Search Results for "Finance Act 1956"

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Bombay High Court Quashes Reopening Notice in Income Tax Case Due to Lack of Failure to Disclose Material Facts. Reassessment Beyond Four Years Invalid Without Proof of Non-Disclosure Under Section 147 of Income Tax Act, 1961.

The petitioner, 3i Infotech Limited, challenged a notice dated 18 March 2009 issued by the Assistant Commissioner of Income Tax seeking to reopen the ...

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Bombay High Court Refuses Withdrawal of Writ Petition, Examines Validity of Blanket Injunction and SARFAESI Notice. Court Raises Question of Territorial Jurisdiction of Principal Seat to Entertain Challenge to Order of Cooperative Appellate Court Acting as Incharge for Nagpur Bench.

The writ petition arose from recovery proceedings initiated by Rupee Cooperative Bank against the borrower company. The borrower had filed a dispute i...

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High Court of Karnataka Dismisses PIL Seeking CBI Investigation into Alleged Irregularities in BEML Limited. Court holds that the petitioner lacked locus standi and the petition was based on unsubstantiated allegations and media reports, not credible material.

The petitioner, Mr. K. Subramanyam Sastry, filed a Public Interest Litigation (PIL) before the High Court of Karnataka seeking a direction to the Cent...

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Bombay High Court Dismisses Appeal Under Section 37 of Arbitration Act, Upholds Single Judge's Order Partially Setting Aside Arbitral Award. The Court affirmed reduction of interest rate from 18% to 12% per annum and setting aside of claim nos. (d) and (g) and interest on security deposit.

The case involves an appeal under Section 37 of the Arbitration and Conciliation Act, 1996, filed by Indian Oil Corporation Ltd. (IOCL) against a judg...

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High Court of Karnataka Hears Writ Petition on Impleadment of Additional Defendants in Specific Performance Suit — Considers Proper Party Test Under Order I Rule 10 CPC

The petitioner, as plaintiff, filed a suit for specific performance of an agreement of sale dated 10.06.2016 executed by late Mariyappa in respect of ...