Search Results for "Hypothetical Assessment"

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Supreme Court allowed Appeals in Criminal Case Involving to Summon Additional Accused Under Section 319 CrPC

The dispute arose from a criminal appeal where the appellant, as complainant in an FIR registered under Sections 307, 302, and 120-B of the Indian Pen...

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High Court of Karnataka Enhances Compensation for Land Acquisition for Minor Irrigation Tank — Market Value Determined at Rs. 1,50,000 per Acre with 30% Solatium and 12% Additional Market Value. Comparable Sales Method Applied Under Section 23 of Land Acquisition Act, 1894 to Fix Enhanced Compensation.

The appellants, whose land was acquired for construction of a minor irrigation tank, challenged the judgment and award of the Reference Court dated 18...

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Bombay High Court Upholds Tribunal's Decision That Ice Cream Is Not 'Sweet and Sweetmeats' Under Bombay Sales Tax Act, 1959. Ice cream is a distinct commodity not covered by Notification Entry 374 for reduced tax rate under Schedule Entry C-II-35(1).

The case concerns M/s. Vadilal Dairy International Ltd., a registered dealer and manufacturer of ice cream under the Bombay Sales Tax Act, 1959. The G...

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Bombay High Court Upholds Disallowance of Commission Paid to Directors Under Section 40(c)(iii) of Income Tax Act. Commission paid to directors, even if reasonable and lumpsum, constitutes remuneration subject to disallowance under Section 40(c)(iii).

The case involves an income tax reference under Section 256(1) of the Income Tax Act, 1961, by M/s. Nagpur Engineering Co. Pvt. Ltd. (the assessee) ag...

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High Court of Bombay Dismisses Insurance Company's Appeal in Motor Accident Claim — Compensation Awarded to Family of Deceased Engineering Student Upheld. Tribunal's Assessment of Notional Income at Rs. 3,000 per Month and Multiplier of 18 Found Just and Proper Under Motor Vehicles Act, 1988.

The present appeal was filed by the Oriental Insurance Co. Ltd. against the judgment and award dated 12/02/2007 passed by the Motor Accident Claims Tr...

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Bombay High Court Dismisses MSRTC Appeal in Motor Accident Claim — Upholds Compensation for Deceased Engineer. Contributory Negligence Not Established; Tribunal's Assessment of Income, Multiplier, and Dependency Upheld Under Motor Vehicles Act, 1988.

The appeal was filed by the Maharashtra State Road Transport Corporation (MSRTC) against the judgment and award dated 31-07-2006 passed by the Motor A...

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Bombay High Court Rules Against Export Tax Exemption for Helium Gas Supplied to ONGC at Mumbai High. Sales to ONGC at Mumbai High Not Exports Under Section 5(1) Central Sales Tax Act as Mumbai High Is Not a Foreign Destination.

The case involves a sales tax reference under Section 61(4) of the Bombay Sales Tax Act, 1959, arising from a decision of the Maharashtra Sales Tax Tr...