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Bombay High Court Dismisses Municipal Corporation's Challenge to Land Acquisition Compensation Award. Market Value Determined by Ready Reckoner Rates Upheld for Recreational Ground Reservation.

The Municipal Corporation of Greater Mumbai challenged an award dated 3rd November 2017 by the Sub-Divisional Officer, which determined compensation o...

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High Court of Karnataka considers power of Income Tax Appellate Tribunal to direct fresh enquiry under Section 254 of Income Tax Act, 1961 in a buy-back taxation case. The court formulates the substantial question of law regarding suo motu directions leading to potential enhancement of tax liability.

The appeal before the High Court of Karnataka arose from an order of the Income Tax Appellate Tribunal (ITAT) concerning the tax treatment of a buy-ba...

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Bombay High Court Partly Allows Claimants' Appeal for Enhanced Compensation in Land Acquisition Case. Market Value of Irrigable Land Fixed at 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 proceeding for the K.P.M.P. irrigation project in Akola, Maharashtra. The claimant...

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Bombay High Court Dismisses Winding Up Petition in Commission Dispute. Debt Held Bona Fide Disputed Under Sections 433(e) and 434 of Companies Act, 1956.

The petitioner, Total Sports & Entertainment India Pvt. Ltd., filed a winding up petition under Sections 433(e) and (f) and 434 of the Companies Act, ...