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Bombay High Court Dismisses Revenue's Appeal in Slump Sale Case. Transfer of IMFL Business as Going Concern Not Subject to Capital Gains Tax Under Income Tax Act, 1961.

The case involves an appeal by the Revenue under Section 260A of the Income Tax Act, 1961 against an order of the Income Tax Appellate Tribunal (ITAT)...

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Bombay High Court Quashes Circulars Including Dealer's PDI and Free After-Sales Service Costs in Assessable Value of Vehicles — Circulars Held Ultra Vires Section 4 of Central Excise Act, 1944.

The petitioner, M/s. Tata Motors Ltd., a manufacturer of vehicles, challenged clause 7 of Circular No. 643/34/2002CX dated 1st July, 2002 and Circular...

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Bombay High Court Dismisses Writ Petition Challenging Charity Commissioner's Orders in Public Trust Property Lease Dispute. Court upholds Joint Charity Commissioner's refusal to sanction lease of trust agricultural land for non-agricultural purpose under Section 36 of Maharashtra Public Trusts Act, 1950.

The petitioners, who claimed to be agriculturists and interested in taking agricultural land on lease from the respondent trust, filed a writ petition...

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Gujarat High Court Allows Land Acquisition Appeals Despite Limitation, Emphasizes Liberal Approach for Illiterate Claimants. The court held that delay in filing reference under Section 18 of the Land Acquisition Act, 1894 should be condoned when claimant is illiterate and not advised about limitation.

The present appeals arise from a common judgment of the Gujarat High Court concerning land acquisition matters. The appellant, Bhalabhai Fatabhai Khan...

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Supreme Court Dismisses Appeal in Evacuee Property Dispute, Upholding Sale of Specified Area Under Displaced Persons Act. Property Transfer Limited to Area in Sale Certificate and Conveyance Deed, with Additional Areas Requiring Payment as per Chief Settlement Commissioner's Orders Under Section 24(1).

The appeal before the Supreme Court arose from a property dispute concerning 'Spring Field', an evacuee property in Shimla. The appellants, legal heir...

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Supreme Court Dismisses Revenue's Appeal in Central Excise Valuation Case Due to Incorrect Adoption of Highest Price. Valuation Must Be Based on Most Conservative Price Under Rule 6(b)(i) of Central Excise Rules, 1994, as Per Precedents on Normal Wholesale Cash Price.

The Supreme Court of India heard an appeal filed by the revenue against an order of the Customs Excise & Service Tax Appellate Tribunal (CESTAT) dated...

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Bombay High Court Allows Appeal Against CESTAT Predeposit Order in Central Excise Valuation Dispute. The Court held that the Tribunal must consider prima facie case, balance of convenience, and financial hardship while deciding waiver of predeposit under Section 35F of the Central Excise Act, 1944.

The appellant, Hyva (India) Private Limited, is engaged in body building on motor vehicle chassis supplied by Tata Motors Limited. Tata Motors clears ...