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Supreme Court Dismisses Contempt Petitions Against WPL in Super Bazar Revival Case — No Willful Disobedience of Orders Found. Revival Scheme Implemented Under Court Supervision; Payments Made as Directed.

The judgment pertains to contempt petitions filed against M/s Writers and Publishers Pvt. Ltd. (WPL) alleging willful disobedience of court orders in ...

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Bombay High Court Dismisses Revenue's Appeal on Allocation of Expenses in Section 80IB Deduction Case. Tribunal's Remand Upheld as Earlier Decision Not Challenged; Questions on Separate Unit Status and Depreciation Adjustment Admitted.

The case involves an appeal by the Revenue under Section 260A of the Income Tax Act, 1961 against an order of the Income Tax Appellate Tribunal dated ...

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Supreme Court Dismisses Revenue Appeal in Wealth Tax Case Concerning Leasehold Interest in Salt Pans. Precarious Lease Terminable Annually Held Not to Be an 'Asset' Under Section 2(e)(v) of Wealth-tax Act, 1957, as Interest is Available for Period Not Exceeding Six Years from Valuation Date.

The case arose from a wealth tax assessment for the year 1959-60 where the Wealth-tax Officer computed the value of the respondent-assessee's leasehol...

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Bombay High Court Allows Appeal for Enhancement of Compensation in Motor Accident Claim — Deceased Supervisor's Income Assessed at Rs.4,500 per Month, Multiplier of 18 Applied, Future Prospects Added. Claimants Awarded Rs.10,90,600 with Interest at 7.5% per Annum.

The present appeal was filed by the original claimants, legal heirs of Gopal Dilip Pawar, seeking enhancement of compensation awarded by the Motor Acc...

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Bombay High Court Partly Allows Insurance Company's Appeal Reducing Compensation in Motor Accident Claim Due to Lack of Income Proof. Multiplier Applied as per Sarla Verma and Future Prospects Denied for Agriculturist Without Stable Income.

The appeal was filed by the Insurance Company challenging the award of the Motor Accident Claims Tribunal, Ahmednagar, in MACP No.638 of 2009, which a...