Search Results for "Financial Facilities"

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Bombay High Court Allows Appeals by Acquiring Body in Land Acquisition Compensat...
Bombay High Court Dismisses NHAI Appeals in Land Acquisition Compensation Disput...
Bombay High Court Dismisses Writ Petition Challenging Concurrent Findings in Sui...
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Search Results for "Financial Facilities"

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Supreme Court

Supreme Court Hears Appeal on Taxability of Capital Gains from Transfer of Shares of a Cayman Islands Company Holding Indian Telecom Assets. The core issue involves whether the offshore transaction is liable to capital gains tax in India under the Income Tax Act, 1961, given that the company's value is derived from Indian telecom assets.

1 Aug 2026

The matter concerned a tax dispute between Vodafone International Holdings BV (VIH), a Netherlands resident company, and the Indian Revenue authoritie...

High Court

High Court of Karnataka Dismisses Intra-Court Appeal Against Look-Out Circulars Issued by Banks Due to Default of Rs.2800 Crores. Court Holds that Petitioner’s Concession to Banks’ Power and Pending Suits Justify Travel Restriction Under Office Memoranda.

12 May 2021

The intra-court appeal arose from the dismissal of a writ petition that challenged two Look Out Circulars issued by Bank of Baroda and Punjab National...

High Court

High Court of Karnataka Allows Appeal of Co-operative Credit Society in Income Tax Deduction Case Under Section 80P — Society Not a Primary Co-operative Bank Under Banking Regulation Act. The court held that a co-operative credit society not licensed by RBI and not meeting all conditions of Section 56(ccv) of the Banking Regulation Act, 1949, is entitled to deduction under Section 80P of the Income Tax Act, 1961.

21 Sep 2015

The appellant, Shri Chandra Prabhu Urban Co-operative Credit Society Ltd., is a co-operative society registered under the Karnataka Co-operative Socie...

Supreme Court

Supreme Court Upholds NCLAT Order in Insolvency Resolution Plan Approval Under Insolvency and Bankruptcy Code, 2016. Resolution Plan Found Compliant with Section 30(2) and Binding on All Stakeholders Despite Pending Creditor Claim Challenges.

10 Aug 2021

The appeal arose under Section 62 of the Insolvency and Bankruptcy Code, 2016, against a judgment dated 4 January 2021 of the National Company Law App...

High Court

Bombay High Court Allows Public Interest Litigation Seeking Preservation of Land for Government Sports Complex at Navi Mumbai — Directs Restoration of Earmarked Land and Cancellation of Allotment to Private Developer. Land reserved since 2003 under Government Resolution dated 26 March 2003 for a Government Sports Complex cannot be diverted for commercial purposes; shifting the complex to a remote rural area 115 km away is arbitrary.

1 Jul 2024

The Indian Institute of Architects, Navi Mumbai Center, filed a Public Interest Litigation before the Bombay High Court challenging the actions of CID...

Supreme Court

Supreme Court Allows Appeals of Flat Buyers Against Developer for Delayed Possession, Holds Unilateral Compensation Clause Unfair. Developer's stipulation of Rs 5 per sq ft per month as liquidated damages for delay held inadequate and unconscionable; flat buyers entitled to compensation at 6% per annum on amounts paid.

24 Aug 2020

The case involves appeals by 171 flat buyers against the dismissal of their consumer complaint by the National Consumer Disputes Redressal Commission ...

High Court

High Court of Bombay at Goa Dismisses Revenue's Appeal in Cooperative Credit Society Tax Deduction Case — Society Not a Cooperative Bank Despite Non-Member Transactions. Primary Cooperative Credit Society remains eligible for deduction under Section 80P(2)(a)(i) of Income Tax Act, 1961 even if it accepts deposits from and lends to non-members, as it is not a cooperative bank under Section 5(ccv) of Banking Regulation Act, 1949.

7 May 2021

The case involves four tax appeals filed by the Revenue (Pr. Commissioner of Income Tax, Goa) against the common order of the Income Tax Appellate Tri...

High Court

Bombay High Court Dismisses Assessee's Appeal in Income Tax Case — Upholds Disallowance of Capital Losses and Business Loss on Guarantee Transactions. Tribunal's findings on sham transactions and lack of commercial substance affirmed under Income Tax Act, 1961.

6 Mar 2012

The appellant, Killick Nixon Limited, filed an appeal under Section 260A of the Income Tax Act, 1961 against the order of the Income Tax Appellate Tri...

High Court

Bombay High Court Upholds Professional Misconduct Finding Against Chartered Accountant for Issuing False Certificates to Facilitate Bank Loans. Chartered Accountant Failed to Exercise Due Diligence in Certifying Work Valuation and Sales Registers, Constituting Misconduct Under Section 21(v) of the Chartered Accountants Act, 1949.

25 Oct 2023

The Institute of Chartered Accountants of India (ICAI) filed a reference under Section 21(v) of the Chartered Accountants Act, 1949 against Manakchand...

Supreme Court

Supreme Court Dismisses Corporate Debtor's Appeal Against Admission of Insolvency Application Under Insolvency and Bankruptcy Code, 2016. Erstwhile Directors Cannot Maintain Appeal After Appointment of Insolvency Professional, Signaling Paradigm Shift to Inability of Management to Continue if Unable to Pay Debts.

1 Aug 2026

Background: The case arose under the newly enacted Insolvency and Bankruptcy Code, 2016 (IBC), which came into force in November-December 2016. The ap...

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