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Gujarat High Court Quashes Reassessment Notice Under Section 153C of Income Tax Act for Non-Supply of Satisfaction Note. Failure to Provide Satisfaction Note Recorded by the Assessing Officer Violates Principles of Natural Justice and Renders the Notice Invalid.

The petitioner, Nirma Limited, received funds from Siddhi Vinayak Cement Private Limited during Financial Years 2009-10 to 2011-12 by way of share app...

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Supreme Court Upholds Remand Order in Dispute Over Dissolution of Partnership and Final Decree. Partnership dissolution, settlement of accounts, and profit-sharing dispute resolved through remand for evidentiary re-evaluation.

The Supreme Court disposed of appeals challenging the High Court's remand order concerning the dissolution of the partnership firm Crystal Transport S...

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Bombay High Court Allows Appeal in Motor Accident Claim Case — Compensation Enhanced for Death of Pillion Rider. Income of Deceased Reassessed at Rs. 1,500 per Month with Multiplier of 15 Under Motor Vehicles Act, 1988.

The appellants, being the parents and brother of the deceased Pravin Bapusaheb Patil, filed a claim petition before the Motor Accident Claims Tribunal...

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Bombay High Court Answers Reference in Favor of Assessee-Trust in Income Tax Rate Dispute. Trust with Specified Beneficiaries and Predetermined Shares Held Non-Discretionary Under Income Tax Act, 1961, Section 256(1).

The case involved a reference under Section 256(1) of the Income Tax Act, 1961, by the Income Tax Appellate Tribunal. The respondent-assessee, Devshi ...

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Bombay High Court Considers GST Liability on Royalty Payments to Court Receiver in Commercial Property Dispute. The Court Examines Whether Payments to a Court Receiver Under Order XL CPC Constitute Taxable Supply Under the CGST Act, 2017 and Whether GST Should be Discharged via Reverse Charge Mechanism.

The Bombay High Court, in a Court Receiver's Report arising from a commercial suit for recovery of possession of three shops used as a restaurant, exa...

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Supreme Court Allows Appeal in Arbitration Case by Restoring Arbitral Award. High Court's Setting Aside of Award Under Section 37(1)(c) of Arbitration and Conciliation Act, 1996 Found Erroneous as It Exceeded Scope of Judicial Review.

The Supreme Court of India heard a civil appeal arising from a dispute between PSA Sical Terminals Pvt. Ltd., the appellant, and The Board of Trustees...