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Bombay High Court Dismisses Petition by Cooperative Sugar Factory Challenging Exemption Under Urban Land Ceiling Act. Land Transferred After Statement Filing Not Exempt as Agricultural Land Under Section 2(18) of ULC Act.

The petitioner, Vasantdata Shetkari Sahakari Sakhar Karkhana Limited, a cooperative sugar factory registered under the Maharashtra Co-operative Societ...

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Supreme Court Allows Revenue's Appeals in Income Tax Case on Disallowance of Excess Cane Price Paid by Cooperative Society. Excess Payment Over Statutory Price Under Sugarcane (Control) Order, 1966 Held Not Deductible as Business Expenditure Under Section 37(1) of Income Tax Act, 1961.

The case involves a batch of appeals by the Commissioner of Income Tax, Bombay against the assessee, Tasgaon Taluka Sahakari Sikhar Karkhana Limited, ...

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Bombay High Court Dismisses Sugar Factory Petitions Challenging Levy Sugar Price Fixation Under Essential Commodities Act. Court upholds government's power to fix levy sugar price based on statutory provisions and policy considerations.

The judgment concerns two writ petitions filed by cooperative sugar factories challenging the price fixed by the Central Government for levy sugar und...

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Bombay High Court Quashes Final Voters List in Cooperative Sugar Factory Election Due to Inclusion of Dead Members. Court Directs Re-examination of Provisional List by Local Authorities Under Maharashtra Cooperative Societies Act, 1960.

The petitioners, members of Raosahebdada Pawar Ghodganga Sahakari Sakhar Karkhana Ltd. (respondent no.3), filed a writ petition under Article 226 of t...

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Bombay High Court Upholds ITAT Decision Deleting Non-Refundable Deposits as Trading Receipts in Cooperative Sugar Factory Case. Supreme Court Precedent in CIT v. Shri Chhatrapati Sahakari Sakhar Karkhana Ltd. Clarifies That Such Deposits Are Not Taxable Under Maharashtra Rules.

The matter arose from a reference under the Income Tax Act, 1961, at the instance of the Revenue, challenging the order of the Income Tax Appellate Tr...