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Bombay High Court Quashes Reassessment Order in Capital Gains Tax Case — Transfer of Shares of Foreign Company Not Taxable in India. Shares of a Bermuda company transferred outside India do not constitute transfer of a capital asset situated in India under Section 2(14) of the Income Tax Act, 1961.

The petitioner, Techpac Holdings Ltd., a company incorporated in Bermuda, challenged an assessment order dated 25th March 2013 passed by the Deputy Co...

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Bombay High Court Upholds Conviction for Murder and Causing Disappearance of Evidence in Scrap Dealer Case — Circumstantial Evidence Sufficient to Prove Guilt Beyond Reasonable Doubt. Last Seen Theory and Recovery of Articles at Instance of Appellant Establish Guilt Under Sections 302 and 201 IPC.

The appellant, Jagdish Bansu Kharwal, was convicted by the trial court for the murder of Sayyed Irfan Ul Huda under Section 302 of the Indian Penal Co...

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Bombay High Court Acquits Accused in Murder Case Due to Unreliable Extra-judicial Confession and Weak Last Seen Evidence. Circumstantial Evidence Fails to Establish Guilt Beyond Reasonable Doubt Under Section 302 IPC.

The case involves two appeals against conviction for murder under Section 302 read with Section 34 IPC. The prosecution case was that accused No.1 (hu...

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Bombay High Court Upholds Ceiling Act Revision Order — Landlord's Surplus Land Declaration Confirmed. Suo Motu Revision Under Section 45(2) of Maharashtra Agricultural Lands (Ceiling on Holdings) Act, 1961 Valid Despite Lack of Notice to Landlord.

The appellant, Vilas Ratanchand Shah, filed a Letters Patent Appeal against the judgment dated 31st August 1998 in Writ Petition No.2475 of 1980, whic...