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High Court of Karnataka considers power of Income Tax Appellate Tribunal to direct fresh enquiry under Section 254 of Income Tax Act, 1961 in a buy-back taxation case. The court formulates the substantial question of law regarding suo motu directions leading to potential enhancement of tax liability.

The appeal before the High Court of Karnataka arose from an order of the Income Tax Appellate Tribunal (ITAT) concerning the tax treatment of a buy-ba...

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Supreme Court Allows Government Appeal in Land Acquisition Case, Quashing High Court's Lapse Declaration. Acquisition Did Not Lapse Under Section 24(2) of 2013 Act as Possession Was Taken, Overruling Precedent Based on Non-Payment Alone.

The appeal arose from a judgment and order dated 30.05.2016 by the High Court of Delhi, which allowed a writ petition and declared that land acquisiti...

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Supreme Court Allows Appeal by Development Authority in Land Acquisition Lapse Dispute. Acquisition Does Not Lapse Under Section 24(2) as Possession Was Taken, Despite Non-Payment of Compensation, Following Constitution Bench Ruling in Indore Development Authority.

The dispute arose from a land acquisition matter where the Delhi Development Authority appealed against a High Court judgment that declared the acquis...

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Supreme Court Allows Revenue's Appeal in Income Tax Case on Unexplained Investment in Silver Bullion. Section 69A of Income Tax Act, 1961 Applicable Where Assessee Fails to Explain Source of Acquisition of Silver Found in Possession.

The present appeals were filed by the Revenue against the judgment of the Rajasthan High Court which allowed the appeals of the assessee, Prakash Chan...

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Supreme Court Partially Strikes Down FCRA Amendment Act 2020 — Ban on Transfer of Foreign Funds and Mandatory Aadhaar Held Unconstitutional. The court upheld the requirement of a single FCRA account at SBI New Delhi as a reasonable regulatory measure to prevent misuse of foreign funds.

The judgment deals with a batch of writ petitions challenging the constitutional validity of certain amendments made to the Foreign Contribution (Regu...

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Bombay High Court Allows Writ Petition for Leave Encashment Withheld by Employer After Superannuation. Withholding of leave encashment on ground of pending departmental inquiry is impermissible as leave encashment is a vested right and not a gratuity or pension.

The petitioner, Pradip Kumar Roy, was appointed as a Junior Executive Trainee in CMPDI, Ranchi on 01/07/1981 and later transferred to the respondent-C...