Search Results for "deduction under Section 10(1)"

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Bombay High Court Allows Insurance Company's Appeal in Motor Accident Claim — Reduces Compensation and Exonerates Insurer for Breach of Policy Condition. Vehicle Used as Public Transport Despite Being Insured as Private Vehicle, Violating Section 149 of Motor Vehicles Act, 1988.

The case arises from a motor accident claim filed by the widow and children of Rahul Shirsath, who died in a collision between a MAX (Jeep) and a Milk...

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Bombay High Court at Goa Dismisses Appeals for Non-Prosecution in Land Acquisition Compensation Dispute. Appeals by Land Acquisition Officer and Claimants Dismissed Due to Absence of Claimants' Counsel.

The judgment pertains to four first appeals arising out of the same notification under Section 4 of the Land Acquisition Act, 1894, concerning acquisi...

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Supreme Court Allows Appeal in Income Tax Deduction Case for Accrued Development Liability. Deduction for Estimated Future Development Expenses Allowed Under Section 10(1) of Indian Income-tax Act, 1922, as Liability Was Accrued, Not Contingent.

The dispute concerned the income tax assessment of a land-developing company that followed the mercantile method of accounting. The appellant, Messrs....

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Bombay High Court Dismisses Appeals by Konkan Railway Corporation in Land Acquisition Compensation Cases. Court upholds Reference Court's valuation based on sale exemplars and potential value of land for non-agricultural use.

The case involves multiple first appeals filed by the Special Land Acquisition Officer and Chief Engineer of Konkan Railway Corporation Limited agains...