Search Results for "Profit and Loss Account"

Trending :

Bombay High Court Allows Appeals by Acquiring Body in Land Acquisition Compensat...
Bombay High Court Dismisses NHAI Appeals in Land Acquisition Compensation Disput...
Bombay High Court Dismisses Writ Petition Challenging Concurrent Findings in Sui...
Supreme Court Acquits Accused in Murder Case Due to Incredible Dying Declaration...
Supreme Court Quashes Criminal Proceedings Under Section 182 IPC for Lack of Val...

Search Results for "Profit and Loss Account"

1185 result(s) found

Home Search Results

Scroll Down To Discover

Found 1185 result(s)

High Court

Bombay High Court Decides Income Tax Appeal Concerning Addition of Provision for Doubtful Debts to Book Profit Under Section 115JA of Income Tax Act. Appeal involved whether a provision for doubtful debts/advances was a reserve under clause (b) of Explanation to Section 115JA and thus required to be added to book profit.

9 Jul 2025

The matter arose from an income tax appeal filed by an assessee company, an export house recognized by the Ministry of Commerce, engaged in export of ...

High Court

Madras High Court Allows Assessee's Appeal in MAT Computation Case — Capital Gain on Sale of Fixed Assets Cannot Be Added to Book Profit Under Section 115JB When Not Credited to Profit and Loss Account. The Court held that the Assessing Officer cannot rework book profit under Section 115JB by including capital gains directly absorbed in the balance sheet, as the computation under Section 115JB must be based on the profit as shown in the profit and loss account prepared in accordance with the Companies Act.

20 Mar 2026

The appellant, M/s PVP Corporate Parks Pvt. Ltd., a private limited company engaged in leasing and renting of amenities and buildings, filed its incom...

High Court

Bombay High Court Allows Revenue Appeal in Income Tax Case on Computation of Deduction Under Section 80HHC for Book Profits Under Section 115JB. The court held that the deduction under Section 80HHC for computing book profits under Section 115JB must be quantified with reference to the profits as per accounts adjusted under Section 115JB, not the normal computation under Chapter IV-D.

9 Jul 2010

The case involves an appeal by the Revenue under Section 260A of the Income Tax Act, 1961 against an order of the Income Tax Appellate Tribunal for As...

High Court

High Court of Bombay Examines Income Tax Appeal on Section 32AB Deduction for Additional Sugarcane Price Paid After Account Finalization. Assessee Contends That Profits Under Section 32AB Must Follow Audited Profit and Loss Account Under Parts II and III of Schedule VI of Companies Act, 1956, While Revenue Deducts Post-Year Additional Cane Price in Computing Deduction.

5 Aug 2025

The High Court of Bombay heard an income tax appeal filed by a manufacturing company engaged in producing toffees, confectionery and sugar candy again...

High Court

High Court of Karnataka Allows Appeal in Income Tax Case — Capital Gain Not Included in Book Profit Under Section 115JB. Income from capital gain on sale of land held as investment cannot be included in book profit for MAT purposes under Section 115JB of the Income Tax Act, 1961.

16 Dec 2015

The appeal was filed by Sri Hariram Hotels (P) Ltd. against the order of the Income Tax Appellate Tribunal (ITAT), Bangalore Bench, relating to the as...

Supreme Court

Supreme Court Dismisses Revenue Appeal on Interpretation of Section 80J of Income Tax Act; Holds That Profits of New Industrial Undertaking Must Be Computed as Per Total Income Without Re-Deducting Past Losses Already Set Off.

6 Oct 1968

The case involved a dispute under Section 80J of the Income Tax Act, 1961, concerning the deduction available to a new industrial undertaking. The res...

High Court

High Court of Bombay Considers Revenue's Appeal Against ITAT's Classification of Flat Sale Proceeds as Capital Gains. The core issue is whether sale of flats by a real estate developer constitutes business income or capital gains under the Income Tax Act, 1961, after the Assessing Officer had treated it as business income.

4 Aug 2026

The appeal before the High Court of Bombay arose from an order of the Income Tax Appellate Tribunal (ITAT) which had held that the proceeds from the s...

Supreme Court

Supreme Court Adjudicates Tax Treatment of Compensation for Partial Termination of Selling Agency under Income Tax Act, 1922. The Court considered whether the sum received by the assessee for termination of agency rights outside Hyderabad State constituted a capital receipt or revenue receipt.

20 Mar 1959

Background: The case involved the income tax assessment of the respondent, a registered firm carrying on business as selling agents and distributors o...

High Court

Bombay High Court Allows Revenue's Appeal in Transfer Pricing Case Due to Non-Application of Mind by ITAT. Tribunal's order set aside for failing to consider the TPO's detailed analysis and rejecting comparables without proper reasoning under Section 92C of the Income Tax Act, 1961.

27 Feb 2020

The appeal was filed by the Pr. Commissioner of Income Tax - 6 under Section 260A of the Income Tax Act, 1961 against the order of the Income Tax Appe...

Supreme Court

Supreme Court Allows Appeals of Educational Societies in Income Tax Exemption Case Under Section 10(23C)(iiiad) of Income Tax Act, 1961 — Surplus from Educational Activities Held Not to Be Income for Profit. The court held that the generation of surplus by an educational institution does not automatically indicate a profit motive, and the exemption under Section 10(23C)(iiiad) is available if the surplus is applied for educational purposes.

27 Mar 2015

The case involves appeals by educational societies and the revenue against judgments of the Uttarakhand High Court and Punjab and Haryana High Court c...

1 2 3

Full Name * Username * Mobile Number * Email Address * State/UT * City * Password * Confirm Password * Referral Code (Optional)