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Supreme Court Upholds Assessee Bank in Tax Dispute Over Appreciation of Blocked Foreign Exchange. Appreciation in Value of Pakistani Rupee Remittances Due to Devaluation Held Capital Receipt, Not Revenue Under Section 10 of Indian Income-tax Act, 1922.

The litigation concerned the tax treatment of appreciation in the value of foreign exchange held by a bank abroad, which arose upon devaluation of the...

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Karnataka High Court Hears Employer's Writ Petition Against Labour Court Order Allowing Workman's Claim for Full Wages under Section 33(C)(2) of Industrial Disputes Act, 1947. Maintainability of an Individual Workman's Application after Settlement by Other Workmen Examined.

The petitioner, Mulberry Silks Ltd, a company engaged in silk fabric manufacturing, filed a writ petition under Articles 226 and 227 of the Constituti...

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Bombay High Court Upholds Revenue in Income Tax Reference on HUF Income Assessment. Income from assets received on partition by a bachelor remains individual income even after marriage, as no HUF is created without blending.

The case involves a reference under Section 256(1) of the Income Tax Act, 1961, by the Income Tax Appellate Tribunal at the instance of the assessee, ...

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High Court of Karnataka Allows Appeal in Land Revenue Case — Tahsildar's Order Under Section 140(2) of Karnataka Land Revenue Act, 1964 Restored. Single Judge Erred in Quashing Mutation Entry Without Considering Appellant's Right to Be Heard and Limitation for Challenge.

The appellant, Sunil Chajed, claimed to be the owner of land measuring 1 acre and 4.08 guntas bearing Sy.No.91/1A. The Tahsildar, Bengaluru East Taluk...

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Gujarat High Court Dismisses State's Appeal for Condonation of 837-Day Delay Due to Lack of Plausible Explanation — Administrative Apathy Not Sufficient Ground for Condonation Under Section 5 of Limitation Act, 1963.

The State of Gujarat and another (the applicants) filed a Civil Application under Section 5 of the Limitation Act, 1963, seeking condonation of 837 da...