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Bombay High Court Dismisses Revenue's Appeal in Asset Management Company Tax Case — Notional Addition Based on SEBI Ceiling Not Permissible. Investment advisory fees actually charged, not the maximum permissible under SEBI regulations, constitute taxable income.

The case involves an appeal by the Commissioner of Income Tax against the order of the Income Tax Appellate Tribunal (ITAT) which upheld the CIT (A)'s...

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Bombay High Court Upholds Dismissal of Lecturer for Suppressing Material Facts in Appointment. Non-disclosure of prior employment and termination in application form amounts to suppression of material facts, justifying termination under Maharashtra Universities Act, 1994.

The petitioner, Ku. Ujwala Vijay Sukhdeve, was appointed as a Lecturer in Social Work at the College of Social Works and Arts, run by Lord Buddha's Sa...

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Judicial Scrutiny of RBI's Supersession of Abhyudaya Co-operative Bank's Board. Balance between Constitutional mandates and banking regulations reaffirmed.

The Bombay High Court assessed the legality of the Reserve Bank of India's (RBI) supersession of the Board of Directors of Abhyudaya Co-operative Bank...

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Supreme Court Dismisses Appeals by Resort Developer Against Prohibition of Construction in Backwater Island. CRZ Notification 1991 Applies to Backwater Islands; No Development Zone Restrictions Upheld.

The Supreme Court dismissed appeals by Kapico Kerala Resorts Pvt. Ltd. challenging a Kerala High Court order that prohibited resort construction on Ne...

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Bombay High Court Dismisses Revenue's Appeal in Service Tax Case on Bifurcation of Interest and Service Charges. Tribunal's finding that no service tax liability arises prior to 01.03.2006 due to absence of mechanism for bifurcation of value of service from interest amount upheld.

The appeal was filed by the Commissioner of CGST & Central Excise under Section 35G of the Central Excise Act, 1944, challenging the order of the Cust...

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Bombay High Court Dismisses Petitions Challenging University's Refusal to Grant Affiliation to College of Physical Education. University's Decision Upheld as Reasonable and Not Arbitrary Under Article 226 of the Constitution of India.

The judgment concerns three writ petitions filed against the North Maharashtra University, Jalgaon, and other respondents. The petitioners, Pradeep Vi...

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Bombay High Court Dismisses Workman's Petition for Back Wages in Reinstatement Case. Workman admitted gainful employment during termination period, disentitling her to back wages under Industrial Dispute Act.

The petitioner, Veronica Kashinath Pandit, was a workman employed by Shri Sai Baba Sansthan Vishwastha Vyavastha. She was terminated on 9.6.2011 (effe...

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Bombay High Court Dismisses Employer's Petition Challenging Labour Court's Reinstatement Order in Limitation Dispute. Employee's Dismissal for Illegal Strike Set Aside as Approach Notice Held Within Limitation Under Section 79 of Bombay Industrial Relations Act, 1946.

The petitioner, The Morarjee Gokuldas Spg. & Wvg. Co. Ltd., challenged the judgment and order of the Labour Court in Application (BIR) 1032 of 1984, c...