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Bombay High Court Dismisses Revenue's Appeal in Notional Loss Claim on Securities Reclassification. Tribunal's order allowing deduction of notional loss on transfer of securities from 'Available for Sale' to 'Held to Maturity' based on RBI guidelines upheld.

The case involves an appeal by the Commissioner of Income Tax-2 against an order of the Income Tax Appellate Tribunal (ITAT) dated 15 July 2011. The I...

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Supreme Court Dismisses Revenue Appeal on Interpretation of Section 80J of Income Tax Act; Holds That Profits of New Industrial Undertaking Must Be Computed as Per Total Income Without Re-Deducting Past Losses Already Set Off.

The case involved a dispute under Section 80J of the Income Tax Act, 1961, concerning the deduction available to a new industrial undertaking. The res...

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High Court of Karnataka Upholds Validity of RERA Rules Requiring Registration of Ongoing Projects Without Prior Approvals. Rule 18(8) and Rule 31(9) of Karnataka Real Estate (Regulation and Development) Rules 2017 held intra vires the Real Estate (Regulation and Development) Act, 2016.

The case involves three writ appeals filed by real estate developers (M/s. Panchmal Properties, M/s. Sri Nandana Builders, and another) against an ord...

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Supreme Court Adjudicates Appeals by Sahara Companies on SEBI's Regulatory Powers Over OFCDs. Case centers on Section 55A(b) Companies Act and compliance with DIP Guidelines for issuance of optionally fully convertible debentures.

The case involved two Sahara Group companies, Sahara India Real Estate Corporation Limited (SIRECL) and Sahara Housing Investment Corporation Limited ...

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High Court of Karnataka Dharwad Bench Considers Writ Petitions Challenging Labour Court Orders Dismissing Interlocutory Applications. The Petitions, Filed Under Articles 226 and 227 of the Constitution, Seek Certiorari Against Orders Dated 18.06.2025 in Various KID Proceedings.

The High Court of Karnataka, Dharwad Bench, heard and reserved judgment on a batch of writ petitions filed by BDK Valves Private Limited, a company in...

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Bombay High Court Considers Validity of DRAT Orders on Pre-Deposit Waiver and Status Quo in Secured Asset Auction. Legal Question Concerns Applicability of Section 18 Pre-Deposit Requirement to Appeals Dismissing Condonation of Delay and Challenging Sale Certificate.

The judgment concerns two writ petitions filed by an auction purchaser (Aloukik Construwell LLP) and a secured creditor (HDFC Bank Limited) challengin...

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Supreme Court Dismisses Appeal Against Tender Cancellation in Public Procurement Case — State's Decision to Cancel Tender Upheld as Not Arbitrary Under Article 14 of the Constitution.

The appeal arose from a High Court order dismissing a writ petition challenging the cancellation of a tender by the State. The appellant, a bidder, co...

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Bombay High Court Dismisses Writ Petition Challenging Mutation Entry in Land Revenue Records — No Substantial Question of Law Arises as Dispute Pertains to Civil Rights and Title.

The petitioners, Tejram Hajare and others, filed a writ petition before the Bombay High Court, Nagpur Bench, challenging mutation entries made in the ...

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Bombay High Court Quashes Reassessment Notices Under Section 148 of Income Tax Act, 1961 for Lack of Reason to Believe — Amount Received on Retirement from Partnership Firm Held to be Capital Receipt Not Chargeable to Tax.

The petitioners, Prashant S. Joshi and Dattaram Shridhar Bhosale, were partners in a real estate development partnership firm. They retired from the p...