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Bombay High Court Allows Land Acquisition Appeals for Proper Market Value Determination. Reference Court's award based on averages set aside; matter remanded for fresh consideration of comparable sale instances and prior awards.

The judgment pertains to two First Appeals arising from land acquisition proceedings. The appellants, Dattatraya Ramchandra Chinchalikar through his l...

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Supreme Court Allows Appeal in Part in Foreign Currency Arbitral Award Enforcement Case. Twin Principles Laid Down: Date of Enforceability for General Conversion, Date of Deposit for Amounts Deposited in Court.

The Supreme Court addressed the issue of the correct date for converting a foreign currency arbitral award into Indian rupees for enforcement. The app...

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Bombay High Court Allows Section 28-A Application for Enhanced Compensation Based on High Court's Appellate Award Under Land Acquisition Act, 1894. Land owners covered by same notification can seek parity under Section 28-A even if reference court refused enhancement.

The petitioners, legal heirs of original land owners Shankarrao Pandoji Shendge and Bhagwan Pandoji Shendge, owned agricultural land in Mouza Ansing, ...

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Supreme Court Upholds High Court in Capital Gains Tax Case — Accrual Occurs on Date of Award, Not Notification. Transfer of Capital Asset Under Section 45 of Income-tax Act, 1961 Is Complete Only When Compensation Is Determined by Collector's Award, Even if Possession Taken Earlier.

The case concerns the assessment year 1971-1972 for the assessee Amrik Singh HUF, whose land was acquired by the Haryana Government for a college play...