Motor Vehicles Act, 1988, Section 166 -- Accident - Compensation - Deceased aged about 29 years was in real estate business and based on his income tax return of preceding assessment year Tribunal assessed his income at Rs.4,58,430, thereafter applying a multiplier of 17 and deducting 1/4th towards his personal expenses and awarding compensation on loss of consortium and..........
Agreement to sell -- Specific performance - Ready and willing - There is no law which mandates production of audited books of accounts or Income Tax returns to show that plaintiff is using properly accounted money and not black money for purpose of payment of sale consideration...........
Motor Vehicles Act, 1988, Section 166 -- Accident - Compensation - Monthly income of deceased - Monthly income could be fixed taking into account the tax returns only if the details of payment of tax are appropriately brought into evidence so as to enable the Tribunal/Court to calculate the income in accordance with law...........
Indian Penal Code, 1860, Section 420 -- Cheating - Quashing of FIR - FIR in question lodged by complainant subsequent to complaint u/s 138 of N.I Act filed against him - Complainant admitted that he issued cheque which is subject matter of complaint case filed by petitioner - Petitioner cannot be allowed to be prosecuted for bald allegations, burden to prove whereof is on..........
Protection to life and liberty -- Petitioners are major and got married with each other - Marriage of petitioners was not approved by their relatives - Life and personal liberty of individuals has to be protected except according to procedure established by law, as mandated by Art.21 of Constitution - Protection granted to petitioners - However, if petitioner's income is..........
Hindu Law -- Joint family - Filing of Returns under Income Tax Act or Wealth Tax Act is not conclusive of status of family, as an individual member of joint Hindu Family can very well file his separate Return both under Income Tax Act as well as Wealth Tax Act...........
Income Tax Act, 1961, Section 260A(4) -- Appeal to High Court - Hearing of appeal on substantial question of law not formulated by High Court - If High Court wishes to hear appeal on any other substantial question of law not formulated by it, it may for reasons to be recorded formulate and hear such questions if it is satisfied that case involves such question - In the..........
Income Tax Act, 1961, Section 143(2) -- Notice u/s 143(2) of the Act - Non-service of notice - Notice was sent by Assessing Officer to the assessee's address as mentioned in PAN database - However, case of assessee is that notice not served, as assessee changed its name and address and intimation of the same given to Assessing Officer vide communication - But, alleged..........
Black Money (Undisclosed Foreign Income and Assets) and Imposition of Tax Act, 2015, Section 50, 51, 59 -- Order of imposition of taxes - High restraining action against assesse pursuant to said order on ground of retrospective application of the Act - Penal provisions u/ss.50, 51 of the Act would come into play only when an assessee has failed to take benefit of S.59 of..........
Income Tax Act, 1961, Section 35AC(7) -- Deduction - Amount of donation - S.35-AC(7) of the Act is prospective in its operation which disallow deductions on and after 1-4-2018 - All assesses were rightly allowed to claim deduction of amount paid by them to eligible projects from their total income during two financial years i.e 2015-2016 and 2016-2017 - No deduction could..........
