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Bombay High Court Allows Appeals by Acquiring Body in Land Acquisition Compensat...
Bombay High Court Dismisses NHAI Appeals in Land Acquisition Compensation Disput...
Bombay High Court Dismisses Writ Petition Challenging Concurrent Findings in Sui...
Supreme Court Upholds Refusal to Eschew Proof Affidavit in Probate Proceedings. ...
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Search Results for "unaccounted stock"

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High Court

Bombay High Court Upholds Validity of Section 6A of Essential Commodities Act for Confiscation of Essential Commodities — Mere Seizure of Essential Commodities Not Sufficient for Confiscation Without Mens Rea. The Court held that Section 6A of the Essential Commodities Act, 1955 requires mens rea for confiscation of seized essential commodities, and mere seizure without proof of intentional violation of control order does not justify confiscation.

1 Aug 2019

The present reference arose from an order dated 16/03/2019 passed by a Division Bench of the Bombay High Court, Nagpur Bench, in Criminal Application ...

High Court

Bombay High Court Dismisses Appeal of Kerosene Dealer Against Rejection of Discharge Under Essential Commodities Act. Alleged Breach of Condition No. 4 of Licence Issued Under Maharashtra Kerosene Dealers Licensing Order 1966 Constituted Sufficient Basis for Proceeding, and Charge Was Not Groundless Under Section 239 Cr.P.C.

2 Jul 2018

The petitioner, a kerosene dealer holding a licence under the Maharashtra Kerosene Dealers Licensing Order 1966, was subjected to a surprise inspectio...

High Court

High Court of Karnataka Dismisses Revenue's Appeal in Income Tax Case — Unexplained Investment Addition Deleted Due to Lack of Evidence. The court held that the Assessing Officer must provide concrete evidence to support additions under Section 69B of the Income Tax Act, 1961, and that mere suspicion cannot justify additions.

13 Jul 2016

The case involves two appeals filed by the Revenue under Section 260A of the Income Tax Act, 1961 against a common order of the Income Tax Appellate T...

High Court

High Court of Karnataka Allows Appeal in Income Tax Case on Applicability of Section 40A(3) — Cash Payment for Property Purchase Not Disallowable as Business Expenditure. Section 40A(3) of Income Tax Act, 1961 applies only to revenue expenditure, not capital expenditure, and thus cash payment for purchase of property cannot be disallowed.

26 Jun 2015

The appellant, Smt. Saira Banu, filed an appeal under Section 260-A of the Income Tax Act, 1961, against the order of the Income Tax Appellate Tribuna...

High Court

High Court of Karnataka Adjudicates TDS Obligations of Turf Clubs on Stake Money Payments to Horse Owners under Income Tax Act. Interpretation of Section 194B and CBDT Circulars Central to Dispute over Characterization of Stake Money as Winnings.

26 Sep 2014

The case involved writ petitions filed by Bangalore Turf Club Limited, Mysore Race Club Limited, Karnataka Race Horse Owners Association, and an indiv...

High Court

KAHC010028192013_1

26 Sep 2014

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High Court

High Court of Karnataka Hears Petitions Against TDS Notices Issued to Turf Clubs Under Section 194B of Income Tax Act — Argued That Stake Money Is Not Winnings. Petitioners Contend That CBDT Circular No.467 Exempts Stake Money From TDS and That Such Payments Are Business Income Taxable Under Section 74A, Not Winnings Under Section 194B.

26 Sep 2014

The batch of writ petitions before the High Court of Karnataka at Bangalore arose from notices issued by the Income Tax Department to turf clubs in Ba...

High Court

Bombay High Court Partially Allows Challenge to Arbitral Award in Construction Contract Dispute — Excess Material Consumption Claim Upheld, Defective Work Claim Set Aside. Court Interprets Contractual Wastage Allowances and Holds That Arbitrator's Findings on Excess Consumption Are Not Perverse, But Award for Defective Work Lacks Evidence.

2 Sep 2014

The petitioner, New Consolidated Construction Co. Ltd., challenged an arbitral award dated 16th September 2013 under Section 34 of the Arbitration and...

High Court

Bombay High Court Dismisses Revenue's Appeal in Income Tax Penalty Case. Journal Entry Set-off for Loan Repayment Does Not Violate Section 269T of Income Tax Act, 1961, as It Is Not a Repayment but an Adjustment of Mutual Claims.

12 Jun 2012

The case involves an appeal by the Commissioner of Income Tax against the order of the Income Tax Appellate Tribunal (ITAT) which deleted the penalty ...

High Court

Bombay High Court Allows Appeal in Income Tax Case — HDPE Powder Stock Not Unexplained Investment Under Section 69. Assessee's books of accounts showing purchases and closing stock were accepted, and nature and source of investment were duly explained.

17 Jan 2005

The appeal was filed by the assessee, Babulal C. Borana, a dealer in HDPE plastic powder, under Section 260A of the Income Tax Act, 1961 against the d...

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