Search Results for "Deduction"

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"CENVAT Credit Controversy: Bombay HC Upholds Order Under SVLDRS" Transparency and adherence to statutory timelines crucial for relief under legacy tax dispute schemes.

This case involves the petitioner, challenging an order under the Sabka Vishwas (Legacy Dispute Resolution) Scheme, 2019 (SVLDRS). The dispute primari...

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Enforcement of a Decree and Interpretation of Reciprocal Adjustments. Balancing Liabilities in Execution: A Case on Interest Calculation and Set-Off

The Bombay High Court (Coram: Amit Borkar, J.) addressed whether an executing court can interpret a decree to restrict interest on the decretal amount...

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Supreme Court upholds enhanced compensation for 100% functional disability with focus on 'pain and suffering.'

This case centers on the quantum of compensation for an accident victim, K.S. Muralidhar, who sustained life-altering injuries resulting in 100% funct...

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High Court Clarifies 'Calendar Year' for Prisoners’ Furlough Entitlement. A landmark judgment by the Bombay High Court emphasizes timely decision-making by prison authorities and fair computation of prisoners’ furlough leave.

The Bombay High Court addressed the issue of furlough leave entitlement. The petitioner, serving a life sentence, challenged the computation of furlou...

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Supreme Court Denies Kirloskar’s Challenge to Royalty Compounding Rules. Petition to exclude prior royalty, DMF, and NMET contributions from sales value calculation rejected, awaiting policy review.

  Parties Involved Petitioner No. 1: Kirloskar Ferrous Industries, a mining leaseholder engaged in pig iron extraction. Respondent No. 1: Un...

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"Supreme Court Upholds Landowners' Right to Fair Compensation in Tauru Land Acquisition Case" "Restoration of compensation granted by Reference Court; Supreme Court reaffirms equitable evaluation for land acquisition."

The Supreme Court of India, allowed appeals filed by expropriated landowners. The landowners challenged the Punjab and Haryana High Court's reduction...

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Labour Court's Decision on Employment Relationship Quashed; Case Remanded for Fresh Consideration. High Court quashes Labour Court's order due to misinterpretation of the Industrial Disputes Act, 1947, and the Contract Labour Act, 1970.

The writ petition challenges the Labour Court’s decision denying the petitioners' claim for reinstatement as security guards. The Labour Court's fin...

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Supreme Court Clarifies Deduction of Broken Period Interest for Banks Treating Securities as Stock-in-TradeDeduction Allowed as Revenue Expenditure for Banks Holding Securities as Stock-in-Trade

The Supreme Court addressed the treatment of broken period interest for tax purposes. The issue centered on whether broken period interest could be de...

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High Court Upholds Exemption for Shirdi Sai Baba Trust's Anonymous Donations Religious and Charitable Trust Entitled to Tax Exemption Under Section 115BBC(2)(b)

The Bombay High Court, involves the appeals by the Commissioner of Income Tax (CIT) challenging the Income Tax Appellate Tribunal's (ITAT) decision in...

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High Court Upholds Tribunal's Award: Enhanced Compensation for Auto-Rickshaw Accident Victims. Aurangabad Bench holds insurance company liable, rejects appeal seeking reduction in compensation.

The Bombay High Court, Aurangabad Bench, dismissed the appeal of the insurance company challenging the Motor Accident Claims Tribunal's (MACT) award. ...