Bombay High Court Hears Income Tax Appeal Filed by Assessee Company Under Section 260A of Income Tax Act, 1961. The Court’s Judgment Reserved on 12 June 2025 and Pronounced on 20 June 2025.
20 Jun 2025...
Search Results for "allowable expenditure"
204 result(s) found
Found 204 result(s)
High Court
Bombay High Court Quashes Reassessment Notice in Income Tax Case — No Failure to Disclose Material Facts. Reopening Beyond Four Years Invalid Under Section 147/148 of Income Tax Act, 1961 as Original Assessment Under Section 143(3) Was Full and True Disclosure.
26 Feb 2024The petitioner, Bajaj Auto Limited, filed its return of income for Assessment Year 2016-17 on 29 November 2016 declaring total income of Rs. 4,860,25,...
High Court
High Court of Bombay at Goa Allows Tax Appeals in LC Charges TDS Case — LC Charges Paid to Indian Banks Not Subject to TDS Under Section 195(1) of Income Tax Act, 1961. Payments to Indian banks for opening letters of credit for import of goods are not payments to non-residents and do not attract TDS provisions.
2 Nov 2020The case involves three tax appeals filed by India Furniture Products Limited against the Commissioner of Income Tax, Goa, concerning the assessment y...
- 16
High Court
High Court of Karnataka Dismisses Revenue's Appeal in Income Tax Case — Regional Rural Bank Entitled to Deduction Under Section 36(1)(viia) on Provision for Bad and Doubtful Debts. The court held that the provision for bad and doubtful debts made by the assessee-bank in accordance with RBI guidelines is allowable as a deduction under Section 36(1)(viia) of the Income Tax Act, 1961, and that the Assessing Officer cannot recompute the provision based on a different percentage.
14 Dec 2015The case involves two appeals filed by the Revenue under Section 260A of the Income Tax Act, 1961, challenging a common order dated 28.11.2013 passed ...
- 21
High Court
High Court of Karnataka Dismisses Revenue's Appeal in Income Tax Case — Disallowance of Interest on Funds Advanced to Sister Concern Not Justified When Own Funds Exceed Advances. The court upheld the Tribunal's finding that no disallowance under Section 36(1)(iii) of the Income Tax Act, 1961 is warranted when the assessee's own funds are sufficient to cover advances to sister concerns.
7 Oct 2015The case involves appeals filed by the Revenue under Section 260A of the Income Tax Act, 1961, against the common order of the Income Tax Appellate Tr...
- 20
High Court
Bombay High Court Quashes Reassessment Order in Income Tax Case for Non-Compliance with GKN Driveshafts Procedure. Revenue failed to communicate order rejecting objections and passed assessment order within four weeks, violating principles of natural justice.
6 May 2015The petitioner, Capgemini India Pvt. Ltd., challenged a notice under Section 148 of the Income Tax Act, 1961, and the subsequent reassessment order da...
- 138
High Court
Bombay High Court Dismisses Revenue's Appeal in HDFC Bank Tax Case — Upholds ITAT's Decision on Section 14A Disallowance, Broken Period Interest, and Diminution in Value of Investments. The Court held that investments in tax-free securities were made from the assessee's own funds, broken period interest is allowable as a deduction, and amortization of premium on investments held to maturity is permissible as per RBI guidelines.
23 Jul 2014The case involves an appeal filed by the Commissioner of Income Tax-2 under section 260A of the Income Tax Act, 1961, challenging an order of the Inco...
- 66
High Court
Bombay High Court Dismisses Revenue's Appeal in Income Tax Case Regarding Delayed PF Contributions and Bond Registration Charges. Tribunal's reliance on CIT v. Alom Extrusion Ltd. for allowing deduction of employees' PF contributions paid within grace period upheld, and bond registration charges held allowable under Section 37(1) of Income Tax Act, 1961.
11 Jul 2014The case involves an appeal by the Commissioner of Income Tax against the order of the Income Tax Appellate Tribunal (ITAT) which upheld the CIT (Appe...
- 144
High Court
Bombay High Court Allows Revenue's Appeal in Income Tax Case - STP Undertaking Exemption Denied as Manufacturing Commenced Before 1 April 1994. The court held that the conditions of Section 10A(2) of the Income Tax Act, 1961 were not fulfilled because the undertaking had already started manufacturing before the cutoff date, and the subsequent slump sale did not affect the commencement date.
6 Mar 2012The appeal by the Revenue under Section 260A of the Income Tax Act, 1961 challenged the Income Tax Appellate Tribunal's decision allowing the assessee...
- 58
High Court
Bombay High Court Dismisses Revenue's Appeal in Income Tax Case — Royalty Payment Held Allowable and Section 10B Deduction Properly Claimed. Tribunal's finding that royalty was genuine and in accordance with business exigencies upheld, and assessee's option for Section 10B by filing Form 56G and claiming in computation was valid.
7 Feb 2012The appeal by the Revenue under Section 260A of the Income Tax Act, 1961, challenged the Income Tax Appellate Tribunal's order dated 22 September 2009...
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