High Court of Karnataka Considers Constitutional Validity of Forest Development Tax Notification and Demands. Petitioners Challenge vires of Karnataka Forest Act section 98A and Notification under Forest Conservation Act.
3 Dec 2015...
Search Results for "Second Schedule Income Tax Act"
788 result(s) found
Found 788 result(s)
High Court
High Court of Bombay Issues Rule in Writ Petition Challenging Letter Withdrawing Exemption and Consequential Bills for Electricity Duty on Educational Institutions. Petition Raises Question of Interpretation of Maharashtra Electricity Duty (Amendment) Act, 2016 vis-à-vis Section 3(2)(iii) of 1958 Act for Institutions Run by Public Charitable Trusts.
28 Feb 2019The petitioners, ten educational institutions run by a society and charitable trust, sought to quash a communication dated 04.06.2018 from the Industr...
Supreme Court
Supreme Court Hears Civil Appeals Against SEBI's Attachment Orders – Appellants Challenge Levy of Retrospective Interest on Penalty Without Express Provision in Adjudication Order. The core question was whether the Recovery Officer could demand interest at 12% p.a. from the date of original adjudication orders under Section 28A SEBI Act read with Section 220 Income Tax Act in absence of a prior direction for interest, and whether Explanation 4 inserted in 2019 applies retrospectively to pre-existing orders.
26 Jul 2026The appeals arose from the dismissal by the Securities Appellate Tribunal of challenges to attachment notices issued by the Securities and Exchange Bo...
High Court
Bombay High Court Strikes Down LIC Circular Imposing Assignment Charge on Finance Organizations as Ultra Vires Section 38 of Insurance Act, 1938. The court held that LIC cannot impose a charge on assignments of life insurance policies in favor of finance companies as it amounts to a restriction on the statutory right of assignment under Section 38.
19 May 2010The petitioners, Dravya Finance Pvt. Ltd. (a Non-Banking Finance Company) and its director Hasmukh Rawal, challenged a Circular dated 24.4.2006 issued...
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High Court
Bombay High Court Dismisses Union of India's Suit Alleging Fraudulent Assignment of Insurance Policies to Defraud Income-Tax Authorities. Court holds that assignment of life insurance policies under the Married Women's Property Act, 1874 is not fraudulent and cannot be challenged by a creditor under Section 53 of the Transfer of Property Act, 1882.
2 May 2006The suit was filed by the Union of India seeking a declaration that the assignment of seven life insurance policies by the original defendant no. 3 (S...
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High Court
Bombay High Court Sanctions Scheme of Arrangement Involving Gift of Shares and Reduction of Securities Premium Account. The court held that a scheme involving a gift of shares held by a company in another company to its shareholders and a reduction of the securities premium account by the book value of the investment is an arrangement under Section 391(1) of the Companies Act, 1956, and the reduction of the securities premium account does not require compliance with the procedure for reduction of share capital under Sections 100-104 of the Companies Act, 1956 or Section 52 of the Companies Act, 2013.
15 Sep 2015The petitioner, Indian Seamless Enterprises Limited, filed a petition under Sections 391 to 394 of the Companies Act, 1956 seeking sanction of a schem...
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High Court
GST on Advances for Future Supplies: Examining Constitutional Validity. Evaluating GST's application to unutilized advances and its constitutionality.
14 Nov 2024The L&T IHI Consortium, a collaboration between Larsen & Toubro Ltd. (L&T) and IHI Infrastructure Systems Co. Ltd., Japan, challenged the ...
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High Court
Bombay High Court Considers GST Liability on Royalty Payments to Court Receiver in Commercial Property Dispute. The Court Examines Whether Payments to a Court Receiver Under Order XL CPC Constitute Taxable Supply Under the CGST Act, 2017 and Whether GST Should be Discharged via Reverse Charge Mechanism.
13 Sep 2019The Bombay High Court, in a Court Receiver's Report arising from a commercial suit for recovery of possession of three shops used as a restaurant, exa...
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High Court
Bombay High Court Dismisses Challenge to GST Levy on TDR/FSI Transfers by Builders Association. Transferable Development Rights (TDR) and Floor Space Index (FSI) are 'goods' under Article 366(12) of the Constitution and subject to GST as a supply under Section 7 of the Central Goods and Services Tax Act, 2017.
10 Apr 2018The petitioners, Builders Association of Navi Mumbai and Neelsidhi Realties, filed a writ petition under Article 226 of the Constitution of India chal...
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Supreme Court
Supreme Court Hears Appeals on Forum for Trial in SEBI Act Cases — Retrospective Application of 2002 and 2014 Amendments Disputed. Court Considers Whether Change from Magistrate to Sessions Court and Subsequent Special Courts Affects Pre‑2002 Offences Still Pending.
1 Jan 1970This batch of appeals and petitions before the Supreme Court concerned the proper forum for trial of offences under the Securities and Exchange Board ...
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