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Supreme Court Upholds High Court in Capital Gains Tax Case — Accrual Occurs on Date of Award, Not Notification. Transfer of Capital Asset Under Section 45 of Income-tax Act, 1961 Is Complete Only When Compensation Is Determined by Collector's Award, Even if Possession Taken Earlier.

The case concerns the assessment year 1971-1972 for the assessee Amrik Singh HUF, whose land was acquired by the Haryana Government for a college play...

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High Court of Karnataka Dismisses Appeal in Ejectment Suit — Upholds Trial Court's Decree for Possession Based on Valid Title and Lease Termination. Tenant's Claim of Ownership and Adverse Possession Rejected as Unsubstantiated.

The case involves a Regular First Appeal filed under Section 96 of the Code of Civil Procedure, 1908, by the defendants in O.S.No.1291/2013 against th...

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Bombay High Court Allows Eviction Suit Against MSEB in Rent Control Dispute — State Government Not the Tenant. The court held that MSEB was the tenant and the suit was maintainable, setting aside the concurrent decrees of the lower courts.

The petitioner, The Hong Kong & Shanghai Banking Corporation Limited (HSBC), filed a writ petition challenging the concurrent judgments of the Small C...