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Supreme Court Dismisses Assessee's Appeal in Income Tax Deduction Case Under Section 43B Explanation 3C. Interest Converted into Debentures Not Deemed Actually Paid as Per Retrospective Amendment, Disallowing Deduction Under Income Tax Act, 1961.

The dispute arose from an appeal by M.M. Aqua Technologies Ltd. against the Commissioner of Income Tax, Delhi-III, concerning the interpretation of Se...

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Supreme Court Allows Central Government's Appeal on Interest Calculation in Land Acquisition Execution Proceedings. Interest on Solatium Payable Only from Date of Sunder Judgment (19-09-2001) When Not Specifically Granted in Decree Under Land Acquisition Act, 1894.

The dispute originated from land acquisition proceedings where the Central Government acquired land from the respondents. An award was passed on 12.06...