Search Results for "deemed receipt"

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Bombay High Court Hears Writ Petition Challenging Taxability of Interest Received on Enhanced Motor Accident Compensation. Petitioner Claims Interest is Capital Receipt and Not Taxable; Revenue Relies on Sections 56(2)(viii) and 145A(b) of Income Tax Act, 1961.

The petitioner, a 48-year-old man rendered paraplegic and bedridden since a road accident at age 8, filed a writ petition challenging the taxability o...

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KAHC010259352010_1

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Supreme Court Upholds Reference in Chartered Accountants Act Case Due to Misconduct as Court-Appointed Liquidator. Professional Misconduct Includes Conduct Rendering Member Unfit Under Section 22 of Chartered Accountants Act, 1949.

The Supreme Court considered an appeal by the Council of the Institute of Chartered Accountants against an order of the High Court rejecting a referen...

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KAHC010306832010_1

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High Court of Karnataka Dismisses Petition Seeking Declaration of Lapse of Land Designation Under Section 69(2) of Karnataka Town and Country Planning Act, 1961 — Petitioner Failed to Show That Designation Was Made Under Master Plan-2031 or That Land Was Not Acquired Within Five Years.

The petitioner, Sri Narayanaswamy, filed a writ petition under Article 226 of the Constitution of India before the High Court of Karnataka at Bengalur...

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Bombay High Court Reserves Judgment in Multiparty Dispute Over Land Ownership and Compensation Under Inam Abolition Act. Privy Council Declaration of Inam Title and Forest Management Agreement Form Core of Dispute Over 157‑Acre Property Transferred to CIDCO Without Acquisition.

The dispute concerned a large parcel of land bearing Survey No. 51/0 at Ulwe, Raigad, originally granted in 1816. The Bivalkars claimed ownership thro...

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Bombay High Court Reviews Preventive Detention Under COFEPOSA Act for Alleged Smuggling of Red Sanders. Questions Raised Over Violation of Right to Equal Representation and Proper Subjective Satisfaction.

The petition was filed by the wife of the detenu Ajit Bapu Satam, challenging his preventive detention under the Conservation of Foreign Exchange and ...