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Bombay High Court Disposes of Criminal Appeals Against Conviction in MCOCA Special Case No.1 of 2006. Accused-Appellants Were Convicted Under Various IPC and MCOCA Sections for Kidnapping for Ransom and Murder; Appeals Heard and Disposed by Common Judgment.

The case involved the abduction, ransom demand, and murder of Sagar Sahani, son of businessman Satinder Sahani. On 14 August 2005, Sagar was abducted ...

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Bombay High Court Upholds Revenue in Block of Assets Case — Industrial Gala Sale Taxed as Short Term Capital Gain Under Section 50. Non-Use of Asset Does Not Remove It from Block of Assets; Depreciation History Determines Tax Treatment.

The case involves an income tax reference by the Income Tax Appellate Tribunal, Mumbai Bench, at the instance of the assessee, Smt. Meena v. Pamnani, ...

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Bombay High Court Allows Appeal in Negotiable Instruments Act Case — Reinstates Conviction Under Section 138. Partial Recovery Before Cheque Issuance Does Not Rebut Presumption Under Section 139 N.I. Act When Cheque Covers Balance Due.

The appeal arises from a judgment of the Sessions Court, Amravati, which set aside the conviction of the accused under Section 138 of the Negotiable I...

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High Court of Bombay at Goa Delivers Judgment on Writ Petitions Challenging Rejection of GPSC Recommendations for Junior Scale Officer Posts. The Court Examined Whether the Cabinet Decision Was Arbitrary and Violative of Constitutional Guarantees.

The judgment concerns two writ petitions filed before the High Court of Bombay at Goa challenging a Cabinet decision of the Government of Goa. The dis...

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High Court of Judicature at Bombay Adjudicates Company Petition for Winding Up Over Unpaid Derivative Transaction Debts. The Petitioner Bank Claimed Rs.8.74 Crores from the Respondent Company Following Defaults on Forex Options Margin Calls Under ISDA Master Agreement.

The litigation stems from a company petition filed by HDFC Bank Ltd. under the provisions of the Companies Act, 1956 seeking winding up of Rohan Dyes ...

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Bombay High Court Allows Revenue's Appeal in Part on Deduction Under Section 80HHC of Income Tax Act, 1961 — Insurance Claim and Sundry Receipts Held Not Directly Related to Business Profits, Rental Income Treated as Business Income, Retrenchment Compensation Held Revenue Expenditure.

The case pertains to an appeal by the Revenue under Section 260A of the Income Tax Act, 1961, against the order of the Income Tax Appellate Tribunal (...