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Supreme Court Allows Assessee in Income Tax Case — Receipt for Construction of Cinema House Not Advance Rent. Lease Lacked Stipulation for Adjustment of Payment Toward Rent; Premium Prima Facie Capital Not Taxable Under Income Tax Act.

The case involves an assessee who, on July 19, 1945, took a lease of certain premises in Calcutta on monthly rent. He made alterations to convert the ...

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Supreme Court Dismisses Employer's Appeal Against Industrial Tribunal Award Linking Wages to Cost of Living Index. Award Linking Wage Scales to Cost of Living and Reducing Gratuity Qualifying Period Upheld as Consistent with Minimum Wage Principles.

The case concerned an industrial dispute between Hydro (Engineers) Pvt. Ltd. and its workmen over revision of wage scales and gratuity schemes. Previo...

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Supreme Court Upholds Revenue’s Assessment — Income from Sale of Naturally Grown Trees Not Agricultural Income. Assessee Must Prove Entitlement to Exemption Under Section 4(3)(viii) of Income-tax Act, 1922; Tribunal’s Finding of Fact Binding.

The dispute concerned the taxability of income derived by the respondent, a proprietor of an estate, from the sale of trees in his forests. The respon...

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Dispute on Compensation for Land and Improvements Settled by the Supreme Court. The Supreme Court upholds the High Court’s ruling, denying additional compensation for awala trees and borewell, citing inadmissible evidence and improper use of review jurisdiction.

Acts and Sections Discussed: Land Acquisition Act, 1894: Section 4: Initiation of land acquisition. Section 18: Reference for enhanced compensa...

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Supreme Court Upholds Revenue's Treatment of Profit-Sharing Payment as Capital Expenditure under Income-tax Act, 1922. Payment of Annual Percentage of Net Profits to Seller Government for Acquisition of Industrial Undertakings Held Capital in Nature, Not Revenue Deduction Under Section 10(2)(xv).

The appellant company, Travancore Sugars and Chemicals Ltd., was formed to take over certain industrial undertakings from the Government of the erstwh...

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Supreme Court Dismisses Appeal Against Land Acquisition for Limestone Quarrying; Declaration Under Section 6(1) of Land Acquisition Act 1894 Held Conclusive Without Proof of Colorable Exercise

The dispute arose from land acquisition proceedings initiated by the State of Uttar Pradesh in 1950 for limestone quarrying. The appellant, Raja Anand...

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Supreme Court Hears Constitutional Challenge to COFEPOSA Preventive Detention Powers for Foreign Exchange Violations. Petitioners Contend Absence of Penal Provisions Under FEMA Renders Section 3(1) Unconstitutional.

The writ petition under Article 32 of the Constitution was filed directly in the Supreme Court challenging the constitutional validity of Section 3(1)...

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Supreme Court Hears Appeals Against Conviction Under Arms Act and IPC in 1993 Bombay Serial Blasts Case. Appellants Challenged Conviction for Possession of Prohibited Arms Without License and Destruction of Evidence.

The Supreme Court heard appeals against the conviction and sentence of Sanjay Dutt (A-117), Yusuf Mohsin Nulwalla (A-118), and Kersi Bapuji Adajania (...

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Supreme Court Examines Validity of Notification Withdrawing Land from Acquisition Under Section 48 of Land Acquisition Act, 1894 After Possession Taken. Issue Concerns Whether Withdrawal Is Permissible When Acquisition Proceedings Had Attained Finality and Possession Was Taken Years Earlier.

The dispute concerned the validity of a notification under Section 48 of the Land Acquisition Act, 1894 withdrawing Survey No. 50 (6 acres 20 guntas) ...