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Supreme Court Upholds Constitutional Validity of Section 43B(f) of Income Tax Act — Leave Encashment Deduction Allowed Only on Actual Payment. Clause (f) is not arbitrary or violative of Article 14 as it serves a legitimate purpose of preventing abuse and ensuring employee welfare.

The Supreme Court in this appeal considered the constitutional validity of clause (f) of Section 43B of the Income Tax Act, 1961, which was inserted b...

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Bombay High Court Quashes Transfer of Assessment Under Section 127 of Income Tax Act for Violation of Natural Justice. Transfer order set aside as show cause notice did not disclose reasons and petitioner's objections were not considered before passing order.

The petitioner, Kamal Varandmal Galani, an individual assessee, filed a writ petition before the Bombay High Court challenging an order dated 21 Novem...

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Bombay High Court Partly Allows Appeal in Motor Accident Claim Case — Negligence Apportionment Set Aside and Compensation Enhanced. Deceased's income assessed at Rs. 15,000 per month with 25% future prospects and multiplier of 14 applied under Motor Vehicles Act, 1988.

The appellants, original claimants in a motor accident claim petition, filed an appeal under Section 173 of the Motor Vehicles Act, 1988, challenging ...

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High Court Dismisses Revenue's Appeal in Software Export Tax Exemption Case. ITAT's finding that assessee's software development services qualify as 'computer software' under Section 10B of Income Tax Act, 1961 upheld.

The present appeal was filed under Section 260-A of the Income Tax Act, 1961 by the Income Tax Department (appellants) against the order dated 19.01.2...

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Bombay High Court Allows Writ Petition of Lower Division Clerks Seeking Equal Pay for Equal Work. Petitioners, Regularized Ad Hoc Employees, Entitled to Same Pay Scale as Direct Recruits Under Articles 14 and 16 of the Constitution.

The petitioners, nine Lower Division Clerks working in the Income Tax Appellate Tribunal, Mumbai, filed a writ petition challenging the denial of the ...

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Supreme Court Upholds Revenue's Treatment of Profit-Sharing Payment as Capital Expenditure under Income-tax Act, 1922. Payment of Annual Percentage of Net Profits to Seller Government for Acquisition of Industrial Undertakings Held Capital in Nature, Not Revenue Deduction Under Section 10(2)(xv).

The appellant company, Travancore Sugars and Chemicals Ltd., was formed to take over certain industrial undertakings from the Government of the erstwh...

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Bombay High Court Dismisses Assessee's Appeal in Income Tax Case Upholding Addition of Unexplained Cash Credits Under Section 68. Assessee's Failure to Maintain Books of Account and Provide Confirmations for Loan Amounts Justifies Invocation of Section 68 of Income Tax Act, 1961.

The appeal arose from an order of the Income Tax Appellate Tribunal dated 30-07-2014, which upheld the addition of certain amounts as unexplained cash...

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Bombay High Court Quashes Reopening Notice Under Section 148 of Income Tax Act, 1961 for Lack of Fresh Material. Reassessment Based on Same Material as Original Assessment Without New Tangible Information is Invalid.

The petitioner, an individual assessee, filed his return of income for Assessment Year 2006-07 on 26 October 2007 declaring total income of Rs.2,84,19...

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NCLAT Considers Appeals by Unsuccessful Resolution Applicants Against Approval of Resolution Plan for Reliance Broadcast Network. Appeals Challenge NCLT Mumbai Orders Dismissing Objections to Challenge Process and Approving Sapphire Media Ltd.’s Plan.

This case involves five company appeals filed before the National Company Law Appellate Tribunal, Principal Bench, New Delhi, arising out of the corpo...