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Bombay High Court Dismisses Revenue's Appeal in Income Tax Case on Disallowance Under Section 14A and TP Adjustment on Guarantee Commission. ITAT's Restriction of Disallowance to Rs.1,00,000/- and Deletion of TP Addition Upheld as No Substantial Question of Law Arises.

The case pertains to an appeal filed by the Commissioner of Income Tax, Mumbai (the revenue) against the order of the Income Tax Appellate Tribunal (I...

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WRIT PETITION NO.9189 of 2010

The matter arose out of a dispute over the setting up of a new private sugar factory. Khandoba Prasanna Sakhar Karkhana Limited and Sahyadri Sahakari ...

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High Court of Karnataka Quashes Stamp Duty Demand on Development Agreement — Karnataka Appellate Tribunal's Order Set Aside for Lack of Proper Consideration of Evidence and Non-Application of Mind to the Definition of 'Conveyance' Under the Karnataka Stamp Act, 1957.

The petitioners, M/s. Motwani Builders and M/s. B. Alim Builders, filed writ petitions under Articles 226 and 227 of the Constitution of India challen...

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Supreme Court Disposes of Appeals by Authority for Advance Rulings Against High Court Judgment Quashing AAR's Rejection of Treaty Benefits. Questions Raised on Taxation of Capital Gains Under India-Mauritius DTAA and Scope of Section 245R(2) Proviso (iii) of Income Tax Act, 1961.

The disputes arose from applications for advance ruling filed by three Mauritius-incorporated companies—Tiger Global International II Holdings, Tige...

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High Court of Karnataka Allows Bank's Writ Petition, Quashes Commercial Court Order Rejecting IA for Production of Documents. Court Holds That Production of Documents Under Order XI Rule 12 CPC Cannot Be Denied on Grounds of Relevance at the Stage of Filing IA.

The petitioner, The Karnataka Bank Ltd., filed a writ petition under Articles 226 and 227 of the Constitution of India before the High Court of Karnat...