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Supreme Court Allows Appeal in Public Trust Election Dispute, Upholding Change Report Under Bombay Public Trusts Act, 1950. Working President Had Authority to Convene Election Meeting and Defaulting Members Were Not Entitled to Notice Under Section 15 of Societies Registration Act, 1860.

The appeal arose from a dispute over a change report filed under the Bombay Public Trusts Act, 1950, regarding elections in Shikshan Prasarak Mandal, ...

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Supreme Court Allows Appeal in Income Tax Case: Subscriptions Received Under Collective Investment Schemes Held to be Capital Receipts Not Income. Peerless General Finance's Subscriptions Not Forfeited During Assessment Years, Hence Not Taxable as Income.

The appeal arose from a dispute between The Peerless General Finance and Investment Company Ltd. (appellant) and the Commissioner of Income Tax (respo...

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High Court of Karnataka Quashes Disqualification of APMC Member for Non-Attendance of Meetings — Section 17(2) of Karnataka Agricultural Produce Marketing (Regulation and Development) Act, 1966 Requires Prior Notice of Meetings to Member Before Disqualification.

The petitioner, Sri Jayaram, was elected as a member of the Agricultural Produce Marketing Committee (APMC), Yeshwanthapura, Bengaluru, from Jigani-7 ...

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Bombay High Court Dismisses Appeal in Trust Membership Dispute, Upholding Charity Commissioner's Order Accepting Change Report. Notice Requirements Under Bombay Public Trust Act, 1950 Must Be Strictly Complied With for Valid Election of Trust Members.

The appellant, Santosh Agrawal, and respondent no.2, Rambhau Mahajan, were founder members of the trust 'Shri Sadashivrao Patil Shikshan Sanstha, Kamp...

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Bombay High Court Allows Arbitration Petitions by Cab Company Against Drivers, Appoints Sole Arbitrator. Arbitration clause in Driver Agreement survives termination under Section 11 of the Arbitration and Conciliation Act, 1996.

The petitioner, Meru Cab Company Private Limited, filed four arbitration petitions under Section 11 of the Arbitration and Conciliation Act, 1996, see...

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Bombay High Court Grants Interim Injunction Under Section 9 of Arbitration Act to Prevent Payment to Contractor Pending Arbitration — Share Subscription Agreement and Concession Agreement Form Composite Transaction

The petitioner, Welspun Enterprises Limited, filed a petition under Section 9 of the Arbitration and Conciliation Act, 1996, seeking an interim injunc...

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Bombay High Court Allows Appeal in Income Tax Case: Investment in Shares of Private Company for Acquiring Control Held as Capital Asset, Not Stock-in-Trade. Shares held for 31 months with transfer restrictions cannot be treated as trading asset under Income Tax Act, 1961.

The appellant, Accra Investments Private Ltd., filed an appeal under Section 260A of the Income Tax Act, 1961 against the order dated 25 April 2012 of...