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Supreme Court Allows Land Losers' Appeal in Land Acquisition Compensation Case Due to Improper Reliance on Government Floor Rates. Market Value Must Be Determined Based on Sale Exemplars Under Section 18 of Land Acquisition Act, 1894, as Small Sale Instances Cannot Be Ignored for Large Tracts.

The dispute arose from the acquisition of lands in Sultanpur, Gurugram, for constructing Express Highway Phase VII under the Land Acquisition Act, 189...

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Supreme Court Allows Assessees in Interest Tax Act Case on Hire-Purchase Instalments. Hire-purchase agreements are distinct from loans, and interest component in instalments is not taxable under Section 2(7) of the Interest-Tax Act, 1974, as it does not constitute interest on loans and advances.

The dispute involved a batch of civil appeals concerning the tax liability of non-banking finance and leasing companies under the Interest-Tax Act, 19...