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Gujarat High Court Quashes Reassessment Notice Under Section 148 of Income Tax Act, 1961 for Lack of Proper Sanction Under Section 151. Sanctioning Authority Must Apply Independent Mind and Not Merely Rely on Proposal of Assessing Officer.

The petitioner, Gulbrandsen Private Limited, filed a writ petition before the Gujarat High Court challenging a notice dated 16.06.2025 issued under Se...

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Bombay High Court Hears Suit by Trustees of Public Charitable Trust for Declaration of Ownership of Suit Properties Under Maharashtra Public Trusts Act, 1950. Defendant's Probate-Based Claim to Trust Properties and Alleged Trespass Prompted Suit for Declaration and Permanent Injunction.

The dispute arose between the trustees of the Banaji Limji Agiary Trust, a public charitable trust registered under the Maharashtra Public Trusts Act,...

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Bombay High Court Quashes Appropriate Authority's Purchase Order Under Section 269UD(1) Income Tax Act for Violation of Natural Justice. Failure to Supply Valuation Report and Sale Instances to Transferor and Transferee Before Passing Compulsory Purchase Order Invalidated Proceedings.

The writ petition challenged an order dated 28 April 1993 passed by the Appropriate Authority under Section 269UD(1) of the Income Tax Act, 1961, dire...

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Bombay High Court Allows Condonation of One-Day Delay in Filing Income Tax Return Due to Technical Glitch. Delay of One Day in E-Filing Held to Be Beyond Assessee's Control, Entitling Condonation Under Section 119(2) of Income Tax Act, 1961.

The judgment concerns two writ petitions filed by M/s. Cosme Matias Menezes Pvt. Ltd. and M/s. CMM Logistics Pvt. Ltd. against the Commissioner of Inc...

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High Court of Karnataka Dismisses Revenue's Appeal in Income Tax Case — ERAF Receipt Not Income of Assessee. Amount Received from Exchange Risk Administration Fund Treated as Advance/Liability Converted to Equity, Not Taxable Income Under Income Tax Act, 1961.

The Revenue filed two appeals under Section 260A of the Income Tax Act, 1961, challenging the order of the Income Tax Appellate Tribunal (ITAT) dated ...

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Bombay High Court Dismisses Section 34 Challenge to Arbitral Award in Partnership Dispute — Upholds Award of Rs. 7.39 Crore with Interest. Limitation plea rejected as claim was within time; quantification not perverse.

The judgment concerns a Commercial Arbitration Petition under Section 34 of the Arbitration and Conciliation Act, 1996, challenging an arbitral award ...

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Bombay High Court Allows Appeal in Income Tax Case: Investment in Shares of Private Company for Acquiring Control Held as Capital Asset, Not Stock-in-Trade. Shares held for 31 months with transfer restrictions cannot be treated as trading asset under Income Tax Act, 1961.

The appellant, Accra Investments Private Ltd., filed an appeal under Section 260A of the Income Tax Act, 1961 against the order dated 25 April 2012 of...