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Bombay High Court Dismisses Petition Challenging Arbitral Award in Contract Dispute for Lack of Merit. Section 34 of Arbitration and Conciliation Act, 1996 challenge fails as no patent illegality or perversity found in award rejecting damages for breach of contract.

The present petition was filed under Section 34 of the Arbitration and Conciliation Act, 1996, challenging an arbitral award dated 25th March 2021 pas...

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Madras High Court Allows Deduction Under Section 80IA for Income from Operation and Maintenance of Software Technology Park. The Court held that income from leasing out property with amenities constitutes business income eligible for deduction under Section 80IA of the Income Tax Act, 1961.

The appellant, M/s. Tidel Park Ltd., filed an appeal under Section 260A of the Income Tax Act, 1961 against the order of the Income Tax Appellate Trib...

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Bombay High Court Dismisses Appeals Against Consent Terms Recording Satisfaction of Arbitral Award as Not Maintainable. Execution of Arbitral Award Governed by Arbitration Act, Not Commercial Courts Act; Appeals Confined to Section 37 of Arbitration Act.

The Bombay High Court dismissed three commercial appeals filed by Usha Kakade, Sanjay Kakade, and Kakade Construction Company Pvt. Ltd. against an ord...

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Bombay High Court Quashes Punitive Order Against Railway Contractors for Alleged Misuse of Parcel Vans. Lease Termination and Blacklisting Set Aside for Violation of Natural Justice and Lack of Evidence.

The petitioners, Yespal Keval Singh Chandi and M/s Sri Salasar Cargo Movers, were lessees of parcel vans from the Western Railway. Their lease contrac...

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Bombay High Court Dismisses Petition Seeking Extension of Railway Parcel Space Lease Contract. Contractual Clause and Railway Board Policy Require Extension to Be Sought Before Expiry, Not After.

The petitioner, M/s Airwide Express Cargo, entered into a lease contract with the Western Railway for parcel space in brake vans/parcel vans on the Fi...

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Bombay High Court Allows Revenue Appeal in Income Tax Case on Lease Rental Deduction for Idle Machinery. Business decision to keep dozers idle and pay lease rentals without use held not allowable as expenditure under Section 37(1) of Income Tax Act, 1961.

The Revenue appealed against the order of the Income Tax Appellate Tribunal (ITAT) which had allowed the assessee's claim for deduction of lease renta...