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Bombay High Court Upholds Disallowance of Medical Expenditure on Foreign Tour for Eye Treatment as Personal Expenditure Under Section 37(1) of Income Tax Act, 1961. Expenditure incurred for pre-operation investigation of eyes held to be personal in nature, not allowable as business expenditure.

The case pertains to a reference under Section 256(1) of the Income Tax Act, 1961, by the Income Tax Appellate Tribunal to the Bombay High Court. The ...

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Madras High Court Sets Aside GST Assessment Order for Violation of Natural Justice, Remands on Condition of 25% Pre-Deposit. Petitioner challenged assessment order under GST for FY 2021-22 on ground of no hearing; court remanded for fresh consideration subject to pre-deposit of 25% of disputed tax.

The petitioner, Nikasutapes Belt, a proprietorship firm represented by its proprietor Mr. Karthikeyan Vellingiri, filed a writ petition under Article ...

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High Court of Bombay at Goa Allows Tax Appeal on Valuation of Work in Progress in Real Estate — Accounting Standard AS-7 Must Be Followed for Correct Profit Computation. Tribunal's Reliance on Precedent Without Notice Violates Natural Justice.

The appellant, Kayji Real Estate Pvt. Ltd., a company incorporated under the Companies Act, 1956, filed an appeal under the Income Tax Act, 1961, chal...

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Bombay High Court Holds Criminal Complaints Under Section 138 NI Act Not Covered by Company Law Moratorium. The expression 'suit or other proceedings' in Sections 442 and 446(1) of Companies Act, 1956 does not include criminal proceedings under Section 138 of Negotiable Instruments Act, 1881.

The case involves a reference to resolve a conflict between two Single Judge judgments of the Bombay High Court regarding whether criminal complaints ...

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Bombay High Court Hears Appeal Against ITAT's Interpretation of Infrastructure Fee Entitlement; Assessee Contends for Allowance of 5% of Gross Advertising Bills Under Agreement. Interpretation of Clause-3 of Agreement Raises Substantial Question of Law Under Section 260A of Income Tax Act, 1961.

The appeal arose from an assessment order for Assessment Year 1993-94 concerning the deduction claimed by the assessee, M/s. Star Time Communication (...

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Bombay High Court Allows Additional Documents in Arbitration Petition Despite Delay, Subject to Costs — Charge-Sheet Filed Against Contractor Relevant to Dispute Under Section 34 of Arbitration and Conciliation Act, 1996.

The judgment concerns two notices of motion filed in pending commercial arbitration petitions under Section 34 of the Arbitration and Conciliation Act...