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Bombay High Court Allows Revenue Appeal in Part on Mutuality Principle for Effluent Treatment Association. Interest on Bank Deposits Held Taxable as Income from Investments, Not Covered by Mutuality.

The case involves an appeal by the Revenue under Section 260A of the Income Tax Act, 1961 against a decision of the Income Tax Appellate Tribunal for ...

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Bombay High Court Allows Revision by Statutory Body in Suit for Accounts — Suit for Accounts Not Maintainable Against Statutory Body Without Contractual Right. Plaint Rejected Under Order 7 Rule 11(d) CPC as Barred by Law.

The case involves a civil revision application filed by the Maharashtra Water Supply and Sewerage Board (defendant) challenging an order of the Civil ...

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Bombay High Court Dismisses State's Appeal in Land Acquisition Case, Upholds Market Value of Rs.14 per sqm for New Bombay Satellite City. Cross Objection for Enhancement Dismissed as Time-Barred Under Order 21 Rule 22 CPC.

The State of Maharashtra appealed against the Judgment and Award dated 30 November 1995 passed by the Land Acquisition Officer in a Reference under Se...

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Bombay High Court Quashes Reassessment Notice in Income Tax Case Due to Change of Opinion. Reopening of Assessment Under Section 148 of Income Tax Act, 1961 Based on Mere Change of Opinion Without New Material is Invalid.

The petitioner, M/s. Rabo India Finance Limited, a non-banking financial company, challenged a notice dated 28.3.2011 issued under Section 148 of the ...

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Bombay High Court Dismisses Winding Up Petition for Unpaid Consultancy Fees Due to Bona Fide Dispute. Disputed liability under Financial Advisor Agreement not admitted by company, held not a ground for winding up under Sections 433 and 434 of Companies Act, 1956.

The petitioner, Meghraj Capital Advisors Private Limited, filed a winding up petition under Sections 433 and 434 of the Companies Act, 1956 against Sa...

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Bombay High Court Dismisses Students' Petitions Challenging University Attendance Ordinance. Ordinance Requiring 75% Attendance for Examination Eligibility Upheld as Valid Academic Regulation Not Violative of Fundamental Rights.

The petitioners, a group of students from various colleges affiliated with Rashtrasant Tukadoji Maharaj Nagpur University, challenged the validity of ...