Search Results for "Finance Act 1978"

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Supreme Court Dismisses Appeal of Punjab State Power Corporation in Pay Parity Dispute Between Head Clerks and Internal Auditors. Internal Auditors Not Entitled to Same Pay Scale as Head Clerks Due to Different Recruitment, Duties, and Promotional Avenues.

The case involves a dispute between the Punjab State Power Corporation Limited (appellant) and Rajesh Kumar Jindal and others (respondents), who are I...

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Bombay High Court Allows Assessees in Income Tax Reference Regarding Gold Bonds Profit as Capital Gain. Profit from sale of National Defence Gold Bonds held not taxable as business income under Income Tax Act, 1961, as transaction was not an adventure in the nature of trade.

The case involves three income tax references arising from a common order of the Income Tax Appellate Tribunal, Mumbai, for the assessment year 1980-8...

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High Court Directs Deputy Commissioner to Expedite Disposal of Appeals Under Karnataka SC/ST (PTCL) Act, 1978. Petitioner, a respondent in appeals under Section 5A, sought mandamus for expeditious disposal; court directed disposal within three months.

The petitioner, P. Basavaraju, was a respondent in two appeals bearing PTCL Nos. 19/2012-13 and 06/2013-14 filed under Section 5A of the Karnataka Sch...

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Bombay High Court Dismisses Revenue's Petition in Central Excise Rebate Case — By-Product Export Rebate Allowed. Input Credit Adjustment Permitted Under CENVAT Credit Rules, 2004 for Duty Paid on Inputs Used in Manufacture of Final Product, Even if By-Product is Not Manufactured.

The Union of India, through the Commissioner of Central Excise, Raigad, filed a writ petition challenging an order of the Joint Secretary (Revision Ap...

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Bombay High Court Quashes Entertainment Tax Demand Against Charity Show Organizer. Show for Blind Held Exempt Under Section 7 of Bombay Entertainments Duty Act, 1923; Recovery Barred by Limitation.

The judgment concerns two writ petitions challenging a common order/action by the State of Maharashtra to recover entertainment duty from the organize...

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Supreme Court Directs SEBI to Liquidate Attached Assets and Refund Investors in Collective Investment Scheme Case — Court Emphasizes Need for Time-Bound Disposal and Coordination Between Authorities

The petitioners, who are husband, wife, and their son, were founder-directors of Sai Prasad Properties Ltd and other companies in the Sai Group. They ...