Search Results for "State Advised Price"

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Supreme Court Upholds State's Power to Fix Higher Sugarcane Price in Conflict Resolution Between Constitution Benches. State Advised Price (SAP) is Valid and Not Repugnant to Central Minimum Price Under Essential Commodities Act, 1955 and Sugarcane (Control) Order, 1966.

The Supreme Court considered a reference from a three-judge bench regarding an alleged conflict between two Constitution Bench decisions: Ch. Tika Ram...

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Supreme Court Allows Revenue's Appeals in Income Tax Case on Disallowance of Excess Cane Price Paid by Cooperative Society. Excess Payment Over Statutory Price Under Sugarcane (Control) Order, 1966 Held Not Deductible as Business Expenditure Under Section 37(1) of Income Tax Act, 1961.

The case involves a batch of appeals by the Commissioner of Income Tax, Bombay against the assessee, Tasgaon Taluka Sahakari Sikhar Karkhana Limited, ...

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High Court of Bombay Dismisses Petition Challenging Arbitral Award in Contract Dispute — Price Revision Upheld as Valid Modification. Letter dated 28 June 1999 held to have modified the terms of the Purchase Order, allowing recoveries and adjustments per letter dated 31 October 2000.

The petitioner, M/s. JCL International Ltd., entered into a contract with the respondent, Bharat Petroleum Corporation Ltd., on 1 May 1999 for the sup...

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Bombay High Court Allows Petition in Tender Dispute Over Exchange Rate Date — Interpretation of Clause 20(c) of Tender Documents. Court Holds That Date of Opening of Techno-Commercial Bid Is the Relevant Date for Exchange Rate Determination Under Tender Clause.

The petitioners, Knowledge Infrastructure Systems Pvt. Ltd. and its director, filed a writ petition challenging the decision of Respondent No.1, Mahar...

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High Court of Karnataka Quashes Cancellation of Fair Price Shop License for Violation of Natural Justice — License Cancelled Without Show Cause Notice Under Karnataka Essential Commodities Public Distribution System (Control) Order 2016

The petitioner, Sri Manjunath B., was a licensee running a fair price shop under the Karnataka Essential Commodities Public Distribution System (Contr...

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Supreme Court Allows Bank's Appeal in SARFAESI Auction Dispute — Extension of Time Not Binding Without Confirmation Letter. Forfeiture of Earnest Money Upheld Under Rule 9(5) of Security Interest (Enforcement) Rules, 2002.

The Supreme Court allowed the appeal filed by the State Bank of India (the Bank) against the judgment of the Madras High Court. The dispute arose from...