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Supreme Court Upholds Revenue in Income Tax Reassessment Case on Limitation and Computation Grounds. Reassessment under Sections 147 and 148 of Income Tax Act, 1961 Held Valid as Assessee Failed to Disclose Material Facts, and Notice Served on Partnership Firm Was Proper Despite Section 282(2) Argument.

The dispute arose from reassessment proceedings under the Income Tax Act, 1961, involving a partnership firm engaged in publishing newspapers and peri...

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Supreme Court Dismisses Municipal Corporation's Appeal Against Resolution Plan Approval in Insolvency Case. Municipal Corporation's Prior Consent to Resolution Plan Precludes Later Objections Under IBC.

The Municipal Corporation of Greater Mumbai (MCGM) appealed against the order of the National Company Law Appellate Tribunal (NCLAT) which had upheld ...

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Bombay High Court Dismisses Application to Vacate Interim Injunction in Development Agreement Dispute. Plaintiff's Readiness and Willingness Not Shown to Be Lacking Due to Defendant's Own Conduct Under Order XXXIX Rule 4 CPC.

The Bombay High Court dismissed an application filed by defendant No.1A (Vivek Madhavlal Pittie) seeking vacation of an interim injunction granted on ...

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Bombay High Court Quashes Tender Award Due to Arbitrariness in Technical Evaluation. Petitioner's Bid Rejected Without Proper Consideration of Clarifications, Court Directs Reconsideration.

The petitioner, Kartikay Exploration and Mining Services Pvt. Ltd., challenged the award of a tender by the National Centre for Antarctic and Ocean Re...

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Bombay High Court Allows Hindustan Petroleum Corporation Ltd.'s Writ Petitions Against Property Tax Demands by NMMC. Court holds that property tax demands for petroleum storage tanks and pipelines are illegal and without authority of law under the Maharashtra Municipal Corporation Act, 1949.

The petitioner, Hindustan Petroleum Corporation Ltd., filed three writ petitions challenging property tax demands raised by the Navi Mumbai Municipal ...

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Bombay High Court Considers Legality of Customs Broker Licence Suspension Due to Delay in Submitting Inquiry Report. Interpretation of Regulation 20(5) of Customs Brokers Licensing Regulations, 2013 — Whether Time Limit of 90 Days for Inquiry Report is Mandatory or Directory.

A group of customs appeals was filed by the Principal Commissioner of Customs (General), Mumbai, against various customs broker licence holders before...