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Bombay High Court Grants Stay on Tax Recovery in Gift of Shares Case Under Section 56(1) of Income Tax Act, 1961. Court allows stay of recovery pending appeal, subject to conditions protecting revenue, without deciding merits of taxability of gift of shares.

The petitioner, M/s. Nerka Chemicals Private Limited, a wholly owned subsidiary of Demuric Holdings Private Limited (DHPL), challenged an order dated ...

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Bombay High Court Quashes Criminal Proceedings in Cheque Dishonour Case Due to Non-Prosecution by Complainant. Legal heirs cannot continue prosecution under Section 138 of Negotiable Instruments Act after complainant's death and acquittal under Section 256 of CrPC.

The judgment pertains to two criminal applications filed by Mukund Wazalwar and Ravindra Bhalerao seeking quashing of criminal proceedings under Secti...

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Bombay High Court Dismisses Second Appeals in Property Dispute Involving Shivaji Education Society. Court upholds concurrent findings of fact that the suit properties were not trust properties and that the plaintiffs failed to prove their title.

The case involves four second appeals filed by the appellants, who are office bearers of Shivaji Education Society, against the respondents. The dispu...

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High Court of Karnataka Quashes Transfer Order of Female Employee in Bangalore Turf Club Ltd. — Transfer Held Malicious and Without Authority of Law. Transfer order issued by Secretary without authority from Managing Committee under Articles of Association is void ab initio.

The petitioner, Smt. Veena Harish, was employed as an Accounts Officer at the Bangalore Turf Club Ltd., a company incorporated under the erstwhile Com...

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"Supreme Court of India Resolves Complexities in Taxation of Mineral Rights" "Judgment Clarifies Legislative Powers and the Nature of Royalty in Mining Sector"

The Supreme Court of India addressed a significant dispute regarding the distribution of legislative powers between the Union and the States, specific...

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Supreme Court Upholds Death Sentence of 26/11 Terrorist in Mumbai Attacks Case. Court Dismisses State's Appeal Against Acquittal of Co-Accused Due to Insufficient Evidence, Finding No Perversity in Trial Court's Decision.

The Supreme Court dealt with appeals arising from the 26/11 Mumbai terror attacks. The appellant, Mohammed Ajmal Kasab, a Pakistani national, was conv...