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Bombay High Court Considers Treatment of Sales Tax Incentives as Capital or Revenue Receipt Under Income Tax Act, 1961. Appeals Filed Under Section 260A Addressed Conflicting ITAT Decisions on State Government Incentive Schemes for Backward Areas.

The judgment concerns two income tax appeals under Section 260A of the Income Tax Act, 1961, heard together by the Bombay High Court. The central issu...

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Supreme Court Dismisses Appeal Against Initiation of CIRP Against Corporate Debtor Despite Payment by Guarantor's Resolution Applicant. Right of Subrogation Under Section 140 of Indian Contract Act, 1872 Not Available Where Resolution Plan Extinguishes Guarantee and No Payment of Entire Debt.

The case involves an appeal against the initiation of Corporate Insolvency Resolution Process (CIRP) against the 2nd respondent, Gujarat Hydrocarbon a...

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Supreme Court Dismisses Petitions in PMLA Case, Upholding High Court's Order with Costs. High Court's dismissal of writ petitions seeking quashing of ECIR and prosecution complaint under Prevention of Money Laundering Act, 2002, was justified as petitions lacked merit and were not maintainable.

The dispute arose from petitions filed by Anoop Bartaria, Director of World Trade Park Ltd., and the company itself, challenging a common judgment and...

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Supreme Court Issues Guidelines for Court Functioning Through Video Conferencing During COVID-19 Pandemic. The Court exercised Article 142 powers to ensure continued access to justice while maintaining social distancing.

The Supreme Court of India, acting suo motu, issued guidelines for court functioning through video conferencing during the COVID-19 pandemic. The outb...

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Bombay High Court Allows Redevelopment Project Despite Narrow Road Width, Applies Promissory Estoppel Against Municipal Corporation. MCGM Estopped from Refusing Permission After Granting Initial Approval and Petitioner Acting to His Detriment.

The petitioner, Gufran Suleman Qureshi, proprietor of M/s Sirsiwala Realty, sought redevelopment of a building in Mumbai. The Municipal Corporation of...

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Bombay High Court Allows Petitions Challenging Land Acquisition Award Under National Highways Act, 1956 — Compensation Set Aside for Violation of Natural Justice. Determination of Compensation Without Notice and Hearing Held Invalid Under Section 3G(2) of the National Highways Act, 1956.

The petitioners, owners of shops and properties in Solapur, challenged the award of compensation dated 31st December 2021 passed by the Competent Auth...