Delay in payment of compensation of amount determined on land acquisition entitles an aggrieved landowner to interest as a statutory right – Bombay High Court directs Land Acquisition Authority under the Govt. of Maharashtra, to pay an amount of Rs.1.61 crores to the Petitioners
Where a petitioner landowner is deprived of compensation under Award, passed in land acquisition proceedings, and his land…
The Point where Mutuality ends and Trading begins, determines non-exemption or taxability of income
Court’s power under Article 226 of the Constitution of India and exercise of Executive Power under Section 119 of the Income Tax Act – Purposive construction of “genuine hardship”
Section 119 of the Income Tax Act is an important provision under the Act vesting CBDT with power to issue Assessee-friendly notifications. The law is analysed in this Article.
In a very recent judgement, the Supreme Court of India has laid down its clear and unambiguous views…