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KAHC010408942020_1

The writ petition was filed by the management of a company engaged in the manufacture of industrial carbon and carbon brushes, classified as a hazardo...

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High Court of Karnataka Reserves Judgment on Challenge to Fringe Benefit Tax Provisions. Petitions question constitutional validity of Chapter XII-H of Income Tax Act, 1961 as violative of Article 14 and beyond legislative competence.

The High Court of Karnataka at Bengaluru heard three writ petitions filed by M/s T.T.K. Prestige Ltd. and another, M/s N. Rangarao & Sons, and Karnata...

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Bombay High Court Dismisses Petition Challenging Arbitral Award in Stock Broker Dispute Over Unreturned Shares. Concurrent findings of arbitral tribunals that stock broker failed to return client's shares and dividends upheld under Section 34 of Arbitration and Conciliation Act, 1996.

The petitioner, Manoj Javeri Stock Broking Pvt. Ltd., a member of the Bombay Stock Exchange, challenged an arbitral award and appellate award dated 17...

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Supreme Court Allows Appeal in Income Tax Case: Subscriptions Received Under Collective Investment Schemes Held to be Capital Receipts Not Income. Peerless General Finance's Subscriptions Not Forfeited During Assessment Years, Hence Not Taxable as Income.

The appeal arose from a dispute between The Peerless General Finance and Investment Company Ltd. (appellant) and the Commissioner of Income Tax (respo...

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Supreme Court Upholds Workmen in Retrenchment Compensation Claim Against Electricity Company Under Industrial Disputes Act. Transfer of Undertaking to State Government Did Not Satisfy Section 25FF Proviso Conditions; Workmen Deemed Retrenched and Entitled to Compensation from Previous Employer.

The dispute arose out of the transfer of an electricity distribution undertaking owned by the South Arcot Electricity Distribution Company Limited to ...