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Supreme Court Upholds Validity of Section 17(2)(viii) of Income Tax Act and Rule 3(7)(i) of Income Tax Rules in Bank Employee Loan Perquisite Case. Delegation of Power to Prescribe Fringe Benefits Held Not Excessive and Use of SBI Prime Lending Rate as Benchmark Upheld as Non-Arbitrary.

The Supreme Court, in a common judgment, dismissed appeals filed by staff unions and officers' associations of various banks challenging the constitut...

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Bombay High Court Allows Appeal in Motor Accident Claim Case Due to Breach of Policy Conditions Not Proved by Insurance Company. Claimants entitled to compensation as insurer failed to establish that vehicle was used for commercial purpose in violation of policy terms.

The case arises from a motor accident claim petition filed by Rambhau Gawai and his two sons (appellants) under Section 166 of the Motor Vehicle Act, ...

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Bombay High Court Dismisses Appeal Against BMC's Alternate Accommodation Offer in Beautification Project. Court upholds BMC's policy requiring deposit of 6 months stallage charges and self-construction of stalls by project affected persons.

The appellants, original plaintiffs, were occupants of commercial structures on land belonging to the Municipal Corporation of Greater Mumbai (BMC) fo...

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Bombay High Court Dismisses Petition Challenging Enforcement Committee Decision in Textile Quota Fraud Case. Petitioner Found to Have Forged Visas and Fabricated Bank Realisation Certificates to Obtain Premium Quota.

The petitioner, M/s. Minar Exports, challenged a decision of the Enforcement Committee constituted under a notification dated 12 November 1999 by the ...

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Bombay High Court Dismisses Petition Seeking Dehiring of Flat by Defence Department — No Enforceable Right to Dehiring Policy Found. Writ of Mandamus Cannot Be Issued to Enforce a Policy That Does Not Confer a Legal Right on the Petitioner.

The petitioner, M/s. Chemox Exports Imports Pvt. Ltd., filed a writ petition under Article 226 of the Constitution of India seeking a writ of mandamus...

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High Court of Karnataka Quashes KIADB Order Demanding Excess Lease Premium in Industrial Land Allotment — Refund of Rs. 100 Lakhs Ordered with Interest. KIADB Cannot Charge Premium Exceeding Government-Notified Rate Under Section 3(1) of Karnataka Industrial Areas Development Act, 1966.

The petitioner, Hadee Forging Private Limited, a company incorporated under the Companies Act, 1956, was allotted 2 acres of industrial land by the Ka...