Search Results for "fiscal purposes"

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Bombay High Court Quashes Reopening of Assessment Under Section 148 of Income Tax Act, 1961 for Non-Resident Company — Lack of Reasonable Belief of Income Escaping Assessment. Reassessment Based on Mere Change of Opinion is Impermissible; Notice and Order Rejecting Objections Set Aside.

The petitioner, Indivest Pte Ltd, a company incorporated in Singapore and wholly owned by the Government of Singapore, filed a writ petition challengi...

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Bombay High Court Dismisses Assessee's Appeal in Income Tax Case — Upholds Disallowance of Capital Losses and Business Loss on Guarantee Transactions. Tribunal's findings on sham transactions and lack of commercial substance affirmed under Income Tax Act, 1961.

The appellant, Killick Nixon Limited, filed an appeal under Section 260A of the Income Tax Act, 1961 against the order of the Income Tax Appellate Tri...

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Bombay High Court Dismisses Writ Petition Challenging Mutation Entry in Property Dispute — No Interference Under Article 227 as Civil Suit Already Pending for Adjudication of Title. Mutation Entry Does Not Confer Title; Dispute Must Be Decided by Civil Court.

The case involves a property dispute between the petitioners and respondents over mutation entries in revenue records. The petitioners, legal heirs of...

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Bombay High Court Allows Writ Petition in Land Revenue Dispute — Sets Aside Tribunal Order for Non-Compliance with Natural Justice. Failure to Consider Relevant Evidence and Provide Opportunity to Lead Evidence Constitutes Violation of Principles of Natural Justice Under Maharashtra Land Revenue Code.

The petitioners, legal representatives of the deceased Vaijnath Karpure, filed a writ petition under Article 227 of the Constitution of India challeng...

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Bombay High Court Dismisses Petitions Challenging Cess Increase Under Zilla Parishad Act. Levy of Cess and Additional Cess on Agricultural Land Upheld as Valid Under Sections 144 and 155 of the Zilla Parishad and Panchayat Samiti Act, 1961.

The petitioners, residents and owners of agricultural lands in Ahmednagar District, challenged the Resolution dated 06/11/1993 passed by respondent No...

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Bombay High Court Allows Writ Petitions Challenging Mutation Entries in Revenue Records — Held That Mutation Entries Do Not Confer Title and Must Be Based on Lawful Possession or Title. Revenue Authorities Cannot Adjudicate Title Disputes and Must Respect Civil Court Decrees.

The case involves two writ petitions filed by the petitioners, who are legal representatives of the original owners of agricultural lands in Korali, T...

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Bombay High Court Dismisses Tenant's Writ Petition Challenging Concurrent Findings in Landlord-Tenant Dispute Under Bombay Rent Act. Landlord-Tenant Relationship Established by Rent Receipts and Admission, Mesne Profits Upheld.

The petitioner, Vishnu Sanap, filed a writ petition under Article 227 of the Constitution of India challenging the concurrent judgments of the trial c...