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Bombay High Court Allows Raymond Limited's Appeals in Central Excise Cenvat Credit Dispute. Cenvat Credit of AED (T&TA) on Inputs Can Be Utilized for Payment of BED on Final Products.

The appellant, Raymond Limited, is a company manufacturing blankets from woollen fibres. The blankets attract only Basic Excise Duty (BED) and not Add...

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CUSTOMS APPEAL NO. 100 OF 2012

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High Court of Karnataka Enhances Compensation for Death of Babulal Jainapur in Road Traffic Accident — Multiplier Corrected from 13 to 14 and Future Prospects Added. Claimants awarded Rs.24,52,500/- with interest at 6% per annum under Motor Vehicles Act, 1988.

The appeal was filed by the claimants, who are the mother, wife, and two children of the deceased Babulal Jainapur, seeking enhancement of compensatio...

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Bombay High Court Allows Land Acquisition Reference, Enhances Compensation for Acquired Land Under Land Acquisition Act, 1894. Court Determined Market Value Based on Comparable Sale Instances and Potential for Development, Rejecting Government's Valuation Method.

The case is a land acquisition reference under Section 18 of the Land Acquisition Act, 1894, arising from the acquisition of land belonging to Godrej ...

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Bombay High Court Allows Insurance Company's Appeal in Motor Accident Claim — Reduces Compensation Due to Contributory Negligence of Deceased. The Court apportioned liability 50:50 between the car driver and the truck driver, reducing the insurer's liability from full award to 50%.

The case arises from a motor accident claim filed by the legal representatives of a deceased pillion rider. The deceased was riding pillion on a motor...

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High Court of Karnataka Reduces Compensation in Motor Accident Claim Due to Contributory Negligence of Deceased. Claimants awarded Rs. 9,22,400/- instead of Rs. 13,27,400/- after finding 25% contributory negligence on part of deceased Gururaj.

The appeal arises from a judgment and award dated 20.08.2015 passed by the Additional Court of Small Causes, Senior Civil Judge and MACT, Mysuru in MV...

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High Court of Karnataka Upholds Exemption for Educational Society under Section 10(23C)(iiiad) of Income Tax Act, 1961 — Society Not Required to Be Solely an Educational Institution. Income from letting out auditorium and other properties used for educational purposes qualifies for exemption.

The case involves appeals by the Revenue against the order of the Income Tax Appellate Tribunal (ITAT) granting exemption under Section 10(23C)(iiiad)...