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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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Division Bench of Karnataka High Court Hears Challenge to Karnataka Hindu Religious Institutions and Charitable Endowments (Amendment) Act, 2011 by Temple Trusts. Petitioners Allege Amendment Is Discriminatory and Violative of Fundamental Rights Under Constitution.

The petitioners, comprising 64 Hindu religious institutions and charitable trusts from various districts of Karnataka, filed writ petitions under Arti...

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Bombay High Court Dismisses Petitions Challenging Invalidation of Scheduled Tribe Certificates for Police Recruits. Claimants Failed to Prove 'Thakur' Tribe Status; Scrutiny Committee's Orders Upheld.

The judgment involves five writ petitions filed by individuals whose Scheduled Tribe (ST) certificates claiming to belong to the 'Thakur' tribe were i...

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High Court of Karnataka Delivers Judgment on Batch of Writ Petitions Concerning Input Tax Credit Under KVAT Act. Interpretation of Section 10(3) of the Karnataka Value Added Tax Act, 2003 and Availment of Input Tax Credit Irrespective of Invoice Month Framed the Core Issue.

A batch of writ petitions came before the High Court of Karnataka under Article 226 of the Constitution of India, filed by various companies including...

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Bombay High Court Allows Appeal in Income Tax Case — Disallowance of Business Expenditure Set Aside. Tribunal erred in disallowing Rs.11,76,540/- as business expenditure under Income Tax Act, 1961 without proper appreciation of evidence.

The appellant-assessee, Indian Galvanics Cyrium Foils Ltd., a closely held industrial company engaged in manufacturing copper foils at Gandhi Nagar, f...