high court judgments notification

Commercial rights in the nature of intangible assets eligible for depreciation

I.T.A. No. 496/Delhi/2014 (15/04/2015)

A reading of the agreement between STL and the assessee clarifies that a specific amount, i.e., Rs.9 Crores was paid by the assessee to the transferor who owned commercial rights towards the network and the facilities. The consideration was a specific value but for which the network would not have been otherwise transferred. In that sense...

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EPF & MP Act, 1952 applicable to 'rusk' manufacturing industries

LC-4/5/13/judgement/pt.11227 (07/08/2014)

The petitioner establishment contended that since manufacturing of 'rusk' is not mentioned in Schedule 1 to the Act, therefore the EPF & MP Act, 1952 is not applicable to them....

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Norms & Procedure For Designation Of Advocates As Senior Advocates

Notification No. 298/2013 - Income Tax (24/10/2013)

Notification No. 298/2013 - Income Tax (1) Fifteen years standing at the Bar. In calculating the 15 years standing at the Bar, services rendered as Judicial Officer shall be taken into consideration; (2) Annual declared gross income from profession should not be less than Rs.7,00,000/- for the past three years and should be an income tax...

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EPF – Mere filing of appeal without obtaining any relief from the Appellate authority shall not preclude or prohibit the authorities to proceed further in the matter for recovery of the amount

NA (01/08/2011)

EPFO Vs. Rollwell In the absence of any specific provision in the Act prohibiting or restraining the authorities from taking any further action of recovery of the amount due and payable by the employer, it is always permissible for the authorities to proceed ahead without waiting for the expiry of the statutory time period of appeal as p...

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Conveyance & Special allowance to be included in definition of basic wages for PF Calculation

NA (28/06/2011)

Montage Enterprises Pvt. Ltd versus Employees Provident Fund - 1. Conveyance allowance is included in the definition of basic wages because it is universally, necessarily and ordinarily paid to all across the board. 2. Special allowance is included in the basic wages since it is paid to all the workers and there are no specific criteria t...

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