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High Court of Karnataka Upholds Exemption for Educational Society under Section 10(23C)(iiiad) of Income Tax Act, 1961 — Society Not Required to Be Solely an Educational Institution. Income from letting out auditorium and other properties used for educational purposes qualifies for exemption.

The case involves appeals by the Revenue against the order of the Income Tax Appellate Tribunal (ITAT) granting exemption under Section 10(23C)(iiiad)...

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Bombay High Court Quashes Lease Rent Demand Against Indian Oil Corporation for Lack of Jurisdiction and Limitation. Collector's demand for arrears of lease rent for periods prior to 1995 set aside as time-barred and without authority under Maharashtra Land Revenue Code, 1966.

The petitioner, Indian Oil Corporation Limited, challenged a communication dated 14 March 2002 from the Collector, Mumbai Suburban District, demanding...