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Supreme Court Allows Land Acquisition Appeals, Enhances Compensation for Dharuhera Village Acquisition. Land Losers Entitled to Rs. 1,49,14,975/- per Acre Based on Exemplary Sale Deeds Under Sections 4 and 6 of Land Acquisition Act, 1894.

The Supreme Court adjudicated a batch of twenty-seven appeals arising from land acquisition proceedings in Haryana. Sixteen appeals pertained to acqui...

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Bombay High Court Dismisses Revenue's Appeal in CENVAT Credit Dispute on Exempted Goods. CENVAT Credit on Engraved Printing Cylinders Allowed Where Supplier's Duty Payment Not Challenged by Jurisdictional Officer.

The Appellant-Revenue filed an appeal under Section 35G of the Central Excise Act, 1944 against the order dated 20 October 2023 of the Customs, Excise...

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Bombay High Court Directs Immediate Refund of Undisputed Income Tax Refund Under Section 168(1) of Income Tax Act, 1961 — Failure to Release Admitted Refund Despite Reminders Constitutes Arbitrary Action

The petitioner, Group M Media India Private Limited, filed a writ petition before the Bombay High Court alleging failure by the respondents (income ta...

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Bombay High Court Allows Writ Petition Challenging TDS Deduction on Interest Component of Motor Accident Compensation. Interest on compensation under Motor Vehicles Act is not 'income' and TDS cannot be deducted under Income Tax Act.

The petitioner, Balkrishna Mhaske, through his wife Latabai, filed a writ petition challenging the deduction of Tax at Source (TDS) on the interest co...

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Bombay High Court Directs Customs to Consider Reward to Informer's Widow Under Circular 20/2015 — Withholding of Reward Unjustified. The court held that the reward policy must be applied and the widow's representation must be considered within eight weeks.

The petitioner, Jayashree Chandrakant Dhavre, is the widow of a deceased informer who provided specific information to the Marine and Preventive Wing ...

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Supreme Court Dismisses Appeal in Partition Suit, Upholds Finding That Properties Were Self-Acquired by Sons, Not Benami. Benami Transactions (Prohibition) Act, 1988 Held Retroactive, Barring Claim Based on Benami Nature.

The present appeal arises from a partition suit filed by Smt. P. Leelavathi (since deceased, represented by legal heirs) against her brothers, the ori...

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Bombay High Court Dismisses Petition Challenging Tax Deduction at Source on Land Acquisition Compensation. Section 194LA of Income Tax Act, 1961 Held Applicable at Time of Payment, Not Award Date.

The petitioners, owners of land acquired under the Land Acquisition Act, 1894, were aggrieved by the deduction of tax at source under Section 194LA of...

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Bombay High Court Allows Assessee in Income Tax Reference Under Section 256(1) of Income Tax Act, 1961 — Profits on Sale of Machinery Not Taxable Under Section 41(2) as Depreciation Was Claimed by Dissolved Firm, Not by Assessee.

The case involves a reference under Section 256(1) of the Income Tax Act, 1961 by the Income Tax Appellate Tribunal, Mumbai, for the opinion of the Bo...