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Bombay High Court Allows Writ Petition Challenging MRT Order Setting Aside SDO's Possession Order Under Section 120(c) of MTAL Act — MRT Exceeded Jurisdiction by Entertaining Revision Beyond Limitation and Allowing Amendment Without Notice.

The petitioner, a Public Trust registered under the Bombay Public Trust Act, owned agricultural land survey 209 admeasuring 35 acres at mouza Umarkhed...

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Bombay High Court Quashes Reopening Notice Under Section 148 of Income Tax Act, 1961 for Lack of Fresh Material. Assessment Reopened Beyond Four Years Based on Same Facts Already Considered During Original Assessment Under Section 143(3) — Held That Change of Opinion Does Not Justify Reopening.

The petitioner, Sanand Properties Pvt. Ltd., filed a writ petition under Article 226 of the Constitution challenging a notice dated 11 January 2011 is...

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Bombay High Court Quashes 'C' Summary Report in Cheating Case — Directs Further Investigation Under Section 173(8) CrPC. Court finds that the investigating officer failed to examine crucial documents and witnesses, rendering the summary report premature and based on incomplete investigation.

The petitioner, Dharmil Anil Bodani, filed a criminal writ petition under Article 227 of the Constitution of India and Section 482 of the Code of Crim...

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Supreme Court Dismisses Assessee's Appeal Against Inclusion of Interest Credits as Taxable Income Under Section 4(1)(a) of Income-tax Act, 1922. Mercantile System Credit Entries for Interest from Own Shop in Native State Treated as Income Received in British India.

The assessee, ordinarily resident in British India, carried on business at Khurja and Aligarh in India and at Chistian in the Indian State of Bahawalp...

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Bombay High Court Examines Taxability of Insurance Claim for Dead Horses under Section 41(1) of Income Tax Act, 1961. Revenue Treated Insurance Receipts as Deemed Profits While Assessee Contended They Were Capital Receipts Not Taxable as Business Income.

The dispute arose from income tax appeals filed by an assessee engaged in the business of breeding, rearing, and selling racehorses since 1967. The as...

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Bombay High Court Rules on Personal Effects Exclusion Under Section 2(14) Income Tax Act in Vintage Car Capital Gains Appeal. Intimate Connection with Person Required; Mere Capability of Personal Use Does Not Make Asset Personal Effects.

Background — The appeal arose from an income tax assessment for assessment year 1992-1993 concerning the sale of a vintage car. The assessee, a sala...