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Bombay High Court Dismisses Revenue's Appeal in Income Tax Derivative Transaction Case. Exchange Traded Derivatives Held Not Speculative Under Section 43(5) of Income Tax Act, 1961, with Retrospective Application of Clause (d) of Proviso.

The case involves an appeal by the Commissioner of Income-tax, Central-IV against the order of the Income Tax Appellate Tribunal (ITAT) in favor of th...

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Bombay High Court Allows Writ Petition by Educational Institutions Against School Tribunal Order — Held That Tribunal Erred in Granting Back Wages Without Considering Section 5 of MEPS Act. Reinstatement with Continuity Upheld but Back Wages Denied as Teacher Was Not Ready to Join Duty.

The petitioners, Hareshwar Shikshan Prasarak Mandal and Shree Malveer Vidyamandir, filed a writ petition challenging the order of the School Tribunal,...

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Bombay High Court Allows Medical College to Increase MBBS Seats from 100 to 150 for 4th Batch. Medical Council of India's Objection Based on Affiliation to Deemed University Rejected as Arbitrary Under Section 10(c) of Indian Medical Council Act, 1956.

The petitioner, Mahatma Gandhi Mission's Medical College, established in 1989 with permission for 100 MBBS students, sought renewal of permission for ...

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Bombay High Court Dismisses Petition Challenging Forest Department's Notice on Private Forest Land. Held that lands restored under Section 22A of Maharashtra Private Forests (Acquisition) Act, 1975 retain status of reserved forest under Indian Forest Act, 1927.

The Petitioner, Sinhagad Technical Education Society, claimed ownership of lands bearing Gat Nos. 310 and 311 at village Kusgaon Budruk, Taluka Maval,...

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Bombay High Court Allows Writ Petition Challenging ULC Act Proceedings — Proceedings Deemed Abated Under Repeal Act Due to Non-Completion of Vesting. Landowners' Successors Entitled to Benefit of Section 3 of ULC Repeal Act, 1999 as Physical Possession Not Taken.

The petitioners, Zainulabedin Abdul Razzak Kokni and others, filed a writ petition before the Bombay High Court challenging proceedings under the Urba...

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Madras High Court Dismisses Challenge to Land Acquisition for Kilambakkam Sky Walk Project; Holds District Gazette Publication Valid Under RFCTLARR Act, 2013. District Collector's Dual Role as Collector and Appropriate Government Upheld, and Writ Maintainable Despite Passing of Award.

The petitioners, owners of land in Kilambakkam Village, Chengelpet District, challenged the acquisition of their property for the construction of a sk...

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Bombay High Court Upholds Injunction Against Developer in Dispute Over Exhausted FSI and Conveyance Rights. Prima Facie, Developer's Attempt to Use TDR for Further Construction on Sector IV-A After Exhausting Consumable FSI Violates Cooperative Housing Societies' Right to Conveyance.

The Bombay High Court dealt with cross-appeals arising from an interim injunction granted in a suit filed by cooperative housing societies against the...