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Supreme Court Dismisses Assessee's Appeal in Income Tax Deduction Case Under Section 43B Explanation 3C. Interest Converted into Debentures Not Deemed Actually Paid as Per Retrospective Amendment, Disallowing Deduction Under Income Tax Act, 1961.

The dispute arose from an appeal by M.M. Aqua Technologies Ltd. against the Commissioner of Income Tax, Delhi-III, concerning the interpretation of Se...

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Supreme Court Allows Appeal in Customs Valuation Dispute — Mandamus Issued to Assess Imported Scrap on Transaction Value. Court Holds That Declared Transaction Value Must Be Accepted Unless Proper Officer Follows Procedure Under Section 14 and Rule 12 of Customs Valuation Rules, 2007.

The appellants, Century Metal Recycling Pvt. Ltd. and Gauri Shankar Agarwala, filed a writ petition before the Allahabad High Court challenging the pr...

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Bombay High Court Dismisses Petitions Challenging Premium and Interest Demands for Leasehold Land Conversion in Navi Mumbai. CIDCO's demand for premium and interest under Development Charges Rules and lease terms upheld as valid and not arbitrary.

The petitioners, Shelton Infrastructure Pvt Ltd, Neelkanth Infratech Co., and M/s. Juhi Habitat Pvt. Ltd., were lessees of plots in Navi Mumbai under ...

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Bombay High Court Allows Writ Petition in Income Tax Dispute — Direct Tax Vivad Se Viswas Act, 2020 Applicability. Court holds that a Miscellaneous Application under Section 254(2) of the Income Tax Act, 1961 filed against an appeal dismissed in limine is covered under the DTVSV Act, 2020.

The petitioner, Oerlikon Balzers Coating India Private Limited, filed a Writ Petition under Article 226 of the Constitution challenging the rejection ...

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Bombay High Court Allows Petitioner's Application Under Section 28-A of Land Acquisition Act, 1894, Condoning Delay Due to Lack of Knowledge. Delay in Filing Application for Enhanced Compensation Condoned as Petitioner Had No Knowledge of Reference Court Judgment and Acted Promptly.

The petitioner, Sheshabai @ Subhadrabai w/o Gyanoba Madale, owned land in Survey No./Gat No.227/5 and 227/9 at village Sakol, Taluka Shirur Anantpal, ...

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Bombay High Court Grants Bail to Accused in NDPS Case Due to Non-Commercial Quantity and Long Incarceration. The court held that the quantity of Codeine (200 grams) was less than commercial quantity (1000 grams), thus Section 37 NDPS Act not attracted, and granted bail considering the period of custody.

The applicant, Mukesh Rajaram Chaudhari, filed a bail application under the Narcotic Drugs and Psychotropic Substances Act, 1985 (NDPS Act) for offenc...