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Supreme Court Dismisses Timber Buyer's Claim for Uncut Logs After Vesting of Jagir. Property in Standing Timber Did Not Pass Before Severance Under Sale of Goods Act, 1930 Sections 18 and 21; Vesting Under Madhya Pradesh Abolition of Proprietary Rights Act, 1950 Extinguished Right to Cut Trees.

The dispute arose from a timber sale contract executed on August 5, 1949 between Thakur Randhirshah, Jagirdar of Sonpur Jagir, and Ram Narain Mahto, a...

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Bombay High Court Hears Suit for Specific Performance of Contract for Sale of Property at Bandra, Mumbai. Contractual Dispute Centers on Vendor's Obligation to Provide Vacant Possession and Marketable Title, and Validity of Sale of Minor's Share Without Court Permission.

Background: The suit pertains to a contract for sale of freehold land and structure at Bandra, Mumbai, entered into on 26 June 1993 between the plaint...

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Bombay High Court Allows Petition Quashing Reservation Condition in Development Permission Dispute. MHADA Housing Reservation Deleted by Sanctioned Modification to Development Plan, Municipal Corporation Cannot Insist on Compliance.

The petitioner, Cosmos Constructions, a partnership firm, owned land at Chitalsar, Manpada, Thane. The Thane Municipal Corporation (TMC) imposed Condi...

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Bombay High Court Allows Revenue's Appeal in Rental Income Classification Case. Rental income from leasing unsold units of a commercial complex constructed by a real estate developer is assessable as business income, not income from house property.

The case involves multiple appeals filed by the Commissioner of Income Tax against the common order of the Income Tax Appellate Tribunal (ITAT) which ...

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