Category - Top Stories

‘Exemption’ under Section 54B of the Income Tax Act, 1961 cannot be allowed to ‘assessee’, if land is purchased in the name of spouse.

January 20, 2024

Facts of the case, in brief, are that the appellant sold agricultural land to M/s Golden Bricks Infrastructure Pvt. Ltd., on which long term capital gains was assessed at ₹ 66,66,284/- and which was finally determined at ₹ 36,66,284/- by the CIT...

Landlord tenant disputes covered and governed by the Rent Control Legislation would not be arbitrable when the specific court or forum has been given exclusive jurisdiction but when the specific forum has not been given the exclusive jurisdiction over such disputes then landlord tenant disputes are arbitrable in nature.

January 20, 2024

Brief facts of the case are that Appellants and the Respondent entered into a lease agreement styled as “Railway Siding Lease Agreement (“Agreement”)...