Territorial Limitation of Sales Tax Exemption After State Bifurcation. Benefit of exemption/deferment granted under unified Madhya Pradesh is confined to the state where the industrial unit is located and does not extend to inter-state transactions with the other successor state.

The Supreme Court considered a batch of appeals arising from the bifurcation of the State of Madhya Pradesh into the reorganised State of Madhya Prade...

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Bombay High Court Allows Winding Up Petition Against Company for Non-Payment of Debt. Debt of JPY 64,516,217 admitted by balance confirmation and part payment, no bona fide dispute raised under Section 433(e) of Companies Act, 1956.

The Petitioner, Manjiro Works, a proprietory concern in the business of supplying gaming machines, filed a Company Petition under Sections 433(e) and ...

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High Court partly allowed Revision Petition in Cheque Dishonour Case -- Conviction Under Section 138 of Negotiable Instruments Act Upheld However order for imposition of cost set aside -- Petitioner Challenge to Conviction and Sentence Fails

The High Court dismissed a criminal revision petition challenging conviction under Section 138 of Negotiable Instruments Act -- The petitioner was con...

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Gujarat High Court Allows Petition Seeking Certificate Under Section 63AA of Gujarat Tenancy Act for Industrial Land Purchase. Rejection of Certificate Quashed as Petitioner Complied with All Conditions for Non-Agricultural Use.

The petitioner, Advance Greenfield Pvt Ltd, through its director Surendrakumar Netaram Sharma, filed a writ petition under Article 226 of the Constitu...