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Bombay High Court Quashes Income Tax Reassessment Against Bharat Petroleum Corporation Limited for Alleged Wrong Dividend Exemption, Holding No Failure to Disclose Material Facts and Reopening Beyond Limitation is Invalid Under First Proviso to Reassessment Powers

Court’s Decision The Bombay High Court quashed reassessment notices and orders issued against Bharat Petroleum Corporation Limited for Assessment Years 2013-14 and 2014-15, holding that the Income Tax Department could…
July 6, 2025
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Bombay High Court Dismisses Section 34 Challenge to Arbitral Award: “Jurisdiction Cannot Be Reopened After Full Participation – Once the Tribunal has considered the issue of jurisdiction and passed a reasoned order, the same cannot be reopened under the guise of challenge under Section 34

Court’s Decision The Bombay High Court dismissed a petition filed under Section 34 of the Arbitration and Conciliation Act, 1996, challenging an arbitral award passed in favour of a public…
June 21, 2025