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Bombay High Court Allows Compounding of NI Act Offence Despite Complainant's Objection. Payment of Full Cheque Amount with Interest and Costs Entitles Accused to Compounding Under Section 147 of Negotiable Instruments Act, 1881.

The applicants, who were accused in a criminal complaint filed by the respondent-company under Section 138 of the Negotiable Instruments Act, 1881, ch...

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Bombay High Court Allows Assessee in Income Tax Reference Under Section 256(1) of Income Tax Act, 1961 — Profits on Sale of Machinery Not Taxable Under Section 41(2) as Depreciation Was Claimed by Dissolved Firm, Not by Assessee.

The case involves a reference under Section 256(1) of the Income Tax Act, 1961 by the Income Tax Appellate Tribunal, Mumbai, for the opinion of the Bo...

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Bombay High Court Allows Tenant One Final Opportunity to Lead Evidence in Eviction Suit Subject to Costs. The court set aside the trial court's order closing evidence and directed one final opportunity to lead evidence, following the principle in Kewal Krishan v. Harnek Singh.

The petitioner, Elesh Khara, a tenant in eviction proceedings, challenged the order dated 25.2.2014 passed by the Additional Small Causes Court, Nagpu...