Search Results for "income computation"

994 result(s) found

Scroll Down To Discover

Found 994 result(s)

© Image Copyrights Juris Services & Technology

Writ Appeals Filed by Tea and Coffee Plantation Companies Against Denial of Input Tax Credit on Cultivation Inputs under Karnataka Value Added Tax Act, 2003. Issue: Whether Cultivation Inputs Eligible for Tax Credit Under Section 10(2) Read with Section 2(6) and 2(19) of the Act.

The appeals arose from reassessment orders passed under the Karnataka Value Added Tax Act, 2003, denying input tax credit to tea and coffee plantation...

© Image Copyrights Juris Services & Technology

High Court of Bombay Hears Writ Petition Seeking Quashing of Order and Reference under Section 92BA(i) of Income Tax Act, 1961. Petitioner challenges classification of three transactions as Specified Domestic Transactions based on related party and expenditure definitions.

The petitioner, HDFC Bank Ltd., a banking company, filed a writ petition under Article 226 challenging an order and reference passed by the Assistant ...

© Image Copyrights Juris Services & Technology

Supreme Court Allows Appeal of Injured Mason in Motor Accident Case — Functional Disability Assessed at 100% for Leg Amputation. Compensation Enhanced from Rs. 23.86 Lakhs to Rs. 33.13 Lakhs with 7.5% Interest Under Section 166 of Motor Vehicles Act, 1988.

The appellant, M. Paramesh, a 30-year-old mason, was severely injured in a road accident on 18.04.2017 when a lorry hit his bicycle on NH-7 near Anaip...

© Image Copyrights Juris Services & Technology

Karnataka High Court Considers Challenge to Levy of VAT on Liquor by Certain Licensees; Alleged Discrimination Between Different Categories of Excise Licence Holders. Petitioners Contend That Notification Exempting Some Dealers While Taxing Others Violates Articles 14, 19, and 304B of the Constitution.

The writ petitions were filed by various licensees under the Karnataka Excise Act, 1967, challenging the constitutional validity of Entry No.59A of th...

© Image Copyrights Juris Services & Technology

Bombay High Court Quashes Reassessment Notice Under Section 148 of Income-tax Act, 1961 for Lack of Fresh Material. Reopening Based on Mere Change of Opinion on Capital Gains Computation is Invalid.

The petitioners, A&J Associates (a partnership firm) and its partner Ajay Dilkhush Sarupria, challenged a notice under Section 148 of the Income-tax A...

© Image Copyrights Juris Services & Technology

Bombay High Court Allows Appeal in Motor Accident Claim — Negligence of ST Bus Driver Established. Compensation Enhanced from Rs. 1,08,000 to Rs. 3,24,000 with 6% Interest.

The appellants, being the parents and minor brother of the deceased Jakir Tamboli, filed a claim for compensation under the Motor Vehicles Act, 1988, ...

© Image Copyrights Juris Services & Technology

Bombay High Court Considers GST Liability on Royalty Payments to Court Receiver in Commercial Property Dispute. The Court Examines Whether Payments to a Court Receiver Under Order XL CPC Constitute Taxable Supply Under the CGST Act, 2017 and Whether GST Should be Discharged via Reverse Charge Mechanism.

The Bombay High Court, in a Court Receiver's Report arising from a commercial suit for recovery of possession of three shops used as a restaurant, exa...

© Image Copyrights Juris Services & Technology

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...