Search Results for "Section 40(c)"

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Supreme Court Allows Appeal of Claimant in Motor Accident Case — Functional Di...
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Search Results for "Section 40(c)"

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Supreme Court

Supreme Court Allows Compounding of Offences in Cheating and Forgery Case, Quashes Criminal Proceedings on Settlement Between Parties. The Court held that where the dispute is predominantly civil in nature and parties have settled amicably, criminal proceedings can be quashed under Article 142 of the Constitution.

1 Feb 2019

The case arose from a private complaint filed by Bimla Devi Agarwal (original complainant) against 12 persons, including the appellants Srinivasan Iye...

High Court

Bombay High Court Upholds Tribunal's Decision in Favor of Film Production Company on Directors' Remuneration and Industrial Undertaking Status. The Court held that the disallowance under Section 40(c) was rightly deleted and that film production qualifies as an industrial undertaking under Section 80J of the Income Tax Act, 1961.

5 May 2015

The case pertains to the assessment year 1981-82. The assessee, M/s. Rupam Pictures Pvt. Ltd., was engaged in the business of film production. During ...

High Court

Bombay High Court Allows Assessee's Reference on Depreciation Rates but Upholds Revenue's Disallowances on Travel Expenses, Medical Reimbursement, Motor Car Perquisite, and Rent as Capital Expenditure. The Court held that depreciation under Section 32 must be allowed at rates as amended from 2.4.1983, while affirming that employee travel expenses after destination are disallowable under Section 39 read with Rule 60, medical reimbursement is part of salary under Section 40(c), actual expenditure on motor cars for directors is to be considered, and rent of Rs.16,91,250/- is capital expenditure.

18 Sep 2012

This is a reference under Section 256(1) of the Income Tax Act, 1961, arising from the order of the Income Tax Appellate Tribunal in ITA No.5873/Bom/8...

High Court

Bombay High Court Allows Appeal by Housing Society in Property Dispute Over Water Connection and Construction. Developer's Agreement to Provide Water Connection and Restrict Construction Held Binding.

16 Mar 2006

The case involves two cross-appeals arising from a judgment and decree dated 31st March 2004 in L.C. Suit No. 786 of 2004. The appellants in First App...

High Court

Bombay High Court Dismisses Appeal in Specific Performance Suit — Agreement to Sell Not Proved as Genuine and Enforceable. Court upholds trial court's finding that the plaintiff failed to discharge burden of proving the agreement and readiness and willingness to perform.

30 Nov -0001

The appellant, Merit Magnum Constructions (formerly Vimal Buildings), a partnership firm, filed a suit for specific performance of an agreement to sel...

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