Search Results for "Financial Commissioner"

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Search Results for "Financial Commissioner"

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High Court

Bombay High Court Considers Challenge to Revision Order in FCCB Capital Gains Case; Cost of Acquisition Dispute Between FCCB Scheme and Section 49(2A) of Income-tax Act Examined. Revenue Relied on Section 49(2A) While Petitioner Invoked Clause 7(4) of the 1993 Scheme.

27 Mar 2019

The writ petition under Article 226 was filed before the Bombay High Court challenging an order dated 29 March 2018 passed by the Commissioner of Inco...

High Court

High Court of Bombay Deliberates Whether Manager of Cooperative Bank Is Public Servant under Prevention of Corruption Act; Employee of Cooperative Bank Under Liquidation Challenges Dismissal of Discharge Application. The Court Examines the Scope of 'Public Servant' Under Section 2(c) in Light of Arguments That Cooperative Bank Not Aided or Controlled by Government.

6 May 2013

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High Court

Bombay High Court Quashes Charity Commissioner's Permission for Sale of Trust Property Due to Inadequate Valuation and Procedural Irregularities. The Court held that the Joint Charity Commissioner failed to conduct an independent assessment of market value and did not ensure compliance with tender conditions, violating Section 36(1)(a) of the Maharashtra Public Trusts Act, 1950.

7 Mar 2025

The petitioner, a former trustee of Respondent No.2 Trust, challenged an order dated 8th July 2024 passed by the Joint Charity Commissioner-2, Mumbai,...

High Court

WRIT PETITION NO.2720 OF 2013

1 Oct 2014

The writ petitions were filed by municipal employee unions and individuals challenging the legality and constitutional validity of provisions of the B...

High Court

Bombay High Court Allows Writ Petition Challenging Rejection of Revision Petition Under Section 264 of Income Tax Act, 1961 — Mistake in Return of Income Due to Inadvertent Error by Accountant. Court holds that the Principal Commissioner ought to have considered the petitioner's explanation of a bona fide mistake and set aside the intimation under Section 143(1) to allow rectification.

8 Apr 2021

The petitioner, an individual, filed her return of income for Assessment Year 2018-19 on 20 July 2018, showing total income of Rs. 27,05,646/- from ho...

Supreme Court

Supreme Court Allows Appeals of Secured Creditors in SARFAESI Act Case — Holds Chief Judicial Magistrate Competent Under Section 14. The Court resolved the conflict among High Courts by interpreting that the CJM can exercise powers under Section 14 of the SARFAESI Act, 2002, for taking possession of secured assets in non-metropolitan areas.

23 Sep 2019

The Supreme Court resolved a conflict among High Courts regarding the interpretation of Section 14 of the Securitisation and Reconstruction of Financi...

High Court

Bombay High Court Allows Writ Petition of Bank Employees' Union; Quashes Recall Order Denying Compensation. Employees Who Opted for Voluntary Retirement Before Bank Liquidation Held Entitled to Payment as Employment Relationship Continues Until Full Settlement.

10 Mar 2017

This writ petition under Article 226 of the Constitution of India was filed by a trade union representing 55 employees of Solapur Nagari Audyogic Saha...

High Court

Madras High Court Allows Assessee's Appeal in Income Tax Exemption Case — Liquidated Damages, Underwriting Commission, and Structuring Fees Held Eligible for Section 10(23G) Exemption. Prior Decision on Liquidated Damages Followed; Underwriting Commission and Structuring Fees Deemed 'Interest' Under Explanation to Section 10(23G).

20 Jan 2026

The appellant, M/s IDFC Limited, a financial institution, filed a Tax Case Appeal under Section 260A of the Income Tax Act, 1961, challenging the orde...

High Court

Bombay High Court Quashes CBDT Action Plan Points System for Tax Recovery as Arbitrary and Unconstitutional. The court struck down the system of awarding points to Income Tax Officers for achieving tax recovery targets, holding it ultra vires the Income Tax Act, 1961 and violative of Article 14 of the Constitution.

11 Apr 2019

The Bombay High Court, in a judgment dated 11th April 2019, dealt with two petitions challenging a portion of the Central Action Plan for the financia...

High Court

Bombay High Court Dismisses Assessee's Writ Petition Challenging Rejection of Revision Application Under Section 264 of Income Tax Act, 1961 — Subsidy Held as Revenue Receipt, Not Capital. The Court ruled that acceptance of subsidy as taxable income in the returns and before the Settlement Commission precluded later challenge, and the settlement order was final and binding.

4 Feb 2019

The dispute arose from the petitioner, a public limited company engaged in textile manufacturing, having received interest reimbursement subsidies und...

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