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Supreme Court Allows Government Appeal in Land Acquisition Case, Quashing High Court's Lapse Declaration. Acquisition Proceedings Do Not Lapse Under Section 24(2) of the 2013 Act as Possession Was Taken in 1981, Fulfilling One of the Twin Conditions Required for Deemed Lapse.

The dispute arose from a land acquisition initiated under the Land Acquisition Act, 1894, with a notification issued in 1965 and an award declared in ...

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Supreme Court Allows Appeal in Land Acquisition Case, Quashing High Court's Lapse Declaration. Acquisition Did Not Lapse Under Section 24(2) of the 2013 Act as Possession Was Taken, Despite Non-Payment of Compensation, Following Overruling of Pune Municipal Corporation Precedent.

The dispute arose from a land acquisition case where the Delhi Development Authority appealed against a High Court judgment that declared the acquisit...

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Supreme Court Allows Assessees in Interest Tax Act Case on Hire-Purchase Instalments. Hire-purchase agreements are distinct from loans, and interest component in instalments is not taxable under Section 2(7) of the Interest-Tax Act, 1974, as it does not constitute interest on loans and advances.

The dispute involved a batch of civil appeals concerning the tax liability of non-banking finance and leasing companies under the Interest-Tax Act, 19...