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Bombay High Court Quashes Reopening of Assessment in Income Tax Case — No Failure to Disclose Material Facts. Reassessment Notice Under Section 148 of Income Tax Act, 1961 Held Invalid as Original Assessment Was Based on Full Disclosure and Scrutiny.

The petitioner, Multiscreen Media Private Limited, is engaged in the business of providing audiovisual television content, films, events, and related ...

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Bombay High Court Allows Release of Vehicle Seized in NDPS Case to Owner on Supurdnama — Vehicle Not Liable to Confiscation Without Conviction. The Court held that the NDPS Act does not bar release of a vehicle pending trial, and the Sessions Court erred in rejecting the application for interim custody.

The petitioner, Anil Navnath Marathe, was the owner of a Mahindra Max Jeep bearing registration No. MH-12-EF-5860. He was also accused no. 2 in NDPS (...

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Bombay High Court Quashes Reopening Notice in Income Tax Case Due to Lack of Fresh Material. Loan Waiver Amount Already Disclosed During Original Assessment Cannot Be Reopened Under Section 147 of Income Tax Act, 1961 Without New Information.

The Petitioner, Kimplas Trenton Fittings Ltd., filed a writ petition challenging a notice dated 25 March 2011 issued under Section 148 of the Income T...