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Bombay High Court Allows Revision Application of Lessor in Rent Control Exclusion Case. Company That Lost Rent Control Protection Due to High Paid-Up Share Capital Cannot Regain It by Subsequent Reduction.

The case involves a dispute between M/s. Depe Global Shipping Agencies Pvt. Ltd. (Plaintiff/Lessor) and M/s. Mather and Platt (India) Ltd. (Defendant/...

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Karnataka High Court Reserves Judgment on Cross Appeals in Land Acquisition Act, 1894 Dispute. Court Considers Market Value Determination and Development Charges Deduction for Acquired Land.

The case involved cross appeals arising from a land acquisition compensation dispute under the Land Acquisition Act, 1894. The landowner, Nalini, owne...

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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...

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Supreme Court Upholds Tax Authorities in Madras Urban Land Tax Act — Act Held Constitutionally Valid. Levy of 0.4% on Market Value of Urban Land Under Madras Urban Land Tax Act, 1966 Not Violative of Articles 14 and 19(1)(f), and Retrospective Operation Reasonable.

The case concerned the constitutional validity of the Madras Urban Land Tax Act, 1966, which levied a tax on urban land at 0.4% of its market value. T...

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Bombay High Court Partially Allows Appeal in Land Acquisition Case, Enhances Compensation for Land Acquired for Road Construction. The court enhanced compensation from ₹52/- to ₹200/- per sq.mt. under Section 18 of the Land Acquisition Act, 1894, considering location and amenities.

The appellant, Jacinto Baretto Miranda, owned land in Margao, Goa, which was acquired by the government for road construction. Possession was taken in...

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Bombay High Court Dismisses Appeals Against Arbitral Award in Partnership Dispute — Upholds Valuation Based on Book Value as Per Partnership Deed. Clause-11 of Partnership Deed Mandates Asset Valuation on Book Value Basis, Not Market Value, Under Section 48 of Indian Partnership Act, 1932.

The case involves two appeals filed by Dr. Vijaypat Singhania and others (Appeal No. 361 of 2010) and Dr. Gaur Hari Singhania and others (Appeal No. 5...

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Bombay High Court Dismisses Claim for Enhanced Compensation in Land Acquisition Reference for Municipal Market and Housing. Claimant failed to prove inadequacy of compensation awarded by SLAO under Section 18 of Land Acquisition Act, 1894.

The case is a Land Acquisition Reference under Section 18 of the Land Acquisition Act, 1894, filed by the claimant, Pundalik Raghunath Mahulkar, seeki...

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High Court Quashes Stamp Duty Demand and Order in Writ Petition by Petitioner Against State of Maharashtra Under Maharashtra Stamp Act, 1958 Due to Time-Barred Proceedings and Erroneous Computation

The Petitioner, challenged Demand Notices and an Order by the Collector of Stamps and CCRA under the Maharashtra Stamp Act, 1958, alleging a deficit i...