Search Results for "Comparable Sales Method"

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Supreme Court Dismisses Revenue's Appeal in Central Excise Valuation Case Due to Incorrect Adoption of Highest Price. Valuation Must Be Based on Most Conservative Price Under Rule 6(b)(i) of Central Excise Rules, 1994, as Per Precedents on Normal Wholesale Cash Price.

The Supreme Court of India heard an appeal filed by the revenue against an order of the Customs Excise & Service Tax Appellate Tribunal (CESTAT) dated...

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Bombay High Court Allows Land Acquisition Compensation Revision Applications Due to Non-Consideration of Comparable Sale Instances. Court Remands Matters to Reference Court for Fresh Determination of Market Value Under Section 18 of the Land Acquisition Act, 1894.

The case involves multiple civil revision applications filed by landowners whose agricultural lands were acquired by the State of Maharashtra for the ...

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Bombay High Court Partially Allows State Appeal in Land Acquisition Compensation Case — Market Value Reduced from Rs. 20 to Rs. 15 per sq. meter. Comparable Sales Method Applied with Deduction for Development Under Land Acquisition Act, 1894.

The case involves two appeals arising from a common judgment of the Reference Court in Land Acquisition Reference No. 75 of 1987, dated 31st August 19...

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Bombay High Court Upholds Constitutional Validity of Time Limit for Availing Input Tax Credit Under Section 16(4) of CGST Act. The court held that the time limit is mandatory and not directory, and retrospective amendments are valid.

The Bombay High Court, in a batch of writ petitions, addressed the constitutional validity and interpretation of Section 16(4) of the Central Goods an...