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Supreme Court Affirms Fair Compensation for Land Acquisition in Akola District. Judgments ensure balanced development needs and individual rights amidst 'Blue Zone' classification disputes.

Acquisition of land in Akola District, Maharashtra, under the MRTP Act. The core issues revolve around the classification of land as 'Blue Zone' and t...

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Supreme Court Dismisses Revision Petition in Arbitration Dispute Under Bihar Public Works Contracts Disputes Arbitration Tribunal Act, 2008 - Reference Not Barred by Limitation as Article 137 of Limitation Act, 1963 Applies and Tribunal Had Power to Extend Period Under Section 18 of the 2008 Act.

The dispute originated from a works contract for drainage work in an industrial area, awarded by the Bihar Industrial Area Development Authority to th...

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Supreme Court Reduces Penalty in Stamp Duty Dispute for Deed of Assent Treated as Gift Deed. Collector's Imposition of Maximum Ten-Times Penalty Set Aside for Lack of Reasoning and Discretionary Exercise.

The case involves a dispute over stamp duty and penalty imposed on a Deed of Assent executed by the Trustees of H.C. Dhanda Trust. Late Shri Harish Ch...

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Supreme Court Partly Allows Appeals in Land Acquisition Case, Restores Reference Court's Compensation with 10% Development Deduction for Hiwra Dam Project. The Court held that for irrigation projects, development deduction should be minimal and unrebutted expert valuation evidence must be considered.

The appeals arose from land acquisition proceedings for the Hiwra Dam project in Maharashtra. The appellant and respondents No.2 and 3 owned a partner...

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Supreme Court Allows Appeal in Income Tax Case: Subscriptions Received Under Collective Investment Schemes Held to be Capital Receipts Not Income. Peerless General Finance's Subscriptions Not Forfeited During Assessment Years, Hence Not Taxable as Income.

The appeal arose from a dispute between The Peerless General Finance and Investment Company Ltd. (appellant) and the Commissioner of Income Tax (respo...