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Bombay High Court Dismisses Writ Petitions Challenging Cooperative Society Registration and Minister's Order — Upholds Validity of Registration Under Maharashtra Cooperative Societies Act, 1960. Petitioners lacked locus standi and alternative remedy was available, hence writ petitions not maintainable.

The judgment pertains to two writ petitions filed by cooperative housing societies and their members challenging the registration of another cooperati...

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Karnataka High Court Addresses Writ Petitions Challenging Dismissal and CGIT Order in BEL Strike Case. Allegations of Abusive Conduct and Obstruction During Strike Result in Dismissal Under Certified Standing Orders.

The workman, formerly an Accountant at Bharat Electronics Limited, was dismissed from service following a strike on 11 December 2013. He joined the co...

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Bombay High Court Allows Assessee's Appeal in Income Tax Case on Interest Deduction Under Section 36(1)(iii) — Section 14A Not Applicable When No Exempt Income Earned. Interest on Borrowed Capital Invested in Shares of Own Companies Held Allowable as Business Expenditure.

The appellant, Mahesh K. Mehta, a chartered accountant turned stock broker, acquired membership of the Bombay Stock Exchange in 1987 and the National ...

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High Court of Karnataka Quashes FIR in Corruption Case Against Private Individuals for Lack of Sanction Under Section 19 of Prevention of Corruption Act, 1988. Private individuals not being public servants, the FIR under PC Act was an abuse of process and quashed.

The petitioners, who are private individuals not holding any public office, filed petitions under Section 482 of the Code of Criminal Procedure, 1973,...

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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...