On reading of the terms of the NIT it is clear that the word ...

Companies Law

June 10, 2016

On reading of the terms of the NIT it is clear that the word “Company” can only mean a company as understood under the Companies Act and cannot be read to include a firm. The word “Company” in the NIT is incapable of any other meaning. - SC

View Source

← Previous Next →

On reading of the terms of the NIT it is clear that the word ...

Companies Law

June 10, 2016

You may also like:

SEZ unit - Refund of unutilized Input Tax Credit - entity to seek a refund - On a combined reading of Section 54 and Rule 89, the restriction which has been read into...

VAT in IT products - DVAT - Bracket preceding words 'other than' in Item 15 of Entry 41 A, closing with bracket after words 'digital still image video cameras' was...

Demand of tax - Sale of prospectus and application forms by the university - prospectus of the University cannot be treated as “book“ or “book meant for reading“ - held...

Clearing and Forwarding Agent - Coverage under definition depends on nature and activity – Word “include” mentioned in definition clause indicating legislative intention...

Sales computation - goods under transit - We agree that the accounting policy, using the word ‘coincide’, is not very appropriately worded, but then the same is not to...

Dishonor of cheque - quantum of deposit of fine - scope of the word ‘may’ - A purposive interpretation of section 148 of the Act is necessary and the same would warrant...

Automatic vacation of a stay as granted on the completion of 365 days - Constitutional validity of the third proviso to Section 254(2A) - It is liable to be struck down...

Penalty u/s 271AAB or 271AAA - non issue of notice u/s 274 read with Section 271AAB - corrigendum issued stating that Section 271AAA should be read as Section 271AAB -...

Addition u/s 14A - one needs to read the words "expenditure incurred" in Section 14A in the context of the scheme of the Act and, if so read, it is clear that it...

Dishonour of Cheque - icarious liability of directors - It is apparent that the words "was in charge of" and "was responsible to the company for the conduct of the...

Quick Updates: