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Bombay High Court Dismisses Petition Challenging Property Tax Reassessment Under Maharashtra Municipal Councils, Nagar Panchayats and Industrial Townships Act, 1965 — Held That Notice Under Section 116(2) Is Not a Condition Precedent for Reassessment Under Section 116(1).

The petitioners, owners of a property in Baramati, challenged the reassessment of property tax by the Baramati Nagar Parishad. The property was origin...

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Supreme Court Upholds High Court in Capital Gains Tax Case — Accrual Occurs on Date of Award, Not Notification. Transfer of Capital Asset Under Section 45 of Income-tax Act, 1961 Is Complete Only When Compensation Is Determined by Collector's Award, Even if Possession Taken Earlier.

The case concerns the assessment year 1971-1972 for the assessee Amrik Singh HUF, whose land was acquired by the Haryana Government for a college play...

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Bombay High Court Allows Withdrawal of Writ Petition with Liberty to File Fresh Petition in Municipal Corporation Property Dispute. Court permits petitioners to withdraw petition challenging demolition notice, reserving right to file fresh petition with proper pleadings.

The petitioners, Siesta Industrial & Trading Corporation, M/s JAJ Creations Impex Pvt. Ltd., and Paresh P. Parekh, filed a writ petition before the Bo...

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Bombay High Court Allows Petition Challenging Cooperative Society's Bye-Law Amendment for Non-Compliance with Section 22 of Maharashtra Co-operative Societies Act, 1960. Amendment to Bye-Law 26(c) set aside as notice of meeting did not contain proposed amendment.

The petitioner, Sadguru University CHS Ltd., filed a writ petition challenging the amendment to Bye-Law 26(c) of the respondent society, Sadguru Premi...