Search Results for "Finance Act 1956"

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Search Results for "Finance Act 1956"

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High Court

High Court of Bombay Adjudicates Appeals Against Company Law Board's Investigation Order Under Section 237(b)(i) of Companies Act, 1956. Appeals challenge the order directing investigation into the affairs of companies allegedly linked to Ketan Parekh in the 2001 stock scam.

31 Mar 2005

The judgment pertains to 14 appeals filed by various companies alleged to be controlled by Ketan Parekh, the central figure in the 2001 stock market s...

Supreme Court

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.

24 Apr 2020

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...

High Court

High Court of Karnataka Allows Appeal of Co-operative Credit Society for Deduction Under Section 80P(2)(a)(i) of Income Tax Act, 1961 — Registration Under Karnataka Co-operative Societies Act, 1959 Does Not Disqualify for Deduction Under Section 80P(2)(a)(i) of Income Tax Act, 1961.

17 Sep 2014

The appellant, Venugram Multipurpose Co-operative Credit Society Ltd., is a co-operative credit society registered under the Karnataka Co-operative So...

High Court

High Court of Bombay Considers Whether an Authorised Dealer Compliant with RBI's FLM Instructions Can Be Held Liable under Sections 6(4) and 6(5) of FERA; Maintainability Not Disputed Despite Co-Noticees' Failure to Appeal.

14 Oct 2010

This matter concerns two appeals filed under the Foreign Exchange Management Act (FEMA) before the High Court of Bombay, challenging an order of the A...

Supreme Court

Supreme Court Allows State's Appeal Against High Court Direction to Amend Pension Regulations for Statutory Board Employees. High Court Exceeded Jurisdiction by Directing Amendment of Regulation 52 of Orissa Khadi and Village Industries Board Regulations, 1960 When Regulation Explicitly Denied Pension Entitlement and Was Not Challenged as Invalid.

17 Mar 2023

The appeal arose from a dispute concerning pensionary benefits for employees of the Orissa Khadi and Village Industries Board. The State of Orissa cha...

High Court

Bombay High Court Upholds Constitution of Special Bench by ITAT President on CBDT Request in Income Tax Appeal. Power under Section 255(3) of Income Tax Act is Administrative and Not Subject to Prior Hearing or Natural Justice.

10 Aug 2015

The petitioner, M/s Jagati Publications Ltd., a public limited company publishing a Telugu newspaper, filed a writ petition in the Bombay High Court c...

High Court

Bombay High Court Dismisses Challenge to Arbitral Award in Loan Dispute, Upholds Financer's Claim. Court holds that existence of arbitration agreement is not a jurisdictional issue under Section 16 of Arbitration and Conciliation Act, 1996, and the award is not patently illegal.

17 Dec 2012

The judgment concerns two arbitration petitions: Arbitration Petition No. 783 of 2011 filed by the borrowers (M/s. Sahyadri Earthmovers and its partne...

High Court

Bombay High Court Quashes Criminal Proceedings Against Directors in CBI Case for Lack of Sanction Under Section 197 CrPC. Directors of Companies Cannot Be Prosecuted Without Prior Sanction as They Were Public Servants Under the Prevention of Corruption Act, 1988.

25 Oct 2010

The case involves two criminal revision applications filed by directors of companies against whom the CBI had initiated prosecution. The applicants we...

High Court

Bombay High Court Allows Appointment of Sole Arbitrator in Joint Venture Dispute — Arbitration Clause Survives Termination of Agreement. Section 11 of the Arbitration and Conciliation Act, 1996 invoked for disputes arising from Joint Venture Agreement dated 28th March, 2007.

6 May 2022

The applicant, M/s. Atul & Arkade Realty, a partnership firm engaged in real estate development, filed an application under Section 11 of the Arbitrat...

High Court

Bombay High Court Quashes Demand Notice Against Director in Customs Duty Recovery Case – Recovery Provision Under Section 142 Cannot Be Invoked Against Non-Defaulter. Attachment of Director's Personal Property Set Aside as She Was Not Adjudged Liable Under Customs Act, 1962.

9 Jan 2013

Suman N. Agarwal, a director of Nisum Global Limited, filed a writ petition under Article 226 of the Constitution challenging a notice of demand dated...

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