Search Results for "Comparable Sales Method"

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Supreme Court Allows Appeal for Enhanced Compensation in Land Acquisition Case — Blue Zone Classification Not Proved by State. Market Value Determined at Rs. 100 per sq. ft. Based on Comparable Awards for Similar Lands Acquired for Same Purpose Under Land Acquisition Act, 1894.

The case pertains to the acquisition of land owned by the appellant, Kazi Akiloddin, for the construction of a flood protection wall in Akola, Maharas...

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Bombay High Court Allows Claimants' Appeals in Land Acquisition Case for Police Training School — Enhances Compensation from Rs. 150 to Rs. 200 per sq. mtr. Market Value Determined by Comparable Sale Method Under Land Acquisition Act, 1894, with Statutory Benefits of Solatium and Additional Amount.

The case involves appeals under Section 54 of the Land Acquisition Act, 1894, against a common judgment and award dated 08/04/2013 passed by the Refer...

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Bombay High Court Quashes Reassessment Notices Under Section 148 of Income-Tax Act, 1961 for Lack of Reasonable Belief of Income Escaping Assessment. Notices Issued Beyond Four Years Without Fresh Material Held Invalid.

The petitioner, Sea Sagar Construction Co., a partnership firm, filed three writ petitions challenging notices dated 19 January 2012 issued under Sect...

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Supreme Court Allows Appeal in Customs Valuation Dispute — Mandamus Issued to Assess Imported Scrap on Transaction Value. Court Holds That Declared Transaction Value Must Be Accepted Unless Proper Officer Follows Procedure Under Section 14 and Rule 12 of Customs Valuation Rules, 2007.

The appellants, Century Metal Recycling Pvt. Ltd. and Gauri Shankar Agarwala, filed a writ petition before the Allahabad High Court challenging the pr...

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High Court of Bombay at Goa Partially Allows State Appeal in Land Acquisition Case, Reduces Compensation Rate. Reference Court's enhancement of market value from Rs. 100 to Rs. 350 per sq.mt. set aside; rate reduced to Rs. 200 per sq.mt. based on comparable sale instances.

The case pertains to a State appeal under Section 54 of the Land Acquisition Act, 1894, challenging the Judgment and Award dated 12/03/2007 passed by ...

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Bombay High Court Allows Revenue's Appeal in Transfer Pricing Case — Royalty on Bad Debts Not Deductible Without Actual Sales. ITAT erred in deleting disallowance of royalty paid on bad debts where software did not work, as no sale occurred.

The case involves an appeal by the Commissioner of Income Tax under Section 260A of the Income Tax Act, 1961, against an order of the Income Tax Appel...

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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...