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High Court Sanctions Scheme of Amalgamation Between Transferor and Transferee Companies Despite Intervenor Objection. Non-Disclosure of Pre and Post Capital Structure in Explanatory Statement Did Not Invalidate Scheme When Shareholders Had Sufficient Information Under Section 393 of Companies Act, 1956.

The transferor company, Chemidye Manufacturing Company Pvt. Ltd., and the transferee company, Thirumalai Chemicals Ltd., both engaged in similar chemi...

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High Court of Karnataka Quashes Criminal Proceedings Against Partner in Corruption Case Due to Lack of Sanction Under Section 19 of Prevention of Corruption Act, 1988. Proceedings Initiated Without Valid Sanction for Prosecution of a Public Servant Are Void Ab Initio.

The petitioner, K. Janardhana Reddy, a partner of M/s S.B. Logistics, filed a petition under Section 482 of the Code of Criminal Procedure, 1973, seek...

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High Court of Karnataka Dismisses Revenue's Appeal in Income Tax Penalty Case — Tribunal's Order Upheld for Lack of Substantial Question of Law. Penalty under Section 271(1)(c) of the Income Tax Act, 1961 for alleged concealment of income was deleted by the Tribunal on finding no deliberate concealment.

The case pertains to an appeal filed by the Revenue under Section 260A of the Income Tax Act, 1961 against the order of the Income Tax Appellate Tribu...

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Court Quashes Recovery of Educational Allowance from Clerk with Disabled Child. Three-Year Delay and Lack of Misrepresentation Cited in Favor of Petitioner Challenging CCP Memorandum

A petitioner challenged a memorandum issued by the Corporation of the City of Panaji (CCP) seeking to recover Rs.48,000/- paid as Children’s Educati...

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Supreme Court Allows Revenue's Appeal in Income Tax Case — Amalgamated Company Must File Return for Pre-Amalgamation Period. Section 153A Notice Validly Issued to Transferor Company Despite Amalgamation, and Failure to File Return Attracts Penalty Under Section 276CC.

The Supreme Court allowed the appeal filed by the Principal Commissioner of Income Tax (Central) against the order of the Delhi High Court, which had ...

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Bombay High Court Dismisses Challenge to Amendment of Section 88 of Maharashtra Co-operative Societies Act, 1960. Insertion of Third and Fourth Provisos Permitting Government Extension of Time for Inquiry Against Delinquent Promoters is Constitutionally Valid and Not Retrospective Penal Legislation.

The dispute arose from an inquiry under Section 88(1) of the Maharashtra Co-operative Societies Act, 1960 initiated against former directors of the Ma...

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High Court Allows Writ Petition by Cooperative Society Against Ministerial Order Halting Inquiry Under Maharashtra Cooperative Societies Act - Restores Statutory Inquiry into Financial Irregularities by Former Directors

The High Court allowed a writ petition filed by Petitioner challenging an order passed by the Minister for Cooperation that halted a statutory inquiry...

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Bombay High Court Upholds Suspension Orders of Municipal Officers Under Section 56(1)(b) of BPMC Act for Disciplinary Enquiry. The court overruled a previous Division Bench decision that had restricted the provision to criminal proceedings, holding that suspension pending enquiry into charges is valid.

The case involved a writ petition filed by five officers of the Navi Mumbai Municipal Corporation challenging their suspension orders. The petitioners...