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Supreme Court Allows Appeal in Income Tax TDS Case — Liquor Vendors Are Not 'Buyers' Under Section 206C of Income Tax Act, 1961. Court holds that excise contractors acquiring arrack under state-controlled system are excluded from definition of 'buyer' under Explanation (a)(iii) of Section 206C.

The appeal arose from a dispute under Section 206C of the Income Tax Act, 1961, concerning tax collection at source on the sale of alcoholic liquor. T...

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Bombay High Court Dismisses Revenue's Appeal in Slump Sale Case. Transfer of IMFL Business as Going Concern Not Subject to Capital Gains Tax Under Income Tax Act, 1961.

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

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Bombay High Court Quashes Controller's Refusal of Patent Registration Due to Non-Consideration of Arbitral Award and Deed of Assignment. Failure to Appreciate Evidence and Raise Objections in Examination Report Renders Order Unsustainable Under Section 15 of Patents Act, 1970.

The petitioner, Euro-apex B.V., entered into a licence agreement with Shinhan Apex Corporation in 1993, authorizing the latter to manufacture and sell...

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High Court of Karnataka Quashes Arms License Rejection for Non-Application of Mind. Commissioner of Police's Endorsement Set Aside for Failing to Consider Petitioner's Eligibility Under Arms Act, 1959.

The petitioner, Michael Mahesh Chris Saldanha, filed a writ petition under Article 226 of the Constitution of India before the High Court of Karnataka...

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Supreme Court Expunges Adverse Remarks Against Commissioner State Excise in Liquor Licence Dispute. High Court's Directions to Act Properly and Anticipatory Stay Held Unwarranted.

The Supreme Court dealt with two sets of appeals arising from a Bombay High Court judgment concerning liquor licence holders in Mumbai suburbs. The ap...