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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 Karnataka Hears Writ Petition Against Tribunal Order Upholding Withholding of Pension. Challenge centres on validity of departmental enquiry initiated post-retirement under Rule 14A of Karnataka Civil Services (Classification, Control and Appeal) Rules, 1957.

The writ petition under Articles 226 and 227 of the Constitution was filed by a retired Revenue Inspector challenging the order of the Karnataka State...

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Bombay High Court Allows Revenue Appeal in Section 80IA Deduction Case for Container Handling Cranes. Leasing of cranes to JNPT does not constitute developing, maintaining and operating an infrastructural facility under Section 80IA of the Income Tax Act, 1961.

The case involves appeals filed by the Revenue under Section 260A of the Income Tax Act, 1961 against the order of the Income Tax Appellate Tribunal f...

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Bombay High Court Allows Second Appeal in Specific Performance Suit Involving Tribal Land Transfer. Decree for specific performance of agreement to sell tribal land to non-tribal can be granted subject to obtaining permission under Section 36A of Maharashtra Land Revenue Code.

The appellant, Babasaheb Dhondiba Kute, a non-tribal, entered into an agreement dated 31.07.2001 with the respondent, Radhu Vithoba Barde, a tribal, f...

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High Court Quashes Government Order Denying Regrant to Dalit Allottee in Watan Land Dispute. Occupancy Price Paid within Prescribed Period under Bombay Inferior Village Watans Abolition Act, 1958 Entities Allottee to Regrant as Authorised Holder.

The dispute arose from a claim for regrant of service inam watan lands under the Bombay Inferior Village Watans Abolition Act, 1958. Originally, the l...