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Supreme Court Dismisses Appeal Against Arbitral Award Upholding Forfeiture of Security Deposit and Detention of Equipment in Contract Dispute. Termination of Contract for Poor Performance and Failure to Transport Export Container Held Justified Under Arbitration and Conciliation Act, 1996.

The appeal arose from a dispute between M/s Vijay Trading and Transport Company (appellant) and Central Warehousing Corporation (respondent) concernin...

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Bombay High Court Dismisses Petition Challenging CAT Order Denying Promotion from 2010. Petitioner's claim for promotion from 22 November 2010 rejected as he was not eligible on that date.

The petitioner, Chandrakant C. Mishra, a Tax Assistant (Group C) aged 61, filed a writ petition before the Bombay High Court challenging the order of ...

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Bombay High Court Upholds Validity of Bombay Stamp Act Provisions on Sale Certificates in Execution Proceedings. Interpretation of 'Instrument' under Section 147 of Delhi Municipal Corporation Act Not Extended to Bombay Stamp Act.

The case involves a reference under Section 113 of the Code of Civil Procedure, 1908, made by the Principal District Judge, Aurangabad, to the Bombay ...

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Bombay High Court Acquits Accused in CBI Bribery Case Due to Lack of Independent Witnesses and Procedural Lapses. Demand and Acceptance of Bribe Not Proved Beyond Reasonable Doubt Under Sections 7 and 13(1)(d) of Prevention of Corruption Act, 1988.

The appellant, Rajesh Mopkar, a clerk in the Income Tax Office, Nagpur, was convicted by the Special Judge, Nagpur, for demanding and accepting a brib...

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Bombay High Court Dismisses Petition Challenging VAT Investigation Post-GST. Section 78 of Maharashtra GST Savings Act Held Valid as It Continues VAT Act Only for One Year from Appointed Day as Permitted by Constitution Amendment.

The petitioner, Magma Fincorp Limited, a non-banking finance company registered under the Maharashtra Value Added Tax Act, 2002 (VAT Act), challenged ...

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Bombay High Court Dismisses Petition Seeking Refund and Directions in Income Tax Matter as Appeal Already Decided by Tribunal. Tribunal had remanded the matter to Assessing Officer for fresh adjudication, rendering the petition infructuous.

The petitioner, Manubhai Harvondas Patel, filed a writ petition before the Bombay High Court seeking refund of Rs.8,23,999/- plus Rs.17,03,704/- along...

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Bombay High Court Allows Assessee in Income Tax Reference Under Section 256(1) of Income Tax Act, 1961 — Profits on Sale of Machinery Not Taxable Under Section 41(2) as Depreciation Was Claimed by Dissolved Firm, Not by Assessee.

The case involves a reference under Section 256(1) of the Income Tax Act, 1961 by the Income Tax Appellate Tribunal, Mumbai, for the opinion of the Bo...