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Bombay High Court Upholds Tribunal's Decision on Interest Levy in Income Tax Reference - Interest Under Section 217 Not Leviable for Failure to Revise Advance Tax Statement When No Initial Statement Was Required Due to Income Below Threshold Under Section 208(2).

This is a reference under Section 256(1) of the Income-tax Act, 1961, at the instance of the Revenue, arising from the order of the Income Tax Appella...

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Bombay High Court Dismisses Petition Challenging Industrial Tribunal Award in Retrenchment Compensation Case. ICAR and its institutes held to be 'industry' under Section 2(j) of Industrial Disputes Act, 1947, following precedent in Duryodhan Hiraman Ingole v. ICAR.

The petitioners, the Chairman/Director of National Bureau of Plants Genetics Resources and the National Bureau of Plants Genetics Resources, Regulatio...

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Bombay High Court Dismisses Appeal Against Order Condoning Delay of 129 Days in Arbitration Petition. Benefit of Section 14 of Limitation Act Extended as Earlier Filing in Delhi Court Was Bona Fide Despite Lack of Territorial Jurisdiction.

The dispute arose from an arbitral award passed on 25 February 2014. The respondent, Globe Capital Market Ltd., challenged the award by filing an arbi...

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ARBITRATION PETITION NO.549 OF 2013

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Supreme Court Upholds Royalty on Run-of-Mine Coal for Period Prior to Insertion of Rule 64B and 64C in Mineral Concession Rules, 1960. Processed or Beneficiated Coal Attracts Royalty After Effective Date of Notification Dated 25th September, 2000.

The dispute involved multiple appeals before the Supreme Court arising out of conflicting interpretations of the stage at which royalty becomes payabl...