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Bombay High Court Quashes Reassessment Notice Under Section 148 of Income Tax Act, 1961 for Lack of Fresh Material. Reassessment based on mere change of opinion on share premium addition under Section 68 is invalid as all material was disclosed during original assessment.

The petitioner, Rajshree Realtors Private Limited, a real estate company, filed its return of income for Assessment Year 2012-2013 declaring income of...

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Bombay High Court Allows Writ Petition Challenging Refusal of Building Permission Due to Playground Reservation Under MRTP Act. Notice Under Section 127 Held Not Premature as 10-Year Period for Acquisition Had Expired.

The petitioner, Irfan Allabaksh Shaikh, owned land bearing CTS No. 6167 in Siddheshwar Peth, Solapur, which was reserved as a playground (site No. 319...

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Bombay High Court Allows Writ Petition Challenging Land Acquisition for Non-Payment of Compensation Under Land Acquisition Act, 1894. Acquisition Lapses as Compensation Not Paid Within Five Years Despite Possession Taken.

The petitioners, original owners of land at Roadpali, Taluka Panvel, District Raigad, challenged the acquisition of their land by CIDCO under the Land...

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Bombay High Court Dismisses Petition Seeking Extension of Railway Parcel Space Lease Contract. Contractual Clause and Railway Board Policy Require Extension to Be Sought Before Expiry, Not After.

The petitioner, M/s Airwide Express Cargo, entered into a lease contract with the Western Railway for parcel space in brake vans/parcel vans on the Fi...