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Bombay High Court Dismisses Petition Challenging LPG Distributorship Selection by Draw of Lots. Court holds that mere eligibility does not confer right to distributorship and draw of lots is a valid selection method.

The petitioner, Pushpa Vishal Ghuge, filed a writ petition before the Bombay High Court at Aurangabad challenging the selection of respondent No.2, Ja...

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Supreme Court Upholds NCLAT Decision on Mandatory 75% Voting Share for Resolution Plan Approval Under I&B Code. Financial Creditors' Rejection of Resolution Plan for Kamineni Steel & Power India Pvt. Ltd. and Innoventive Industries Ltd. Leads to Liquidation as Plan Did Not Garner Required Majority.

The Supreme Court of India heard appeals arising from a common judgment of the National Company Law Appellate Tribunal (NCLAT) dated 6 September 2018,...

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Supreme Court Allows Deduction Under Section 80HH on Gross Profits Without Deducting Depreciation and Investment Allowance. The Court Overruled Motilal Pesticides and Held That Section 80HH Deduction Is Computed on 'Profits and Gains' Not 'Income'.

The Supreme Court considered a batch of civil appeals concerning the interpretation of Section 80HH of the Income Tax Act, 1961, for the Assessment Ye...

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Bombay High Court Quashes Criminal Proceedings Against Directors in CBI Case for Lack of Sanction Under Section 197 CrPC. Directors of Companies Cannot Be Prosecuted Without Prior Sanction as They Were Public Servants Under the Prevention of Corruption Act, 1988.

The case involves two criminal revision applications filed by directors of companies against whom the CBI had initiated prosecution. The applicants we...

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Bombay High Court Dismisses Writ Petition Challenging Election of Trustees in Public Trust Case. Election Process Upheld as No Violation of Maharashtra Public Trusts Act, 1950 Found.

The petitioner, Sau. Rekha Pramodrao Deshmukh, filed a writ petition under Article 226 of the Constitution of India challenging the election of truste...

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SUIT (L) NO. 204 OF 2017.

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Bombay High Court Dismisses Revenue's Appeal in Income Tax Exemption Case. Assessee Held Eligible for Exemption Under Section 10(20A) as Development Authority and Business Commenced in Relevant Year.

The appeal was filed by the Revenue under Section 260-A of the Income Tax Act, 1961, challenging the order of the Income Tax Appellate Tribunal dated ...