Demonetisation Deposits From Cash In Hand Cannot Be Rejected Without Evidence: Allahabad High Court

The Allahabad High Court on 8 April held that where a taxpayer explains cash deposits during 2016 Indian demonetization as arising from cash in hand, the Assessing Officer cannot reject the explanation in the absence of any material to the contrary. A Bench comprising Justices Shekhar B. Saraf and Abdhesh Kumar Chaudhary dismissed the appeal filed by the Principal Commissioner of Income Tax, Lucknow against Medharaj Techno Concept Pvt. Ltd. and upheld the order of the Income Tax Appellate...

Share Buyback Not Acquisition Of Property: Delhi High Court Deletes ₹16.33 Crore Tax Addition Against Globe Capital

The Delhi High Court has upheld the deletion of a Rs 16.33 crore addition against Globe Capital Market Ltd., holding that a company's buyback of its own shares does not amount to acquisition of “property” and Section 56(2)(x) of the Income Tax Act has no application to such transactions. A Division Bench of Justices Dinesh Mehta and Vinod Kumar dismissed the appeal filed by the Principal Commissioner of Income Tax, affirming the Income Tax Appellate Tribunal's decision, which had upheld relief...

Delhi High Court Refuses Ad Interim Injunction To More Than Water Against Nesco In 'My Water Box' Trademark Dispute

The Delhi High Court on Wednesday declined to grant temporary relief to More Than Water Private Limited against Nesco finding that the company had not been able to prima facie establish substantial goodwill in its “WATERBOX” marks, a key requirement in a passing off claim. While dismissing the plea, Justice Tushar Rao Gedela noted that the plaintiff's material fell short of demonstrating continuous use or meaningful sales that could support a claim of goodwill. The court pointed out that the...

Delhi High Court Imposes ₹10 Lakh Cost On Parle In B Fizz 'For The Bold' Trademark Dispute with PepsiCo

The Delhi High Court has recently imposed a cost of Rs 10 lakh on Parle Agro Private Limited for failing to file certificates of sales revenue every two months as directed in a trademark dispute with PepsiCo Inc., holding that while the lapse was not wilful, it constituted a “clear unambiguous and serious violation” of its order. PepsiCo had moved the court seeking action against Parle and its officers under Order XXXIX Rule 2A of the Code of Civil Procedure, 1908, a provision that empowers...

NCLT Bar Body Moves Allahabad HC Against Joint Scrutiny Of Allahabad Bench Filings, Alleges Repeated Defect Objections

The Company Law Tribunal Bar Association, Prayagraj, has moved the Allahabad High Court challenging a public notice dated February 27, 2026 issued by the Registrar of the National Company Law Tribunal (NCLT), Principal Bench, which alters the scrutiny mechanism for filings before the Jaipur and Allahabad Benches. Under the impugned notice, scrutiny of matters filed before the NCLT Jaipur Bench is to be undertaken by the Jaipur registry itself, while scrutiny of matters filed before the...

Bombay HC Quashes SCNs Against Foreign Exporter, Says Customs Act Had No Extra-Territorial Reach Pre-2018

The Bombay High Court has quashed show cause notices issued by customs authorities against a German textile machinery manufacturer and its Indian subsidiary, holding that the notices were without jurisdiction and that a foreign exporter cannot be made liable for alleged misdeclaration by Indian importers for a period prior to the 2018 amendment to the Customs Act. A Bench of Justice G. S. Kulkarni and Justice Aarti Sathe held that proceedings initiated against a foreign entity situated outside...

Bombay High Court Orders Fresh Review of V Ships' GST Refund Plea, Says Nature Of Service Not Determined

The Bombay High Court has recently set aside orders rejecting GST refund claims of V Ships India Pvt. Ltd., holding that the appellate authority failed to examine the terms of the service agreement before deciding whether the company's services were exports or intermediary services. A Bench of Justice G. S. Kulkarni and Justice Aarti Sathe said the absence of any findings on the agreement, which was relevant to determining the nature of services, vitiated the appellate orders. V Ships India...

Gateway Of India Jetty Construction Dispute: Bombay HC Refuses To Stop ₹31.86 Cr Bank Guarantee Encashment

The Bombay High Court has recently declined to restrain the invocation and encashment of bank guarantees worth Rs 31.86 crore in a dispute between RKEC Projects Limited and the Maharashtra Maritime Board over the construction of a passenger jetty and terminal near the Gateway of India in Mumbai. The ruling came on a petition under Section 9 of the Arbitration and Conciliation Act, 1996, which allows courts to grant temporary protection until disputes are decided through arbitration, before...

Delhi High Court Partly Sets Aside Arbitral Award For Denying Pre-Reference Interest Without Reasons

The Delhi High Court has held that where an arbitrator, despite finding prolonged and unjustified delay by an insurer in settling a claim, fails to provide reasons as mandated under Section 31(3) of the Arbitration and Conciliation Act, 1996 for denying pre-reference interest, the award suffers from patent illegality and is liable to be set aside. Partly setting aside an award in a dispute between Panchanan International Private Limited and the Oriental Insurance Company Limited, a Bench of...

Delhi High Court Holds 'May Be Referred To Arbitration' Clause Binding Where Agreement Prescribes Binding Process

The Delhi High Court has held that a dispute resolution clause in an arbitration agreement between Lifewell Diagnostics Private Limited and Micron Laboratory, which states that disputes “may be referred to arbitration”, can constitute a valid and binding arbitration agreement where the same clause prescribes a detailed procedure for arbitration and provides that the arbitral award shall be final and binding. A single bench of Justice Mini Pushkarna observed that the use of the word “may” does...

Article 226 Can Be Invoked Against Non Est MSME Award Violating Statutory Provisions: Bombay High Court

The Bombay High Court on 2 April, held that a writ petition under Article 226 is maintainable against an award passed by the Micro and Small Enterprises Facilitation Council when such award is non est in law and contrary to mandatory statutory provisions. Justice S.G. Chapalgaonkar observed that where an impugned award is passed in violation of the mandatory provisions of the MSMED Act, 2006 and the Arbitration and Conciliation Act, 1996, it cannot be treated as a valid arbitral award in the...

Delhi High Court Denies Injunction To Golfer Gurbaaz Mann, Finds No Prima Facie Copying In IGPL Event

The Delhi High Court on 10 April, dismissed an application for an interim injunction filed by professional golfer Gurbaaz Pratap Singh Mann, refusing to restrain entities from operating the “IGPL FLASH GOLF” tournament. Justice Tejas Karia held that while Mann owns a valid copyright in the literary work describing his golf format, he failed to establish a prima facie case of unauthorized copying by the organisers of the Indian Golf Premier League (IGPL). The Bench held:“...the Plaintiff has...