Search Results for "Tax Effect"

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 "Tax Effect"

4564 result(s) found

Home Search Results

Scroll Down To Discover

Found 4564 result(s)

High Court

High Court of Bombay at Goa Allows Assessee's Appeals and Dismisses Revenue's Appeals in Tax Deduction Case Under Section 80IB(10) of Income Tax Act, 1961. The Court held that prior to 1 April 2010, there was no bar on adjacent units being sold to members of the same family, and the ITAT was justified in allowing deduction.

26 Nov 2020

The case involves cross-appeals by the assessee (Devashri Nirman LLP) and the Revenue (Principal Commissioner of Income Tax) against the order of the ...

High Court

High Court of Bombay at Goa Dismisses Revenue's Appeal in Income Tax Case Due to Low Tax Effect and Lack of Substantial Question of Law. CBDT Circular No.17/2019 bars appeals where tax effect is below prescribed limit, and the court found no perversity in ITAT's order regarding Section 263 revision proceedings.

22 Jan 2021

The case involves an appeal by the Pr. Commissioner of Income Tax against the order of the Income Tax Appellate Tribunal (ITAT) in respect of the asse...

High Court

Bombay High Court Dismisses Revenue's Writ Petitions Against ITAT Orders on Section 234E Fee Due to Low Tax Effect and Availability of Statutory Appeal. The Court Held That Writ Jurisdiction Under Article 226 Cannot Be Invoked to Bypass the Statutory Remedy Under Section 260A of the Income Tax Act, 1961 When the CBDT Monetary Limit Circular Applies and No Enumerated Exception Exists.

13 Oct 2021

The High Court of Judicature at Bombay heard a group of seven writ petitions filed by the Revenue, namely the Commissioner of Income Tax-TDS-1, challe...

Supreme Court

Supreme Court Upholds Tax Authorities in Income Tax Case Regarding Refund of Excess Profits Tax. Repayment of excess profits tax received by a company in England deemed income under Section 11(14) of Indian Finance Act, 1946, irrespective of territorial source.

16 Mar 1959

The appellant, McGregor & Balfour Ltd., a company incorporated in the United Kingdom with its head office there, also carried on business in India. In...

High Court

Bombay High Court Allows Writ Petition Challenging Rejection of Application Under Section 197 of Income Tax Act for Lower Tax Deduction on Dividend Income. The court held that a Tax Residency Certificate (TRC) is sufficient evidence of residence for claiming treaty benefits under the India-Mauritius DTAA, and the Assessing Officer must consider the DTAA provisions.

26 Apr 2019

The petitioner, Indostar Capital, a Mauritius-based company incorporated in October 2010, held a Category 1 Global Business Licence and a Tax Residenc...

Supreme Court

Supreme Court Upholds Additional Tax on Reduction of Loss Under Section 143(1-A) of Income Tax Act, 1961 — Even Where Assessee Remains in Loss After Adjustment, Additional Tax Is Payable on the Amount of Reduction in Loss. The court held that the plain language of Section 143(1-A) applies when loss is reduced, and the additional tax is calculated on the adjustment amount as if it were total income, rejecting the argument that the provision is penal.

19 Mar 2020

The appellant, Rajasthan State Electricity Board, a government company, filed its income tax return for assessment year 1991-92 declaring a loss of Rs...

High Court

Bombay High Court Dismisses Revenue Appeals in Transfer Pricing Adjustment Cases — Holds That Arm's Length Price Determination Must Be Based on Reliable Comparable Data and Functional Analysis. The Tribunal's deletion of adjustments was upheld as it correctly applied functional comparability and permissible adjustments under Section 92C of the Income Tax Act, 1961 and Rule 10B of the Income Tax Rules, 1962.

5 Dec 2014

The judgment involves a batch of appeals filed by the Revenue under Section 260A of the Income Tax Act, 1961, challenging the orders of the Income Tax...

Supreme Court

Supreme Court Considers Challenge to Validity of Central Government Order Prescribing Notional Depreciation for Tax-Exempt Assessees in Merged States. The Order Required Depreciation to be Notionally Computed for Exemption Periods Under Section 6 of the Taxation Laws (Extension to Merged States and Amendment) Act, 1949.

20 Oct 1967

...

High Court

Bombay High Court Dismisses Revenue's Appeal in Euro Issue Expenditure Deduction Case — Expenditure Incurred for Raising Capital Abroad Held Deductible as Cost of Acquisition Under Section 48 of Income Tax Act, 1961. No Tax Deduction at Source Required Under Section 195 for Payments to Non-Residents for Services Rendered Outside India.

3 Jul 2014

The case involves an appeal by the Director of Income Tax (International Taxation) against the order of the Income Tax Appellate Tribunal (ITAT) dated...

High Court

Bombay High Court Upholds Tribunal's Restriction on Section 80HHB Deduction and Denial of Deduction for Foreign Tax Paid. The court held that only amounts transferred to Foreign Project Reserve Account during the previous year qualify for deduction under Section 80HHB, and tax paid abroad is not deductible under the Income Tax Act.

20 Dec 2016

The case involves an income tax reference by the Income Tax Appellate Tribunal to the Bombay High Court under Section 256(1) of the Income Tax Act, 19...

1 2 3

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