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Bombay High Court Quashes Collector's Order in Stamp Duty Dispute — Auction Sale Consideration Prevails Over Market Value. Stamp duty on sale certificate must be computed on actual auction sale consideration, not market value, under Maharashtra Stamp Act, 1958.

The petitioner, Shweta Aditya Malhotra, purchased a property through an auction sale conducted by the Collector of Stamps, Andheri Division, Mumbai, f...

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Bombay High Court Dismisses Petition Challenging Rejection of Plaint Rejection Application Under Order VII Rule 11 CPC. Court holds that valuation for court fees and jurisdiction is a mixed question of law and fact not to be decided at preliminary stage.

The petitioner, M/s Prism Reality, filed a writ petition under Article 227 of the Constitution challenging the order dated 30.07.2014 passed by the le...

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High Court of Karnataka Allows Writ Petition Challenging Rejection of Application for Return of Plaint on Pecuniary Jurisdiction Grounds. The court held that the Trial Court must determine jurisdiction based on proper valuation and cannot merely accept the plaintiff's valuation without scrutiny.

The petitioners, defendants in a civil suit, challenged an order of the IV Additional Civil Judge and JMFC, Belgaum, dated 19.09.2014, rejecting their...

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Supreme Court Dismisses Revenue Appeals in Wealth Tax Matter, Upholding Balance Sheet Valuation Absent Assessee's Proof. Fixed Assets Valuation Under Section 7(2)(a) of the Wealth Tax Act, 1957, Confirmed Where Assessee Failed to Show Written Down Value Was True Value.

The case arose from wealth tax assessments of Tungabhadra Industries Ltd. for the years 1957-58, 1958-59, and 1959-60 under the Wealth Tax Act, 1957. ...

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High Court of Bombay Hears First Appeal and Cross-Objections Against Land Acquisition Compensation Award. Court Reviews Reference Court's Enhancement to Rs. 15 per sq. meter and Parties' Contentions on Valuation and Notice.

The appeal and cross-objections arose from a reference court award under the Land Acquisition Act, 1894. The State acquired 18,430 sq. meters of land ...

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High Court of Karnataka Allows Writ Petition in Final Decree Proceedings — Mesne Profits Must Be Determined Before Auction Sale. Held that mesne profits under Section 2(12) CPC are a substantive right that cannot be deferred until after the sale of property in final decree proceedings.

The petitioner, Sri S.P. Suresh, filed a writ petition under Articles 226 and 227 of the Constitution of India challenging two orders passed by the XV...