High Court of Bombay at Goa Delivers Judgment in Writ Petition No. 403 of 2022 and P.I.L. Writ Petition No. 32 of 2022. The Court adjudicated connected matters involving multiple respondents and state/government authorities.
8 May 2025...
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14 result(s) found
Found 14 result(s)
Supreme Court
Supreme Court Clarifies Deduction of Broken Period Interest for Banks Treating Securities as Stock-in-TradeDeduction Allowed as Revenue Expenditure for Banks Holding Securities as Stock-in-Trade
16 Oct 2024The Supreme Court addressed the treatment of broken period interest for tax purposes. The issue centered on whether broken period interest could be de...
- 554
Supreme Court
Supreme Court Allows Set-Off Claim in Corporate Insolvency Resolution Process Under Insolvency and Bankruptcy Code, 2016. The court held that set-off is permissible during CIRP as it promotes efficiency and equity, and the moratorium under Section 14 does not automatically prohibit such adjustments when claims arise from mutual and connected transactions.
3 Jan 2024The appeal before the Supreme Court involved a dispute between Bharti Airtel Limited and Bharti Hexacom Limited (Airtel entities) and Aircel Limited a...
- 330
Supreme Court
Supreme Court Allows Appeal of Resolution Professional in IBC Moratorium Dispute. Section 14(1)(d) of Insolvency and Bankruptcy Code, 2016 prohibits owner from recovering property occupied by corporate debtor during moratorium, even under joint development agreement.
19 Feb 2020The appeal arose from a dispute concerning the interpretation of Section 14(1)(d) of the Insolvency and Bankruptcy Code, 2016 (IBC). The appellant, Ra...
- 325
High Court
Special Court at Bombay Delivers Judgment in Securities Fraud Case — Accused Face Charges Under IPC and Prevention of Corruption Act for Cheating, Forgery, and Criminal Conspiracy
1 Nov 2018This criminal case arises from the 1992 securities scam, which severely impacted India's economy. The prosecution alleged that multiple accused person...
High Court
Bombay High Court Dismisses Revenue's Appeal in Income Tax Penalty Case. Journal Entry Set-off for Loan Repayment Does Not Violate Section 269T of Income Tax Act, 1961, as It Is Not a Repayment but an Adjustment of Mutual Claims.
12 Jun 2012The case involves an appeal by the Commissioner of Income Tax against the order of the Income Tax Appellate Tribunal (ITAT) which deleted the penalty ...
- 144
High Court
Bombay High Court Quashes Revocation of Duty Credit Scrips under Served From India Scheme for Telecom Service Providers — Circular and Notices Set Aside for Lack of Authority and Violation of Natural Justice. The court held that the Director General of Foreign Trade cannot revoke benefits granted under the SFIS without hearing the beneficiaries, and that the Circular dated 15 July 2010 was ultra vires.
17 Jun 2011The petitioners, Vodafone Essar Ltd. and three other corporate entities, are telecom service providers operating as Indian Access Providers (IAP) or I...
- 52
High Court
Bombay High Court Allows Revenue Appeal in Section 80HHC Deduction Case — Net Interest on Fixed Deposits Cannot Be Considered for Computing Export Profits Deduction. The court held that Explanation (baa) to Section 80HHC of the Income Tax Act, 1961 requires exclusion of ninety per cent of gross interest receipts, not net interest, as the provision does not allow set-off of interest paid against interest received.
19 Mar 2010The case involves an appeal by the Revenue under Section 260A of the Income Tax Act, 1961, against the order of the Income Tax Appellate Tribunal (ITA...
- 60
High Court
Bombay High Court Quashes Reopening Notice in Income Tax Case Due to Lack of Fresh Material — Interest on Refund Net of Interest Paid Under Section 220 Was Fully Disclosed During Original Assessment
19 Mar 2010The petitioner, Arthur Anderson & Co., filed a writ petition under Article 226 of the Constitution challenging a notice dated 4 February 2009 issued b...
- 16
