The Supreme Court held that land acquisition and sale agreements do not constitute taxable “real estate services,” dismissing the Revenue’s appeal for service tax demand.
SC held that value of duty-paid bought-out items delivered directly to buyer’s site cannot be included in assessable value of boilers cleared in CKD condition. The show cause notice invoking extended limitation period was declared invalid.
SC confirmed enforcement of an unregistered 2000 sale agreement, directing execution of sale deed after payment of dues with 16% interest and ₹5 crore compensation to ensure fairness.
The Supreme Court ruled that earlier compensation was inadequate and raised the award to ₹15.13 lakh, ensuring fair restitution for a minor’s lifelong disability.
SC held that even with a breach of insurance policy terms, insurer must first pay accident compensation and can later recover it from vehicle owner under pay-and-recover principle.
SC clarified that a trust’s 12AA registration isn’t enough to claim 80G benefit; the nature of its activities must be independently verified for charitable character.
The Supreme Court found that the arbitrator rewrote contract terms contrary to a Railway Board policy circular and thus committed “patent illegality” under Arbitration and Conciliation Act, 1996. The award was quashed, and the High Court’s affirmance set aside.
The Supreme Court partially set aside the Enforcement Directorate’s attachment order, restoring properties to the resolution applicant for the benefit of genuine homebuyers while maintaining attachment over 11 identified units linked to alleged proceeds of crime.
Supreme Court holds that ‘previous financial year’ must align with the Income Tax Act; rejects arbitrary tender rejection by Odisha authorities.
The Supreme Court struck down Bihar Registration Rules requiring proof of Jamabandi/mutation for property registration. The Court ruled that mutation is a fiscal entry that does not confer title, and making it mandatory for registration is ultra vires the Registration Act, 1908.
