Search Results for "individual income"

1659 result(s) found

Scroll Down To Discover

Found 1659 result(s)

© Image Copyrights Juris Services & Technology

Bombay High Court Dismisses Revenue's Appeal in Joint Venture Taxation Case — Income Taxable Only in Hands of Actual Executor. ITAT's concurrent finding that joint venture did not execute contract and income was already assessed in hands of constituent member upheld.

The case involves an appeal by the Commissioner of Income Tax-I, Nagpur, against the order of the Income Tax Appellate Tribunal (ITAT), Nagpur, in res...

© Image Copyrights Juris Services & Technology

High Court Allows Appeal and Remands Matter to ITAT Due to Completed Assessments During Pendency. Income Tax Appeal Under Section 260A of Income Tax Act, 1961 Remanded for Fresh Consideration in Light of Completed Assessments.

The appellant, Sri Padamanarayana Asawa, son and legal heir of late Ramvallabh Asawa, filed an appeal under Section 260A of the Income Tax Act, 1961, ...

© Image Copyrights Juris Services & Technology

Gujarat High Court Quashes Reassessment Notice Under Section 148 of Income Tax Act for Non-Application of Mind. Notice Issued Based on Search Materials Without Independent Satisfaction or Opportunity of Hearing Held Invalid.

The petitioner, Dilipbhai Prabhudas Patel, an individual and part of the PSY Group engaged in real estate business, filed his return of income for Ass...

© Image Copyrights Juris Services & Technology

Bombay High Court Considers Quashing of FIR Against Trustees for Alleged Misappropriation of Trust Land. Absence of Dishonest Intention and Individual Ownership of Sold Property Raised to Negate Offences Under Sections 420, 406, 467, 471 IPC and Sections 66A, 67 MPT Act.

The case involved two criminal applications filed by former office-bearers of a public trust before the Bombay High Court seeking quashing of an FIR a...

© Image Copyrights Juris Services & Technology

Bombay High Court Dismisses Revenue's Appeal in Keyman Insurance Premium Deduction Case. Partnership Firm's Premium on Partner's Life Insurance Held Allowable as Business Expenditure Under Section 37(1) of Income Tax Act, 1961.

The appeal by the Revenue under Section 260A of the Income Tax Act, 1961 challenged the order of the Income Tax Appellate Tribunal (ITAT) which had co...

© Image Copyrights Juris Services & Technology

High Court of Gujarat Enhances Compensation for Injured Truck Cleaner in Motor Accident Claim — Functional Disability Assessed at 100% Due to Amputation of Both Legs. Notional Income Fixed at Rs. 8,000 Per Month for Computing Future Loss of Income Under Motor Vehicles Act, 1988.

The appellant, Sanjaybhai Somabhai Tadvi, was a cleaner/conductor on an Eicher truck. On 02.01.2016, the truck driven rashly and negligently collided ...

© Image Copyrights Juris Services & Technology

Gujarat High Court Partly Allows Insurance Company's Appeal in Motor Accident Claim Due to Lack of Income Proof. Compensation reduced from Rs.35,84,800/- to Rs.22,80,000/- as deceased's income assessed notionally at Rs.1,80,000/- per annum under Section 166 of Motor Vehicles Act, 1988.

The appeal was filed by The New India Assurance Company Limited against the judgment and award dated 25.03.2022 passed by the Motor Accident Claims Tr...