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Bombay High Court Dismisses Revenue's Challenge to Settlement Commission Order in Income Tax Case. ITSC's order under Section 245D(4) of Income Tax Act, 1961 upheld as valid and not perverse.

The Commissioner of Income Tax, Central – II, Mumbai, filed a writ petition challenging an order dated 31st July 2013 passed by the Income Tax Settl...

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Bombay High Court Dismisses Petition Challenging SEBI Settlement Regulations and Rejection of Settlement Proposal. Internal Committee's Power to Impose Conditions Precedent Upheld as Valid and Not Ultra Vires.

The petitioners, Abans Enterprises Ltd. and its promoter Abhishek Bansal, challenged the validity of regulations 6(1)(f) and 13(2)(ba) of the Securiti...

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Supreme Court Allows Bank's Appeal Against High Court's Mandamus to Consider OTS Application. Court Holds That No Writ of Mandamus Can Be Issued to Direct a Bank to Grant One Time Settlement Benefit Under Article 226 of the Constitution.

The present appeal arises from a judgment of the Allahabad High Court which, in exercise of powers under Article 226 of the Constitution of India, iss...

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High Court of Judicature at Madras Considers Writ Petition Against Order of Industrial Tribunal Rejecting Plea for Award on Majority Settlement. Industrial Tribunal Found Majority Settlement Voluntary but Held It Not Binding on Non-Signatory Union Members Under Industrial Disputes Act, 1947.

The management of Caterpillar India Private Limited, a multinational manufacturing off-road vehicles, and its recognized union, Caterpillar India Priv...

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High Court Quashes Industrial Tribunal Award Reinstating Employee in Banking Company Case, Holding Voluntary Retirement Under Bipartite Settlement Valid. Employee's Inaction and Prolonged Absence After Sanctioned Leave Justified Deemed Voluntary Retirement Without Departmental Enquiry.

The dispute arose when an employee of State Bank of India, serving as a cashier cum clerk, availed leave and overstayed in Japan. Between April and Ju...

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Bombay High Court Allows Petition Challenging Rejection of Preliminary Issue on Notice Under Section 19(2) of Industrial Disputes Act, 1947 — Notice Served During Settlement Period Held Invalid. Settlement Binding Until Expiry Date, Notice Cannot Terminate It Prematurely.

The petitioners, M/s. Fomento Resorts & Hotels Ltd. and its hotel establishment Cidade de Goa, challenged an order dated 13.03.2012 passed by the Indu...

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Bombay High Court Allows Revenue's Appeal in Income Tax Case — Interest Under Section 220(2) Held Leviable Till Final Order of Settlement Commission Under Section 245D(4). The Court set aside the Tribunal's order restricting interest till the date of admission of application under Section 245D(1).

The case involves an appeal by the Commissioner of Income Tax against the order of the Income Tax Appellate Tribunal (ITAT) which held that interest u...