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Supreme Court Dismisses Land Owners' Appeals in Land Acquisition Compensation Case. Solatium Under Section 30(1) of the 2013 Act Held Calculable Only on Market Value and Assets, Excluding Additional 12% Under Section 30(3).

The case involves two Special Leave Petitions filed by land owners whose land was acquired for the Metro Railway project under the Metro Railways (Con...

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Supreme Court Upholds Validity of Section 17(2)(viii) of Income Tax Act and Rule 3(7)(i) of Income Tax Rules in Bank Employee Loan Perquisite Case. Delegation of Power to Prescribe Fringe Benefits Held Not Excessive and Use of SBI Prime Lending Rate as Benchmark Upheld as Non-Arbitrary.

The Supreme Court, in a common judgment, dismissed appeals filed by staff unions and officers' associations of various banks challenging the constitut...

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Bombay High Court Allows Appeal in Land Acquisition Compensation Case — Potentiality of Land for Non-Agricultural Use Considered Despite Restrictions Under Goa Land Use Act. Deduction of 50% from Sale Price of Unrestricted Land Accepted as Basis for Compensation.

The appellant, Shri Pandhari D'Souza Kuttikar, filed an appeal against the judgment and award dated 30.05.2006 passed by the Reference Court, which re...

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Bombay High Court Adjudicates Writ Petition Against IGST Demand of Rs.1524 Crores on Arbitration Award Damages. Issue Pertains to Whether Damages Paid Under Deemed Decree Constitute Consideration for Taxable Service Under IGST Act, 2017.

The dispute centers on a writ petition filed by Tata Sons Private Limited (Tata) under Article 226 of the Constitution of India, challenging an intima...

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Bombay High Court Hears Writ Petition Challenging Taxation of Alleged Shortfall in Share Premium Under Transfer Pricing Provisions. The Dispute Centers on Whether Chapter X of the Income Tax Act, 1961 Can Apply When No Actual Income Arises from the International Transaction.

The petitioner, Vodafone India Services Pvt. Ltd., a wholly owned subsidiary of a non-resident holding company, issued 2,89,224 equity shares at a pre...