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Bombay High Court Dismisses Petitions Challenging Property Tax Reassessment Under Maharashtra Municipal Corporation Act, 1949 — Reassessment Based on Capital Value Method Upheld as Valid Exercise of Statutory Power.

The petitioner, Satguru Corporate Services Pvt. Ltd., filed two writ petitions challenging the reassessment of property tax by the Additional Collecto...

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Bombay High Court Dismisses Revenue's Appeal in Income Tax Case Regarding Deductions Under Sections 36(1)(vii) and 36(1)(iii) of the Income Tax Act, 1961. Tribunal's order setting aside Commissioner's revision under Section 263 upheld as Assessing Officer had made proper inquiries and formed an opinion.

The appeal was filed by the Pr. Commissioner of Income Tax-14, Mumbai (appellant-revenue) under Section 260-A of the Income Tax Act, 1961, against the...

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Bombay High Court Upholds Interim Injunction in Shareholder Dispute Over Share Transfer Agreement — Agreement dated 14th June 2019 Held Valid and Enforceable.

The dispute arises out of a Share Purchase Agreement dated 14th June 2019 between the Kamdar Group (appellants) and the Sanghvi Group (respondents) fo...

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Bombay High Court Allows Insurance Company's Appeal in Marine Insurance Claim Dispute, Reduces Compensation. Court holds that the trial court had territorial jurisdiction but reduces the awarded amount due to errors in calculation of damages and interest.

The New India Assurance Co. Ltd. appealed against the judgment and decree dated 30th April 2013 passed by the Civil Judge, Senior Division, Panaji in ...

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Bombay High Court Sanctions Scheme of Arrangement for Cairn India Limited with Foreign Subsidiaries Under Sections 391 and 394 of the Companies Act, 1956. The court approved the transfer of Indian undertakings from four foreign subsidiaries to the Indian listed company to simplify corporate structure.

The petitioner, Cairn India Limited, a company incorporated under the Companies Act, 1956 and listed on Indian stock exchanges, filed a petition under...

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Bombay High Court Allows Writ Petition Challenging Disqualification of Teacher-Councilor in Municipal Election. Teacher in Government Aided School Does Not Hold Office of Profit Under Government for Disqualification Under Section 16 of Goa Municipalities Act, 1969.

The petitioner, Tukaram Kshemchandra Redkar, has been working as a primary teacher in a Government Aided School managed by Shree Susenashram Education...