Search Results for "Deduction"

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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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Supreme Court Allows Deduction Under Section 80HH on Gross Profits Without Deducting Depreciation and Investment Allowance. The Court Overruled Motilal Pesticides and Held That Section 80HH Deduction Is Computed on 'Profits and Gains' Not 'Income'.

The Supreme Court considered a batch of civil appeals concerning the interpretation of Section 80HH of the Income Tax Act, 1961, for the Assessment Ye...

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Supreme Court Acquits Accused in Corruption Case Due to Lack of Proof of Demand. Conviction under Prevention of Corruption Act cannot be sustained when primary evidence of demand is absent due to complainant's death and no other reliable evidence establishes demand.

The Supreme Court allowed the appeal of Mrs. Neeraj Dutta, an LDC in Delhi Vidyut Board, who was convicted under Sections 7 and 13(1)(d) read with Sec...

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Supreme Court Dismisses Appeal by U.P. Avas Evam Vikas Parishad in Land Acquisition Compensation Case. Market Value Fixed at Rs.99 per sq. yard Upheld as Just and Reasonable Based on Comparable Sale Deeds and Location of Land.

The case pertains to the acquisition of land by U.P. Avas Evam Vikas Parishad (the appellant) under the Land Acquisition Act, 1894 for a housing schem...

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Supreme Court Allows State Appeal in Contempt Proceedings Over Implementation of Benefits to Daily Wage Workers. Government Resolution dated September 15, 2014 Held to Be in Conformity with Earlier Directions.

The State of Gujarat appealed against a judgment of the Gujarat High Court in contempt proceedings initiated by the PWD and Forest Employees Union. Th...

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Supreme Court Restores Compensation in Motor Accident Claim — Bus Driver's Negligence Established by Preponderance of Probabilities. Non-examination of Pillion Rider Not Fatal to Claim Under Motor Vehicles Act, 1988.

The case arises from a motor accident on 28 October 2011, when Sitaram, a senior government school teacher, was riding a motorcycle with a pillion rid...

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Supreme Court Allows Appeals and Remands Industrial Dispute to Tribunal for Fresh Adjudication on Merits. Ex Parte Award Set Aside as Appellant Had No Opportunity to Contest Reference.

The case involves an industrial dispute referred by the State Government under Section 10(1) of the Industrial Disputes Act, 1947 to the Industrial Tr...