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High Court of Karnataka Adjudicates Appeal Against Dismissal of Specific Performance Suit Arising from Joint Development MOU; Developer Seeks Amendment to Include Refund Claim After Dismissal of Suit.

The appeal arose from a commercial suit for specific performance of a Memorandum of Understanding (MOU) dated 27.09.2004. The appellant, M/s Whitefiel...

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Supreme Court Upholds State's 2011 Pay Scale Order, Settles Long-Standing Litigation. Court Affirms Doctrine of Merger, Ensures Fair Compensation for Retired Employees, and Provides Finality to Pay Discrepancy Dispute

The Supreme Court of India adjudicated a protracted litigation involving the State of Uttar Pradesh and its employees regarding the implementation of ...

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Supreme Court Upholds Validity of Section 17(2)(viii) of Income Tax Act and Rule 3(7)(i) of Income Tax Rules in Bank Employee Loan Perquisite Case. Delegation of Power to Prescribe Fringe Benefits Held Not Excessive and Use of SBI Prime Lending Rate as Benchmark Upheld as Non-Arbitrary.

The Supreme Court, in a common judgment, dismissed appeals filed by staff unions and officers' associations of various banks challenging the constitut...

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Bombay High Court Allows Writ Petition Challenging Acquisition Order Under Section 269UD(1) of Income Tax Act, 1961 — Petitioner Entitled to Refund of Amount Deposited with Interest as Acquisition Order Set Aside Due to Non-Compliance with Statutory Requirements.

The petitioner, M/s. Zeal Real Estate Limited (formerly Insat Leasing & Holding Limited), a company registered under the Companies Act, 1956, entered ...

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Supreme Court Dismisses Telecom Company's Claim for Refund of Entry Fee After 2G Licences Quashed Due to Illegal Government Policy. Restitution Under Section 65 of Indian Contract Act, 1872 Denied as Quashing Did Not Render Contracts Void, and Set-Off Policy Upheld Under Article 14 of Constitution.

The dispute involved a telecom company seeking a refund of an Entry Fee of Rs 1454.94 crores paid for 2G licences across twenty-one service areas, aft...