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High Court of Karnataka Dismisses Revenue Appeal in Income Tax Block Assessment Case — Export of Exhibition Rights Not Undisclosed Income. Amount declared in belated regular return for AY 1994-95 does not constitute undisclosed income under Section 158B(b) of the Income Tax Act, 1961.

The appeal was filed by the Revenue under Section 260-A of the Income Tax Act, 1961 against the order of the Income Tax Appellate Tribunal (ITAT) date...

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High Court of Bombay at Goa Allows Writ Petition Filed by British Nationals; Sets Aside Order Rejecting Condonation of Delay in Appeal. The Court, Following Its Own Order in a Connected Case, Held That the Delay Deserved to Be Condonated and Directed the Appellate Court to Decide the Appeal on Merits.

The petitioners, Martin Kerr Roberts and Annitte Sylvia Louie Roberts, British nationals represented by their lawful attorney Gregory Marcus Pacheco, ...

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Bombay High Court Dismisses Insurance Company's Appeal in Motor Accident Claim — Single Income Tax Return Sufficient for Income Assessment. Tribunal's award of Rs.20,68,720/- to parents of deceased bachelor upheld with 50% future prospects, 2/3rd deduction, and multiplier of 18.

The case arises from a motor accident claim where the deceased, Rajkumar, died in a vehicular accident on 16 October 2010 while riding pillion on a mo...

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Bombay High Court Dismisses Appeal Against Arbitral Award on Retention Money Refund. Jurisdictional Objection Under Section 16(2) of Arbitration and Conciliation Act, 1996 Must Be Raised at Earliest Opportunity.

The case involves an appeal against a judgment of a Learned Single Judge of the Bombay High Court, which affirmed an arbitral award granting refund of...

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Bombay High Court Dismisses Revenue's Appeal in Income Tax Case Against HDFC Bank Ltd. — Substantial Question of Law Identical to Previously Decided Appeal.

The Commissioner of Income Tax-2, Mumbai appealed against HDFC Bank Ltd. under the Income Tax Act, 1961. The parties agreed that the substantial quest...

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Bombay High Court Dismisses Revenue's Appeal in International Taxation Case Due to Lack of Substantial Question of Law. Precedent from Companion Appeal Applied to Container Shipping Tax Dispute.

The Director of Income Tax (International Taxation) appealed against an order of the Income Tax Appellate Tribunal in favor of M/s Safmarine Container...