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Bombay High Court Acquits Father-Son Duo in Murder Case Due to Lack of Credible Evidence and Unreliable Witnesses. Conviction under Section 302 read with 34 IPC set aside as prosecution failed to prove guilt beyond reasonable doubt.

The case pertains to the murder of Sakharam, a 20-year-old man, who was in a love affair with Jyotsna, the daughter of appellant No.1 (Laxman) and sis...

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Bombay High Court Allows Revenue's Appeal in Income Tax Case Regarding Redemption Fine as Business Expenditure. Redemption fine of Rs. 75,00,000 paid for unauthorized import of almonds held allowable as business expenditure under Section 37 of the Income Tax Act, 1961.

The appeal was filed by the Principal Commissioner of Income Tax against the order of the Income Tax Appellate Tribunal (ITAT) which allowed the asses...

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Bombay High Court Dismisses Writ Petitions Against DRT Order in Debt Recovery Case — Bank Entitled to Recover Debt Under RDB Act. DRT Has Inherent Power to Reject Frivolous Counterclaim Without Recording Evidence, and High Court Should Not Interfere When Alternative Remedy of Appeal Exists.

The case involves two writ petitions arising from proceedings before the Debt Recovery Tribunal (DRT) under the Recovery of Debts Due to Banks and Fin...