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Bombay High Court Hears Writ Petition Challenging Taxation of Alleged Shortfall in Share Premium Under Transfer Pricing Provisions. The Dispute Centers on Whether Chapter X of the Income Tax Act, 1961 Can Apply When No Actual Income Arises from the International Transaction.

The petitioner, Vodafone India Services Pvt. Ltd., a wholly owned subsidiary of a non-resident holding company, issued 2,89,224 equity shares at a pre...

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"Supreme Court of India Resolves Complexities in Taxation of Mineral Rights" "Judgment Clarifies Legislative Powers and the Nature of Royalty in Mining Sector"

The Supreme Court of India addressed a significant dispute regarding the distribution of legislative powers between the Union and the States, specific...

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Bombay High Court Partially Allows Borrower's Waiver Challenge and ARCL's Interest Inclusion Petitions in SARFAESI Appeal Pre-Deposit Dispute. The Court reduced pre-deposit from 50% to 25% of debt due including interest, balancing the borrower's right to appeal and the secured creditor's interests.

The case involves cross-petitions arising from a common DRAT order dated 04 June 2024. The borrower, M/s Royal Traders, challenged the DRAT's refusal ...

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Bombay High Court Dismisses Petitioner's Challenge to Land Acquisition for Government Guest House at Jalandhar Beach, Diu. Acquisition for Tourism-Related Public Purpose Upheld Under Right to Fair Compensation and Transparency in Land Acquisition, Rehabilitation and Resettlement Act, 2013.

The petitioner, Uday Mansuclal, challenged the acquisition of his land bearing No. PTS 122/171-A admeasuring 481 square meters at Jalandhar Beach, Diu...

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Bombay High Court Upholds Maharashtra RTE Amendment Rules 2024 Exempting Private Unaided Schools Near Government/Aided Schools from 25% Quota. The Amendment Rules are held intra vires the RTE Act and Constitution, as they promote efficient resource allocation and prevent duplication of facilities.

The Bombay High Court dismissed a batch of petitions challenging the Maharashtra Right of Children to Free and Compulsory Education (Amendment) Rules,...

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NCLAT Dismisses Appeal of Operational Creditor Seeking Performance Pay Under IBC — Claim for Performance Pay Not an 'Operational Debt' Under Section 5(21) of IBC, 2016 as It Is Discretionary and Not Based on Provision of Goods or Services.

The appeal was filed by M. Ramakanth, an operational creditor, against the order of the National Company Law Tribunal, Hyderabad, which dismissed his ...