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High Court of Karnataka Declares Police Interference in Gold Loan Business Arbitrary and Violative of Fundamental Rights. Writ of Mandamus Issued Restraining Police from Seizing Pledged Gold Articles, Allowing Only Examination by Summoning.

The petitioner, Muthoot Finance Limited, a company incorporated under the Companies Act, 1956, engaged in the business of gold loans, filed a writ pet...

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Supreme Court Allows Assessees' Appeals in Interest Tax Dispute on Hire-Purchase Transactions. The interest component in hire-purchase instalments is not taxable under Section 2(7) of the Interest-Tax Act, 1974 as hire-purchase transactions are not loans or advances.

The Supreme Court allowed the appeals filed by M/s Muthoot Leasing and Finance Limited and other assessees, setting aside the judgment of the Kerala H...

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Supreme Court Allows Assessees in Interest Tax Act Case on Hire-Purchase Instalments. Hire-purchase agreements are distinct from loans, and interest component in instalments is not taxable under Section 2(7) of the Interest-Tax Act, 1974, as it does not constitute interest on loans and advances.

The dispute involved a batch of civil appeals concerning the tax liability of non-banking finance and leasing companies under the Interest-Tax Act, 19...

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Bombay High Court Upholds Life Conviction for Murder of Pregnant Wife in Dowry-Related Killing. Dying Declaration and Circumstantial Evidence Sufficient to Sustain Conviction Under Section 302 IPC, But Conviction Under Section 316 IPC Set Aside for Lack of Proof of Quickening.

The appellant, Sudarshan Narayan Mengade, was convicted by the Sessions Court, Pune for the murder of his wife Sheetal and for causing the death of he...

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High Court of Karnataka Acquits Accused in Murder Case Due to Lack of Credible Evidence and Inconsistencies in Prosecution Case. Conviction under Section 302 IPC Set Aside as Circumstantial Evidence Fails to Establish Guilt Beyond Reasonable Doubt.

The appellant, Hanumantharayappa, was convicted by the IV Additional District and Sessions Judge, Madhugiri, in Sessions Case No. 81/2013 for the offe...

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Bombay High Court Dismisses Petitions by Non-Signatories Under Section 37 of Arbitration Act. Third Parties Cannot Appeal Interim Arbitral Orders Absent Privity of Arbitration Agreement.

The dispute arose from arbitration proceedings between Excel Metal Processors Pvt. Ltd. (respondent no.1) and Shakti International Private Limited (re...

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Karnataka High Court Adjudicates Writ Petitions Challenging Mandatory Pre-Deposit under Section 35F of Central Excise Act, 1944. The court examined whether the mandatory deposit requirement violated Articles 14, 19(1)(g) and 265 of the Constitution of India.

The High Court of Karnataka heard a batch of writ petitions filed by several assessees, including Hindustan Petroleum Corporation Ltd., Prestige Garde...

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High Court of Karnataka Acquits Accused in Murder Case Due to Insufficient Circumstantial Evidence. Conviction under Sections 120B, 302, 201 r/w 34 IPC set aside as prosecution failed to prove guilt beyond reasonable doubt.

The judgment pertains to a criminal appeal filed by four accused persons convicted by the I Additional District and Sessions Judge, Davanagere, in S.C...