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Supreme Court Dismisses Assessee's Appeal in Income Tax Case Regarding Exemption Under Section 4(3)(vii) of Income-tax Act, 1922. Receipt Held to be Business Income, Not Exempt as Casual or Non-Recurring Receipt, as it Arose from Services Rendered in the Course of Business.

The assessee firm, Ram Kumar Agarwalla and Brothers, carried on business as share brokers and paper merchants. Together with D, a chartered accountant...

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Supreme Court Dismisses Appeals in Arbitration Act Case Regarding Foreign Award Enforcement. Non-Signatory Parties Not Bound by Arbitration Agreement Under Alter Ego Doctrine for Enforcement Under Part II of Arbitration and Conciliation Act, 1996.

The Supreme Court of India heard civil appeals concerning the recognition and enforcement of foreign awards under Part II of the Arbitration and Conci...

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Bombay High Court Decides Writ Petitions Challenging Entertainment Duty on Online Booking Convenience Fees. The Court considered whether service charges exceeding Rs.10 per ticket form part of 'payment for admission' under Section 2(b) of Maharashtra Entertainments Duty Act, 1923.

The writ petitions were filed before the Bombay High Court under Article 226 of the Constitution of India challenging an amendment to the Maharashtra ...