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Supreme Court Allows Regulatory Appeal on Trial Forum under Securities and Exchange Board of India Act, 1992. Procedural Amendment to Section 26 by the 2002 Amendment Act Held Retrospective, and All Pending Trials for Pre-2002 Offences Must Proceed Before Special Court as per the 2014 Amendment.

The Supreme Court addressed a batch of appeals and writ petitions concerning the correct forum for trial of offences under the Securities and Exchange...

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High Court of Karnataka Allows Revision Petitions in VAT Reassessment Cases — Reassessment Orders Set Aside for Non-Compliance with Section 39(1) of KVAT Act, 2003. Mandatory Pre-Decision Hearing Requirement Not Waived Despite Assessee's Participation in Subsequent Proceedings.

The judgment concerns five revision petitions filed under Section 65(1) of the Karnataka Value Added Tax Act, 2003 (KVAT Act) against orders of the Ka...

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Bombay High Court Allows Petition Quashing Tahsildar's Order Levying Royalty on Excavated Material for Construction. Section 48 of Maharashtra Land Revenue Code, 1966 Does Not Empower Tahsildar to Levy Royalty on Material Excavated for Building Foundation or Plinth.

The petitioner, P.S.C. Pacific, a registered partnership firm, filed a writ petition before the Bombay High Court challenging an order dated 11/8/2010...

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Bombay High Court Allows Writ Petition Challenging Tahsildar's Demand for Royalty on Excavated Material During Construction. Held that Tahsildar lacks jurisdiction to levy royalty on material excavated pursuant to valid development permission under MRTP Act and NA permission under MLR Code.

The petitioner, originally Flagship Infrastructure Pvt Ltd and now Paranjape Schemes (Construction) Limited, filed a writ petition challenging a show ...

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Bombay High Court Allows Writ Petition Challenging Royalty Demand on Excavated Material from Development Site. Tahsildar lacks jurisdiction to levy royalty under Section 48 of Maharashtra Land Revenue Code, 1966 for excavation during construction pursuant to valid development permission.

The petitioner, Paranjape Schemes (Construction) Ltd., a company engaged in real estate development, filed a writ petition before the Bombay High Cour...

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Supreme Court Allows Revenue's Appeal in Gypsum Board Tax Classification Case. Holds that Gypsum Board Falls Under 'Gypsum in All Its Forms' Entry in Rajasthan VAT Act, Taxable at 4%.

The Supreme Court allowed the appeals filed by the Additional Commissioner (Legal), Commercial Taxes, Rajasthan and another against the judgment of th...

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Supreme Court Hears Appeals on Forum for Trial in SEBI Act Cases — Retrospective Application of 2002 and 2014 Amendments Disputed. Court Considers Whether Change from Magistrate to Sessions Court and Subsequent Special Courts Affects Pre‑2002 Offences Still Pending.

This batch of appeals and petitions before the Supreme Court concerned the proper forum for trial of offences under the Securities and Exchange Board ...