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Bombay High Court Grants Stay on Tax Recovery in Gift of Shares Case Under Section 56(1) of Income Tax Act, 1961. Court allows stay of recovery pending appeal, subject to conditions protecting revenue, without deciding merits of taxability of gift of shares.

The petitioner, M/s. Nerka Chemicals Private Limited, a wholly owned subsidiary of Demuric Holdings Private Limited (DHPL), challenged an order dated ...

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Bombay High Court Dismisses Second Appeal in Specific Performance Suit — Upholds Concurrent Findings of Readiness and Willingness. Agreement to Sell for Agricultural Land Partly Performed; Purchaser's Failure to Pay Balance Consideration and Objection to Private Survey Not Valid Grounds to Deny Decree.

The respondent (original plaintiff) and his five sisters were co-owners of agricultural land bearing Gat No.122 admeasuring 27 Ares at Village Marnewa...

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Supreme Court Dismisses Landlord's Appeal, Upholds Tenancy Rights of Mortgagee's Tenants Under Rajasthan Tenancy Act. Tenants Inducted by Mortgagee Gain Khatedar Status Under Section 15 of Rajasthan Tenancy Act, 1955, and Cannot Be Ejected Upon Redemption of Mortgage.

The Supreme Court adjudicated an appeal arising from an ejectment suit by the appellant-landlord against respondents-tenants who were inducted by a mo...

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Bombay High Court Quashes Minister's Order Canceling Cinema License for Lack of Jurisdiction and Non-Speaking Order. Appellate Authority Under Section 8A of Bombay Cinemas (Regulation) Act, 1953 Cannot Cancel License Without Recording Findings on Grounds Under Section 6.

The petitioners, Deepak Joshi and the legal representatives of Ravi K. Appu, challenged an order dated 28.01.1999 passed by the State Minister (Home),...

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High Court of Madras Disposes of Batch of Writ Petitions Challenging Income Tax and GST Assessment Orders, Suo Motu Impleads State Bank of India. No specific legal finding or ratio is discernible from the available text.

The High Court of Madras heard a batch of writ petitions filed by multiple corporate entities, including Aqua Terra Coke and Energy Limited (formerly ...