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Supreme Court Allows Appeals by Landowners in Land Acquisition Case Due to Inadequate Compensation. Compensation Enhanced as High Court's Award of Rs.1,35,000/- Per Cent Based on Negotiated Price Plus 35% Rise Was Found Insufficient Under Land Acquisition Act, 1894.

The dispute arose from the acquisition of lands in Kozhikode for setting up an IT Park under the Land Acquisition Act, 1894. A notification under Sect...

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Supreme Court Dismisses Revenue's Appeal in Income Tax Act Case Upholding Revisional Jurisdiction. Commissioner Validly Set Aside Assessment Order as Payment to Shareholders Was Not 'Cost of Improvement' Under Capital Gains Computation Under Sections 48 and 263 of Income Tax Act, 1961.

The dispute arose from an income tax assessment concerning the sale of a property named 'Paville House' by the respondent assessee, a company engaged ...

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Supreme Court Allows Tenant's Appeal in Rent and Eviction Case Under Uttar Pradesh Urban Buildings (Regulation of Letting, Rent and Eviction) Act, 1972. Tenant's Deposit of Rent in Court After Landlord's Refusal Constitutes Valid Payment, Negating Arrears and Making Eviction Order Unsustainable.

The dispute arose from rent and eviction proceedings initiated by a landlord against a tenant concerning a shop in Uttar Pradesh. The tenant had occup...

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Supreme Court Dismisses Revenue's Appeals in Customs Classification Disputes Over LCD Panels. LCD Panels Classified Under Chapter Heading 9013.8010 as Liquid Crystal Devices, Not as Parts of Television Sets or Car Audio Systems Under General Headings.

The appeals involved disputes over the customs classification of imported LCD panels by two assessees, M/s Videocon International and M/S Harman Inter...