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Bombay High Court Quashes Reopening Notice Under Section 148 of Income Tax Act, 1961 for Venture Capital Fund — No Failure to Disclose Material Facts. Reopening Based on Mere Change of Opinion on Applicability of Section 10(23FB) Exemption is Invalid.

The petitioner, DHFL Venture Capital Fund, is a trust registered as a venture capital fund under SEBI (Venture Capital Fund) Regulations, 1996. It fil...

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Bombay High Court Dismisses Writ Petition Challenging Concurrent Findings in Suit for Injunction and Possession. The court held that under Article 227 of the Constitution of India, interference with concurrent findings of fact is not warranted unless there is a perverse finding or patent error of law.

The petitioner, Zircon Venture Cooperative Housing Society Ltd., filed a writ petition under Article 227 of the Constitution of India challenging the ...

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Bombay High Court Upholds Constitutional Validity of Time Limit for Availing Input Tax Credit Under Section 16(4) of CGST Act. The court held that the time limit is mandatory and not directory, and retrospective amendments are valid.

The Bombay High Court, in a batch of writ petitions, addressed the constitutional validity and interpretation of Section 16(4) of the Central Goods an...

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High Court of Karnataka Dismisses Appeals of Employees and Club in Industrial Dispute Over Termination and Reinstatement — Upholds Labour Court's Award of Reinstatement with Backwages for Employees Terminated Without Compliance of Section 25F of Industrial Disputes Act, 1947.

The case involves a batch of writ appeals filed by employees of M/s. Bangalore Turf Club Ltd. and the Club itself, arising from an industrial dispute ...

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Supreme Court Quashes One-Year Renewal of Stage Carriage Permits Under Section 58 of Motor Vehicles Act, 1939. Renewal Period Must Conform to Original Permit Period, Minimum Three Years.

The case originated from the expiry of stage carriage permits held by the petitioners on March 31, 1958. They applied for renewal before the Regional ...