Judgements and Orders, Supreme Court and High courts of India

No divorce if spouse is compelled to live separately: SC

shiv Shankar 13 February 2010 at 12:37

The Supreme Court has ruled that a husband or wife is not entitled to divorce if it is proved that one deserted the other due to constant torture or harassment.

Posted in Others | 3368 Views

Modi Fibres Ltd V. Modi Rubber Ltd (2009)

^^^ AJIT ^^^ 29 December 2009 at 20:35

The Company Law Board, by its order dated April 16,2009, inter alia, admitted a composite petition filed by the respondents under sections 111A, 235(2), 250(3), 397 and 398 read with sections 402, 403 and 408 of the Companies

Posted in Corporate Law | 4448 Views

Amalgamation of subsidiary company with holding company

^^^ AJIT ^^^ 29 December 2009 at 20:34

Brief Facts: The petitioner company sought the sanction of the court to a scheme of amalgamation by which a 75% subsidiary was to be merged with it. The scheme was approved by the majority of the equity share holders, all of the secured creditors and

Posted in Corporate Law | 8550 Views

Limitation period u/s 154 (7) for rectification begins from

Rajnish 29 December 2009 at 20:33

Period of limitation should be seen from the date revised order which also should be reised

Posted in Income Tax | 2943 Views

Exemption u.s 54

chetan soni 29 December 2009 at 20:33

That the capital gains arise from the sale of house property can be invested in two flats & can claim the exemption u/s 54.

Posted in Income Tax | 4918 Views

Central excise refund taxable: ITAT

CA. Dhiraj Birla 29 December 2009 at 20:33

Tax dept says Central excise refund should be taxed because it is a benefit derived from a government scheme and is distinct from profit derived from industrial activity

Posted in Income Tax | 2196 Views

Charitable Trust Exemption Repayment of loan

CA. Dhiraj Birla 29 December 2009 at 20:33

It is an admitted fact that the property of the assessee-trust was in a dilapidated condition and would not earn income to carry out the objects of the trust. For the purpose of carrying out the objects of the trust, it has become necessary to demoli

Posted in Income Tax | 5609 Views

Sec 195 Issue

CA Anand Sarda 29 December 2009 at 20:33

Assessee is liable for TDS qua payment made for purchase of software from non-residents.

Posted in Income Tax | 2460 Views

Bombay High court Judgement on Depreciation

CMA Ramesh Krishnan 29 December 2009 at 20:33

Depreciation allowable even if asset not used at all for entire year

Posted in Income Tax | 3382 Views

COMPANIES ACT, 1956:Secs.397 and 398

lakshmi 29 December 2009 at 20:33

COMPANIES ACT, 1956: ss. 397 and 398 - Allegations of oppression and mismanagement, illegal allotment of equity shares resulting in conversion of majority shareholding into minority shareholding, appointment of Additional Director and removal o

Posted in Corporate Law | 5653 Views