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Supreme Court Dismisses Assessee's Appeal in Income Tax Deduction Case Under Section 43B Explanation 3C. Interest Converted into Debentures Not Deemed Actually Paid as Per Retrospective Amendment, Disallowing Deduction Under Income Tax Act, 1961.

The dispute arose from an appeal by M.M. Aqua Technologies Ltd. against the Commissioner of Income Tax, Delhi-III, concerning the interpretation of Se...

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Supreme Court Dismisses Appeal in Petrol Pump Dealership Case Over Invalid Lease as of Application Date. Lease Deed with Future Commencement Clause Did Not Satisfy Evaluation Criteria Under Advertisement Requiring Registered Long Lease as on Date of Application, Leading to Loss of Marks and Position.

The dispute arose from an advertisement published by Indian Oil Corporation Ltd. on 12.10.2011 inviting applications for petrol pump dealerships. The ...

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Supreme Court Allows Appeal and Restores Decree for Specific Performance in Property Sale Dispute — Time Not of Essence Due to Reciprocal Promises. Seller's Obligation to Clear Mortgage First Made Time Flexible; Plaintiff's Readiness and Willingness Established by Deposits and Notices.

The appeal arose from a suit for specific performance of an agreement to sell dated 22.09.2002, whereby the defendant agreed to sell suit property to ...

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Supreme Court Holds Contemnors Guilty for Breach of Undertakings in Enforcement of Foreign Arbitral Award. Repeated assurances to court regarding protection of assets were violated by transferring shares, constituting civil contempt under Article 129 of the Constitution.

The case arises from a dispute between Daiichi Sankyo Company Limited (the petitioner) and the respondents in Special Leave Petition (Civil) No.20417 ...

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Bombay High Court Allows Teachers' Petitions Challenging Refusal of Approval and Salary — Education Officer Cannot Refuse Approval on Ground That Vacancy Arose Prior to Government Resolution Dated 29-10-2005. Teachers Entitled to Salary from Date of Initial Appointment.

The judgment concerns a batch of writ petitions filed by teachers who were appointed by various educational institutions in Maharashtra. The Education...