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Bombay High Court Allows Petitions Challenging Rejection of Refund Applications Under Maharashtra Stamp Act. Refund of Stamp Duty on Deemed Cancellation of Agreements for Sale Allowed Where Agreements Were Not Registered and No Instrument of Cancellation Was Executed.

The Petitioners, Qwik Supply Chain Pvt Ltd and another, filed two Writ Petitions challenging the orders dated 07.03.2015 and 08.02.2018 passed by the ...

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High Court of Karnataka Quashes Stamp Duty Demand in Karnataka Appellate Tribunal Order for Lack of Notice and Limitation — Karnataka Stamp Act, 1957 Sections 45-A and 46-A Demand Set Aside as Time-Barred and Violative of Natural Justice.

The petitioners, Sri B C Prasad and Sri Guru Prasad, filed a writ petition under Articles 226 and 227 of the Constitution of India before the High Cou...

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Bombay High Court Dismisses Challenge to Arbitral Award in Electricity Transmission Contract Dispute. Court upholds majority award granting escalation costs and interest to contractor for delays caused by principal.

The petitioner, Maharashtra State Electricity Transmission Co. Ltd., challenged a majority arbitral award dated 6 January 2017 under Section 34 of the...

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Supreme Court Allows Reversioners' Suit for Possession Against Tenant of Life Tenant. Life Tenant's Lease Does Not Survive Her Death; Tenant Becomes Trespasser.

The appeal arises from a judgment of the High Court of Punjab and Haryana in a second appeal, which reversed the trial court's decree for possession i...

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Bombay High Court Allows Appeal in Income Tax Case: Investment in Shares of Private Company for Acquiring Control Held as Capital Asset, Not Stock-in-Trade. Shares held for 31 months with transfer restrictions cannot be treated as trading asset under Income Tax Act, 1961.

The appellant, Accra Investments Private Ltd., filed an appeal under Section 260A of the Income Tax Act, 1961 against the order dated 25 April 2012 of...

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Bombay High Court Quashes Impounding Order in Stamp Duty Dispute — License Agreement for Telecom Infrastructure Not a 'Lease' Under Bombay Stamp Act. Agreement for installation of cellular mobile towers on rooftops held to be a license, not a lease, thus not liable to stamp duty as a lease.

The petitioners, Bharti Telventures Limited and Sunil Bharti Mittal, were licensees under Section 4 of the Indian Telegraph Act, 1885, to set up and o...