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High Court of Karnataka Allows Writ Petition Challenging Order to Pay Stamp Duty and Penalty Under Section 34 of Karnataka Stamp Act, 1957 — Held That Only the Person Who Executed or First Received the Instrument Can Be Directed to Pay Stamp Duty and Penalty

The petitioner, defendant No.3 in O.S.No.8/2010, challenged an interlocutory order dated 21.11.2013 passed by the trial court directing him to pay sta...

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Bombay High Court Allows Customs Appeal Against CESTAT Order Waiving Late Fees for Delayed Bill of Entry Filing. Late Fee Under Section 46(3) of Customs Act, 1962 Is Mandatory and Not Discretionary for Delayed Filing Beyond Prescribed Period.

The Principal Commissioner of Customs, Pune, filed an appeal under Section 130 of the Customs Act, 1962 against the final order of the Customs, Excise...

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Gujarat High Court Quashes Stamp Duty Demand on Development Agreement Not Constituting Conveyance. Development agreement held not liable to stamp duty as a conveyance under Article 5 of Schedule I of the Gujarat Stamp Act, 1958, since it did not transfer ownership or leasehold rights.

The petitioner, M/s Vaibhav Corp. Pvt. Ltd., filed a petition under Article 226 of the Constitution of India read with the Gujarat Stamp Act, 1958, ch...

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Bombay High Court Considers Challenge to Maharashtra Excise Notifications Discriminating Against Imported Wines. Petitioner contends that the impugned notifications violate GATT national treatment principle and constitutional rights under Articles 14, 19(1)(g) and 253.

The writ petition before the Bombay High Court involved a challenge by an importer of foreign wines, holding an FL-I licence, to several notifications...

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Supreme Court Dismisses Assessee's Appeal in Excise Duty Refund Case Under Central Excise Act, 1944. Refund Denied as Value of Returned Goods Determined as Scrap Was Less Than Duty Paid Under Section 173L(v), with No Error Found in Valuation or Procedural Fairness.

The dispute arose from a claim for refund of excise duty by an assessee manufacturer of plastic moulded furniture, who had issued credit notes for rej...

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Supreme Court Allows Appeal in Land Acquisition Compensation Case — Directs Shifting of Date for Determining Market Value Due to Inordinate Delay. Compensation to be Determined as on Date of Award Instead of Preliminary Notification Under Section 28 of KIAD Act, 1966.

The appellants, Bernard Francis Joseph Vaz and others, purchased residential sites in Gottigere Village, Bengaluru between 1995 and 1997. On 3rd April...

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High Court of Judicature at Bombay Rules on Arbitration Petition No.846 of 2014 Under Section 34 of the Arbitration Act. The Court Considers Whether the Arbitral Award Dated 22 March 2014 Should Be Set Aside in Light of Various Share Sale Agreements Between the Parties.

The matter before the High Court of Judicature at Bombay arose from an arbitration petition filed by Haresh Advani under Section 34 of the Arbitration...