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Supreme Court Dismisses Appeal of Bus Owner in Motor Accident Claim — Owner Held Liable for Compensation Due to Invalid Permit and Route Violation. Concurrent findings of fact that vehicle was plied without valid permit and on unauthorized route upheld; no interference warranted.

The appeal arose from a motor accident claim where the deceased, a 24-year-old Managing Director of a company, died in a collision with a bus owned by...

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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 Enhances Compensation for Land Acquisition in Nanded — Market Value Determined Based on Sale Deeds and Potential for Development. Belting Method Applied to Differentiate Land Abutting Road; Severance Damages, Solatium, and Interest Awarded Under Land Acquisition Act, 1894.

The appellants, original claimants, owned agricultural land in village Jigla, Tq. Biloli, Dist. Nanded, which was acquired by the State of Maharashtra...