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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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High Court of Bombay at Goa Dismisses Appeal Against Arbitral Award in Construction Contract Dispute. Court holds that arbitrators are not bound to give reasons for each item of claim and that the award is not liable to be set aside for non-speaking nature under the Arbitration Act, 1940.

The appellant, Board of Trustees of Port of Mormugao, a body corporate under the Major Port Trusts Act, 1963, entered into a contract dated 12/10/1985...

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Bombay High Court Dismisses Landowners' Challenge to Acquisition for Waghur Project Due to Delay and Laches. Petitioners' acceptance of compensation without protest for nearly 20 years bars them from challenging the acquisition under the Land Acquisition Act, 1894.

The judgment concerns two writ petitions filed by landowners challenging the acquisition of their lands for the Waghur Project in Jalgaon, Maharashtra...

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High Court of Karnataka, Kalaburagi Bench Disposes of Multiple Motor Accident Claims Appeals under Section 173(1) of MV Act. The appeals arose from awards of the Motor Accident Claims Tribunal concerning compensation for injuries and deaths in road accidents.

The High Court of Karnataka, Kalaburagi Bench heard a batch of miscellaneous first appeals filed under Section 173(1) of the Motor Vehicles Act, 1988,...

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High Court of Karnataka Dharwad Bench Considers Insurance Company and Claimant Appeals Against MACT Award Under Section 163A of Motor Vehicles Act. Dispute Centers on Maximum Compensation Payable for Deceased Motorcycle Rider and Pillion Rider's Death.

Background: The appeals arose from two motor accident claim petitions filed under Section 163A of the Motor Vehicles Act, 1988 before the Motor Accide...

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Gujarat High Court Dismisses Insurance Appeal in Motor Accident Case, Upholds 50:50 Contributory Negligence Apportionment. Both ST Bus and Truck Drivers Found Negligent Under Motor Vehicles Act, 1988.

The case arises from a motor accident on 12.01.2007 when an ST bus (GJ-18-V-8903) driven rashly rammed into a stationary truck (GJ-7-X-6523) parked wi...