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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 Dismisses Petition Challenging License Cancellation of Private Security Agency for Violation of Section 13 of PSA Act, 2005. License Cancellation Upheld as Petitioner Failed to Exercise Due Diligence in Verifying Licenses of Security Guards.

The petitioner, Sugriv Rambabu Singh Chauhan, proprietor of M/s. Shivam Enterprises Security Services, a private security agency registered under the ...

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Bombay High Court Dismisses PILs Alleging Irregularities in LED Streetlight Procurement by Nagpur Municipal Corporation. Court finds no mala fides or procedural violations in tender process, upholds NMC's decision to award contract to lowest bidders.

The Bombay High Court at Nagpur disposed of two Public Interest Litigations (PILs) concerning the procurement of LED streetlights by the Nagpur Munici...

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Bombay High Court Dismisses Petition Challenging Arbitral Award in Coal Supply Dispute — No Ground for Interference Under Section 34 of Arbitration Act. Court upholds award of damages for short supply of coal, finding no patent illegality or conflict with public policy.

The petition under Section 34 of the Arbitration and Conciliation Act, 1996 was filed by Mahaguj Collieries Ltd. (original respondent) challenging an ...

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High Court of Karnataka Dismisses Insurance Company's Appeal in Motor Accident Claim — Compensation Enhanced for Deceased's Dependents. Negligence of Driver and Insurer's Liability Affirmed Under Motor Vehicles Act, 1988.

The case arises from a motor accident claim petition filed by the dependents of Manju Naik, who died in a collision between two tractors. The claimant...

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High Court of Karnataka Dismisses Appeal Against Acquittal in NDPS Case — Prosecution Fails to Prove Conscious Possession of Heroin. Recovery of Contraband from Bag Not Linked to Accused as Independent Witnesses Turned Hostile and Procedural Lapses in Search and Seizure Under NDPS Act, 1985.

The appeal was filed by the Intelligence Officer, Narcotics Control Bureau, Chennai, against the judgment of acquittal dated 18.10.2008 passed by the ...

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Bombay High Court Allows Appeal by Depository Against Arbitral Award for Lost Shares Due to Third-Party Fraud. Court Holds That Depository Not Liable Absent Negligence or Breach of Contract Under Section 12(1-A) of SEBI Act, 1992.

The case involves an appeal by Central Depository Services (India) Ltd. (CDSL) against a judgment of a learned Single Judge dated 01/12/2025, which up...