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CIVIL REVISION APPLICATION NO. 112 OF 2012

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Bombay High Court Quashes TPO Order in Transfer Pricing Adjustment for Demerger Transaction. Held that transfer pricing provisions under Section 92 of Income Tax Act, 1961 do not apply to a demerger approved by High Court where assets and liabilities are transferred at book value without any consideration.

The petitioner, Times Global Broadcasting Company Ltd, a wholly owned subsidiary of Benett, Coleman and Company Ltd (BCCL), was engaged in distributio...

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Bombay High Court Allows Auction Purchasers' Petition in SARFAESI Act Case Due to Overriding Effect of Section 26E Over MVAT Act. Property Purchased in SARFAESI Auction Held Free from Prior Sales Tax Attachment Under Section 38C of MVAT Act.

The petitioners, Shailesh K. Bothra and Mukesh C. Karwa, were auction purchasers of a property sold by Cholamandalam Investment & Finance Co. Ltd. (pe...

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Bombay High Court Dismisses Revision Against Rejection of Plaint Rejection Application in Trust Property Suit. Court Fees Held Properly Paid as Suit Was for Injunction, Not Recovery of Money.

The case involves a civil revision application filed by the original defendants (applicants) challenging an order of the trial court dated 15/11/2016 ...

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Bombay High Court Hears Appeal Against Dismissal of Suit Challenging Acquisition of Property Under MHADA Act. Challenge to Acquisition Notices and Notification Under Section 41 of Maharashtra Housing & Area Development Authority Act, 1976 for Alleged Procedural Lapses and Lack of Structural Dilapidation.

This first appeal arises from a suit filed by the plaintiffs, trustees of a public charitable trust, who claimed ownership of certain buildings known ...

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Bombay High Court Allows EPF Authority to Auction Defaulting Employer's Property Despite Bank's Secured Interest Under SARFAESI Act. Priority of EPF Dues Over Secured Creditors Under Section 11(2) of EPF Act Upheld.

The Central Board of Trustees, Employees Provident Fund (Petitioner) filed a writ petition seeking auction of the property of Respondent No.2 (the emp...