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Supreme Court Dismisses Revenue’s Appeal, Holding Compensation for Partial Termination of Agency is Capital Receipt. Termination of Agency for Territory Outside Hyderabad State Results in Sterilisation of Capital Asset, Not Taxable as Business Income Under Indian Income-tax Act, 1922.

The dispute arose from the income tax assessment of Messrs. Vazir Sultan & Sons, a registered firm, for the assessment year 1951-52. The firm was appo...

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High Court of Karnataka Adjudicates Multiple Appeals on Land Acquisition Compensation for Minor Irrigation Tank. Reference Court's Enhanced Market Value Challenged by Both State and Land Losers.

The High Court of Karnataka Kalaburagi Bench heard a conglomeration of appeals filed under Section 54(1) of the Land Acquisition Act, 1894, and cross-...

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High Court of Karnataka Passed Judgment in Appeals Filed Under Section 54(1) of Land Acquisition Act, 1894. The Court Considered Challenges by State and Landowners Against Reference Court's Compensation Determination for Lands Acquired for Minor Irrigation Tank.

The case involves multiple appeals and cross-objections filed under Section 54(1) of the Land Acquisition Act, 1894, and Order 41 Rule 22 of the Code ...

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High Court of Karnataka Hears and Decides Batch of Appeals Under Land Acquisition Act, 1894 Regarding Compensation for Kakhandaki Village Lands. The Court Examined Market Value Determinations Made by the Reference Court Under Sections 18 and 54 of the Land Acquisition Act, 1894.

Background: A batch of appeals and cross objections were filed before the High Court of Karnataka under Section 54(1) of the Land Acquisition Act, 189...

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Bombay High Court Dismisses Petitions Challenging SARFAESI Act Applicability to Cooperative Banks and Arbitration Awards. Multi-State Cooperative Bank held to be a 'bank' under SARFAESI Act, and arbitration under Multi-State Cooperative Societies Act does not bar subsequent SARFAESI proceedings.

The judgment concerns three writ petitions filed by borrowers challenging actions taken by Abhyudaya Co-operative Bank Ltd. and Piramal Capital and Ho...

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High Court of Karnataka Dismisses Civil Revision Petition for Abatement Due to Failure to Implead Legal Representatives of Deceased Respondent. Delay of 5637 days in seeking substitution not condoned as no sufficient cause shown, resulting in abatement of appeal against deceased respondent.

The petitioner, Sri K.K. Monnappa, filed a civil revision petition under Section 115 of the Code of Civil Procedure, 1908, challenging an order dated ...

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Supreme Court Dismisses Appeals Against Criminal Complaint for Conspiracy to Illegally Acquire Foreign Exchange. Majority Held that Section 21(1) of the Foreign Exchange Regulation Act, 1947 Does Not Exclude Applicability of Section 120-B of the Indian Penal Code for Continuing Conspiracy.

The Rayala Corporation (P) Ltd. manufactured Halda typewriters in India using materials imported from Sweden. Appellant no.1, Lennart Schussler, a Swe...