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Bombay High Court Allows Petition Declaring Lapsing of Land Reservation Under Section 127 of MRTP Act Due to Non-Acquisition Within Ten Years. Landowner Held Entitled to Develop Land After Reservation Lapses Automatically Without Need for Representation.

The petitioner, Pralhad Tulsiram Bundele, owned land bearing Survey No.31/4, area 1.09 HR, at Village Khel Traymbak Narayan, Taluka Achalpur, District...

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Bombay High Court Quashes Reassessment Notice Under Section 148 of Income Tax Act, 1961 for Lack of Fresh Material. Reopening Based on Mere Change of Opinion on Disallowance Under Section 40(a)(ia) is Invalid.

The petitioner, M/s. NDT Systems, a partnership firm engaged in non-destructive testing business, filed its return of income for assessment year 2007-...