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High Court of Karnataka Quashes ESIC Complaint Against Director for Non-Payment of Contribution Under Section 85(A) of ESI Act — Complaint Filed Without Proper Sanction and Authorization. Director Cannot Be Held Vicariously Liable Without Specific Averment of Role in Day-to-Day Management.

The petitioner, Mr. Naseer Ahmed, a director of M/s Bombay Rayon Fashions Limited-Unit 16, filed a writ petition under Articles 226 and 227 of the Con...

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Bombay High Court Allows Appeal in ESI Act Case — Conveyance Allowance Excluded from Wages Under Section 2(22)(b). Conveyance allowance paid to employees for actual travel expenses is not 'wages' under the ESI Act, 1948, and no contribution is payable on such amount.

The appellant, Paramount Agencies Pvt. Ltd., a company covered under the Employees' State Insurance Act, 1948, received a letter dated 31.01.1991 from...

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Supreme Court Allows Revenue's Appeal in Income Tax Case on Bonus Shares - Averaging Original Cost Over All Shares. When Bonus Shares Rank Pari Passu, the Correct Method to Compute Profit or Loss is to Spread the Cost of Original Shares Over Both Original and Bonus Shares.

This case involved the method of computing profit or loss on the sale of bonus shares in the hands of a dealer in shares. The respondent, Gold Mohore ...

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WRIT PETITION NO.739 OF 2021

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