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High Court of Bombay Examines Jurisdictional Challenge to Transfer Pricing Adjustment on Equity Share Issuance. Whether Alleged Shortfall in Premium Constitutes Income from International Transaction Under Chapter X of Income Tax Act, 1961.

Vodafone India Services Pvt. Ltd. (the Petitioner), a wholly owned subsidiary of a non-resident holding company, required funds for its telecommunicat...

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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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Bombay High Court Examines Cut-off Date for Workmen Dues in Winding Up of Swadeshi Mills. Official Liquidator's Calculation Up to Appointment of Provisional Liquidator Challenged by Workmen Seeking Dues Up to Winding Up Order.

The matter concerns a company application filed by five workmen of M/s Swadeshi Mills Co. Ltd., which was wound up. The company had approximately 2970...

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Bombay High Court Considers Challenges to Caste Certificate Invalidation and Related Government Resolutions in OBC Reservation Dispute. Petitioner's Caste Claim of Vaishyawani Rejected by Scrutiny Committee on Ground That He Belongs to Wani Caste, Not Covered Under OBC List.

The dispute arose from the invalidation of the caste claim of Vishwanath Pandurang Mahadeshwar, an elected Municipal Corporator from Ward No.86 of the...

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Bombay High Court Dismisses Petition of MBBS Student Seeking Transfer to Preferred College Despite Already Holding a Seat in Another Government Medical College — Hilly Area Reservation Seat Allocation Upheld as Per Rules

The petitioner, Akhilesh Kalyan Chothe, a minor represented by his father, filed a writ petition seeking transfer from Government Medical College, Nag...

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Bombay High Court Allows Writ Petition Challenging Seed License Cancellation Without Proper Hearing. Natural Justice Violated as Show-Cause Notice and Personal Hearing Not Provided Before Cancellation Under Section 19 of Seeds Act, 1966.

The petitioner, Panchaganga Seeds Ltd., a company incorporated under the Companies Act, 1956, engaged in the business of seeds, held a license under t...