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Supreme Court Allows Deductions Under Sections 80-IA and 80-HHC of Income Tax Act Without Restriction Under Section 80-IA(9) — Holds That Each Deduction Is Computed on Eligible Profits Separately and Cumulative Deduction Is Permissible Up to Gross Total Income.

The case involved a group of appeals concerning the interpretation of Section 80-IA(9) of the Income Tax Act, 1961, specifically whether an assessee w...

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Supreme Court Allows Appeal by Legal Representatives of Deceased Driver in Motor Accident Claim — Restores Tribunal Award of Rs.23,07,000. High Court's Reduction of Income and Consortium Set Aside Based on Precedents on Notional Income and Consortium Entitlement.

The appellants, legal representatives of a deceased truck driver, sought compensation for his death in a motor accident on 08.05.2014. The Motor Accid...

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Supreme Court Partially Allows Appeal in Motor Accident Claim — Mother of Deceased Entitled to Dependency Compensation, Married Daughter Only Entitled to No-Fault Liability Under Section 140 of Motor Vehicles Act, 1988

The case arises from a motor accident claim under the Motor Vehicles Act, 1988. On 26 January 2008, the deceased, Paras Sharma, was riding a two-wheel...

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Supreme Court Upholds Enhanced Compensation for Land Acquired Under Land Acquisition Act, 1894. Market Value Assessment Based on Auction Sale Prices with Deductions for Development Held Reasonable, Affirming High Court's Decision.

The dispute arose from cross-appeals concerning the assessment of market value for land acquired under the Land Acquisition Act, 1894, in Narsingi and...

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Supreme Court Allows Appeal in Customs Duty Exemption Case — Crude Degummed Soyabean Oil Not an Agricultural Product Under Notification No. 53/2003-Cus. Nexus Between Imported and Exported Products Established Under DFCE Scheme.

The appellant, Noble Resources and Trading India Private Limited (formerly Andagro Services Pvt. Ltd.), a government-recognized two-star export house,...