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Madras High Court Allows Appeal in Recovery Suit Filed by Newspaper Publisher Against Advertising Agency for Unpaid Bills. Court Decrees Suit for Principal Amount with Interest at 6% Per Annum.

The appellant, Kasturi and Sons Ltd., publisher of 'The Hindu' and other publications, filed a suit for recovery of Rs.10,03,322.50/- against the resp...

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Bombay High Court Hears Appeal Against ITAT's Interpretation of Infrastructure Fee Entitlement; Assessee Contends for Allowance of 5% of Gross Advertising Bills Under Agreement. Interpretation of Clause-3 of Agreement Raises Substantial Question of Law Under Section 260A of Income Tax Act, 1961.

The appeal arose from an assessment order for Assessment Year 1993-94 concerning the deduction claimed by the assessee, M/s. Star Time Communication (...

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Supreme Court Allows Revenue's Appeal in Income Tax Case — Amalgamated Company Must File Return for Pre-Amalgamation Period. Section 153A Notice Validly Issued to Transferor Company Despite Amalgamation, and Failure to File Return Attracts Penalty Under Section 276CC.

The Supreme Court allowed the appeal filed by the Principal Commissioner of Income Tax (Central) against the order of the Delhi High Court, which had ...

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Supreme Court Dismisses Assessee in Income Tax Appeal Over TDS Disallowance. Disallowance of Rs. 57,11,625 upheld under Section 40(a)(ia) of Income Tax Act, 1961 as assessee failed to deduct tax at source on payments exceeding Rs. 20,000 per goods receipt to truck operators under Section 194C.

The dispute arose from an income tax assessment for the year 2005-2006 involving Shree Choudhary Transport Company, a partnership firm engaged in tran...

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Bombay High Court Allows Recovery of Licence Fees and Mesne Profits in Hoarding Advertisement Dispute. Plaintiff partnership firm entitled to arrears and future compensation for defendant's continued use of hoarding sites after termination of licence.

The plaintiff, a partnership firm registered under the Indian Partnership Act, carried on business of acquiring sites, erecting hoardings, and permitt...