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Bombay High Court Allows Appeals for Enhanced Compensation in Land Acquisition for Playground. Market Value Fixed at Rs. 100 per sq.mtr. Based on Comparable Sale Deed, with Solatium and Interest Under Land Acquisition Act, 1894.

The case involves two appeals arising from a common land acquisition notification for a children's playground in Pimpri-Chinchwad. The land, admeasuri...

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Bombay High Court Upholds Revenue's View on Capital Gains Computation in Amalgamation Case. Assessee Not Entitled to Substitute Fair Market Value as on 1-1-1964 for Shares Acquired Under Sections 47 and 49 of Income Tax Act, 1961.

The case pertains to a reference under Section 256(1) of the Income Tax Act, 1961, at the instance of the assessee, M/s. Madhura Coats Ltd., arising f...

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Bombay High Court Enhances Compensation for Landowners in MSRTC Bus Depot Acquisition Relying on Prior Award. Market Value Determined Based on Prior Award in Identical Acquisition Proceedings Under Section 18 of Land Acquisition Act, 1894.

The case involved three land acquisition references under Section 18 of the Land Acquisition Act, 1894, filed by the landowners claiming enhanced comp...

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Bombay High Court Partly Allows Appeals in Land Acquisition Compensation Case — Market Value Fixed at Rs.24 per sq m Uniformly. Reference Court's Classification of Land into Two Categories Set Aside Under Land Acquisition Act, 1894.

The case involves two appeals against the Judgment and Award dated 8th August 2003 passed by the learned District Judge, Margao, in Land Acquisition C...

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Bombay High Court Allows Claimants' Appeal in Land Acquisition Case for Village Extension — Market Value Enhanced to Rs. 67,000 per Acre Based on Comparable Sale Deed. Deduction of 1/3rd for Development Applied to Sale Price of Rs. 1,00,000 per Acre Under Section 23 of Land Acquisition Act, 1894.

The case involves two cross-appeals arising from a land acquisition matter. The claimants' land measuring 1.23 H.R. (approx. 3 acres) in Mouza Asra, T...