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Supreme Court Dismisses Revenue's Appeal in Income Tax Act Case Upholding Revisional Jurisdiction. Commissioner Validly Set Aside Assessment Order as Payment to Shareholders Was Not 'Cost of Improvement' Under Capital Gains Computation Under Sections 48 and 263 of Income Tax Act, 1961.

The dispute arose from an income tax assessment concerning the sale of a property named 'Paville House' by the respondent assessee, a company engaged ...

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Supreme Court Dismisses Appeals by Nagpur Improvement Trust Challenging High Court Order Setting Aside Demolition Notice. Internal Road Not Shown in Development Plan Under MRTP Act Cannot Be Implemented Despite Earlier Scheme Under NIT Act.

The case involves a dispute over a 15-metre internal road proposed under a Town Planning Scheme (the 'Abhyankar Road Widening and Buty Mahal Street Sc...

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Bombay High Court Quashes Additional Development Charges Demand by Nagpur Improvement Trust on Transferee of Regularized Plot. NIT Lacks Competency to Impose Additional Charges After Regularization Under Maharashtra Gunthewari Act, 2001.

The petitioner, Pramod Ganpatrao Pinge, challenged a demand notice issued by the Nagpur Improvement Trust (NIT) calling upon him to pay additional reg...

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Bombay High Court Dismisses Second Appeal as Infructuous in Nagpur Improvement Trust Demolition Case. Suit Challenging Demolition Notice Becomes Infructuous After Rejection of Regularization Application by Subsequent Memo.

The case involves a second appeal filed by the Nagpur Improvement Trust (appellants) against the judgment in Regular Civil Suit No. 571 of 2002. The o...

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Bombay High Court Quashes Slum Acquisition Notice Against Cooperative Housing Society for Non-Compliance with Section 14(1) of Maharashtra Slum Act. Failure to Consider Petitioner's Compliance and Lack of Proper Inquiry Renders Acquisition Invalid.

The petitioner, The Reserve Bank Employees' Snehdhara Cooperative Housing Society Ltd., filed a writ petition under Articles 226 and 227 of the Consti...

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Bombay High Court Dismisses Suit for Declaration of Title and Possession in Property Dispute Between Brothers. Consent Decree and Subsequent Transfers Bar Reopening of Title Under Section 9A CPC.

The plaintiff, Naresh Lachmandas Aswani, filed a suit against his brother Haridas (defendant no.1) and two companies (defendant nos.2 and 3) seeking a...