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Bombay High Court Dismisses Revenue's Appeal in Income Tax Case Regarding Set Off of Unabsorbed Business Loss Against Profits of Erstwhile 10A Unit. Tribunal's Order Allowing Set Off of Brought Forward Loss of Assessment Year 2002-03 Against Profits of 10A Unit in Assessment Year 2005-06 Upheld.

The case involves two appeals by the Revenue under Section 260A of the Income Tax Act, 1961, against the order of the Income Tax Appellate Tribunal, M...

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Bombay High Court Allows Writ Petition Quashing MPID Act Attachment Against Corporate Debtor's Property. Section 32A IBC Overrides MPID Act as Property Acquired Prior to Offence and Corporate Debtor Not Accused.

The petitioner, Dwarka Iron Industries Pvt. Ltd., as the Successful Resolution Applicant of the corporate debtor M/s. Abhirama Steels Limited, filed a...

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High Court of Karnataka Quashes Demand Notice in Electricity Dispute — Petitioner Not Liable for Predecessor's Dues. BESCOM Cannot Recover Arrears from Auction Purchaser Without Proper Notice Under Section 56 of Electricity Act, 2003.

The petitioner, K.N. Sakrappa, proprietor of Sri Maheshwari Industries, filed a writ petition challenging a demand notice dated 26.12.2014 issued by t...