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Supreme Court Allows Appeal in Income Tax Case: Subscriptions Received Under Collective Investment Schemes Held to be Capital Receipts Not Income. Peerless General Finance's Subscriptions Not Forfeited During Assessment Years, Hence Not Taxable as Income.

The appeal arose from a dispute between The Peerless General Finance and Investment Company Ltd. (appellant) and the Commissioner of Income Tax (respo...

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CRIMINAL WRIT PETITION NO. 3301 OF 2018

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Bombay High Court Allows Retired Head Master's Petition for Pension and Benefits Despite Post-Retirement Disciplinary Inquiry. Disciplinary Inquiry Initiated After Superannuation Without Statutory Authority is Invalid and Pension Cannot Be Withheld.

The petitioner, Ashok Ramrao Kadam, was appointed as an Assistant Teacher on 9 August 1984 and later promoted as Head Master. He served until his supe...

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High Court of Bombay at Nagpur Dismisses Petitions Challenging Cancellation of Tender by Western Coalfields Limited. Tender cancellation upheld as employer has discretion to cancel tender before issuance of purchase order, and no concluded contract exists.

The judgment concerns two writ petitions filed by successful bidders challenging the cancellation of a global tender issued by Western Coalfields Limi...

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Bombay High Court Allows Appeal Against Refusal of Interim Relief in Arbitration Dispute Over Share Pledge and Corporate Guarantee — Holds That Prima Facie Case and Balance of Convenience Favored Appellant for Injunction Against Enforcement of Personal Guarantees and Share Pledge Pending Arbitration.

The appellant, Palmview Investments Overseas Limited, a company incorporated in the British Virgin Islands, filed an appeal against an order of the Co...

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Bombay High Court Acquits Appellants in Murder Case Due to Inconsistent Evidence and Failure to Prove Common Intention. Conviction under Section 302 read with 34 IPC set aside as prosecution failed to establish beyond reasonable doubt the role of each accused in the murder.

The case involves four appeals against a common judgment dated 19/01/2013 passed by the Additional Sessions Judge, Vasai, convicting the appellants fo...

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Bombay High Court Quashes Criminal Proceedings in Cheque Dishonour Case Due to Civil Nature of Dispute — Dispute Over Asset Acquisition Between Company and Agents Does Not Attract Criminal Liability Under Section 138 of Negotiable Instruments Act, 1881.

The petitioners, Harish Gokuldas Kalantry, Dinesh Gokuldas Kalantry, Sudha Kiran Kalantry, and Kiran Gokuldas Kalantry, filed a Criminal Writ Petition...