Bombay High Court Upholds Validity of GPF Nomination in Favor of Deceased’s Mother: Rules Nomination Does Not Automatically Become Invalid Upon Marriage, Directs Widow to Return 50% GPF Amount and Seek Succession Claim Through Civil Court
Posted inNews

Bombay High Court Upholds Validity of GPF Nomination in Favor of Deceased’s Mother: Rules Nomination Does Not Automatically Become Invalid Upon Marriage, Directs Widow to Return 50% GPF Amount and Seek Succession Claim Through Civil Court

Court’s Decision The Bombay High Court overturned the judgment of the Central Administrative Tribunal (CAT), Mumbai Bench, which had earlier ordered that the General Provident Fund (GPF) amount be equally…
February 11, 2025
Bombay High Court Upholds Penalty Under Section 271(1)(c): Transfer of Revalued Stock-in-Trade to Partnership Firm, Followed by Immediate Withdrawals, Held as a Tax Evasion Device—"A Mere Disclosure in Books Does Not Amount to Full and True Disclosure"Bombay High Court Upholds Penalty Under Section 271(1)(c): Transfer of Revalued Stock-in-Trade to Partnership Firm, Followed by Immediate Withdrawals, Held as a Tax Evasion Device—"A Mere Disclosure in Books Does Not Amount to Full and True Disclosure"
Posted inNews

Bombay High Court Upholds Penalty Under Section 271(1)(c): Transfer of Revalued Stock-in-Trade to Partnership Firm, Followed by Immediate Withdrawals, Held as a Tax Evasion Device—”A Mere Disclosure in Books Does Not Amount to Full and True Disclosure”

Court’s Decision The Bombay High Court upheld the penalty of ₹33,34,096 imposed under Section 271(1)(c) of the Income Tax Act, 1961, ruling that the appellant had engaged in a “device”…
February 4, 2025
Bombay High Court Dismisses Review Petition by Unaided Minority Institution: "AICTE Pay Scale Regulations Are Binding; Financial Hardship No Justification for Denying Assistant Professors’ Salaries Under VI and VII Pay Commissions"
Posted inNews

Bombay High Court Dismisses Review Petition by Unaided Minority Institution: “AICTE Pay Scale Regulations Are Binding; Financial Hardship No Justification for Denying Assistant Professors’ Salaries Under VI and VII Pay Commissions”

Court’s Decision The Bombay High Court dismissed a review petition filed by an unaided minority educational institution challenging a ruling that directed it to pay Assistant Professors salaries as per…
February 4, 2025