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High Court of Karnataka Adjudicates Batch of Petitions Challenging Constitutional Validity of Forest Development Tax Notification. Petitioners Alleged Notification Ultra Vires Article 246 and Forest (Conservation) Act, 1980, Seeking to Quash Demand Notices.

A batch of writ petitions was filed before the High Court of Karnataka by various mining companies, corporations, and individuals, including National ...

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Gujarat High Court Allows Additional Compensation Under Section 30(3) of RFCTLARR Act, 2013 for Land Acquired Under National Highways Act, 1956 — Multiplier Factor-2 Already Applied, Yet Solatium Payable on Market Value from Preliminary Notification Date

The petitioners, whose lands were acquired under the National Highways Act, 1956, filed writ petitions seeking the benefit of additional compensation ...

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Supreme Court Allows Revenue Appeal in CENVAT Credit Case — Works Contract Service Classification Upheld. CENVAT Credit on Input Services for Works Contract Held Inadmissible Under Rule 2(l) of CENVAT Credit Rules, 2004.

The present appeal arises from a judgment of the Customs, Excise and Service Tax Appellate Tribunal (CESTAT) at Allahabad dated 09.11.2017, which allo...

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Bombay High Court Dismisses Petition Challenging LIC's Reduction in Gratuity Fund Policy Surrender Value. LIC's decision to pay 92.5% of cash accumulation upheld as consistent with policy terms and not arbitrary.

The petitioners, trustees of the Godrej & Boyce Manufacturing Company Limited Employees’ Gratuity Trust Fund, had taken out a group gratuity policy ...

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Karnataka High Court Hears Appeals Against Specific Performance Decree in Agricultural Land Sale Agreement Dispute. The dispute involved claims of tampering, cancellation of agreement, and subsequent sales to third parties.

The appeals arise out of a suit for specific performance of an agreement to sell agricultural lands bearing various survey numbers, measuring a total ...

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High Court of Bombay Hears First Appeal and Cross-Objections Against Land Acquisition Compensation Award. Court Reviews Reference Court's Enhancement to Rs. 15 per sq. meter and Parties' Contentions on Valuation and Notice.

The appeal and cross-objections arose from a reference court award under the Land Acquisition Act, 1894. The State acquired 18,430 sq. meters of land ...

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High Court of Karnataka Reduces Compensation in Land Acquisition Appeal — State Partly Successful. Court holds that Reference Court's reliance on non-comparable exemplar sale deeds was erroneous, reducing market value from Rs.3,00,000/- to Rs.2,25,000/- per acre under Land Acquisition Act, 1894.

The State of Karnataka and other appellants filed an appeal under Section 54(1) of the Land Acquisition Act, 1894 against the Judgment and Award dated...

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Bombay High Court Hears SEBI's Application to Recall Sanction of Composite Scheme in Fertilizers Merger Case. Securities Regulator Alleges Material Non-Disclosure and Accounting Violations in Scheme Involving Listed and Unlisted Companies Under Companies Act, 1956.

The Securities and Exchange Board of India (SEBI) filed applications on 21.02.2013 seeking recall of orders of the Bombay High Court dated 17.06.2011 ...

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Supreme Court Allows Revenue's Appeal in Income Tax Case on Unexplained Investment in Silver Bullion. Section 69A of Income Tax Act, 1961 Applicable Where Assessee Fails to Explain Source of Acquisition of Silver Found in Possession.

The present appeals were filed by the Revenue against the judgment of the Rajasthan High Court which allowed the appeals of the assessee, Prakash Chan...