Management Sciences - Indian Laws - General

Management Sciences As per Encyclopaedia Britannica 747, the management in organisations include at least the following: (a) discovering, developing, defining and evaluating the goals of the organization and the alternative policies that will lead toward the goals, (b) getting the organization to adopt the policies, (c) scrutinizing the effectiveness of the policies that are adopted, (d) initiating steps to change policies when they are judged to be less effective than they ought to be. In Re: Intertek Testing Services India Private Limited - [ 2008 (11) TMI 9 - AUTHORITY FOR ADVANCE RULINGS ], wherein it was elucidated:- First, about the connotation of the term managerial . The adjective managerial relates to manager or management. Manage r is a person who manages an industry or business or who deals with administration or a person who organizes other people s activity [New Shorter Oxford Dictionary] . As pointed out by the Supreme Court in R. Dalmia- [ 1977 (1) TMI 1 - SUPREME COURT ], Management includes the act of managing by direction, or regulation or superintendence. Thus, managerial service essentially involves controlling, directing or administering the business. DIRECTOR OF INCOME TAX (INTL. TAX.) -II VERSUS PANALFA AUTOELEKTRIK LTD. - [ 2014 (9) TMI 706 - DELHI HIGH COURT ]