INCOME TAX APPEAL NO. 499 OF 2012
14 Oct 2014The appeal before the High Court arose out of an order passed by the Income Tax Appellate Tribunal (ITAT) dismissing the assessee's appeal and upholdi...
Search Results for "Income Tax Act 1922"
273 result(s) found
Found 273 result(s)
Supreme Court
Supreme Court Allows Appeal in Income Tax Deduction Case for Accrued Development Liability. Deduction for Estimated Future Development Expenses Allowed Under Section 10(1) of Indian Income-tax Act, 1922, as Liability Was Accrued, Not Contingent.
12 May 1959The dispute concerned the income tax assessment of a land-developing company that followed the mercantile method of accounting. The appellant, Messrs....
- 27
High Court
Bombay High Court Allows Appeal of Assessee in Income Tax Case — Write-off of Advances and Expenses Held Allowable as Business Loss Under Section 28 of Income Tax Act, 1961. The court held that amounts advanced to a business associate in the course of business dealings and written off as irrecoverable are deductible as business loss.
9 Jun 2023The appellant, Mahindra and Mahindra Ltd., a public limited company engaged in manufacturing and trading, filed an appeal under Section 206A of the In...
- 60
Supreme Court
Supreme Court Allows Revenue's Appeals and Dismisses Assessees' Writ Petitions in GST Input Tax Credit Case — Upholds Constitutional Validity of Section 17(5)(c) and (d) of CGST Act. Court holds that denial of ITC on construction of immovable property used for renting is valid and does not violate Articles 14, 19(1)(g), or 300A.
3 Oct 2024The case involves a challenge to the constitutional validity of clauses (c) and (d) of sub-section (5) of Section 17 of the Central Goods and Services...
- 1349
High Court
Bombay High Court Dismisses Suit Challenging Income Tax Order for Lack of Jurisdiction Under Section 269UN of Income Tax Act, 1961. Jurisdiction of Civil Court Barred as Appropriate Authority's Order Under Chapter XXC Is Final and Conclusive.
7 Apr 2014The plaintiff, Sasmita Investments Ltd., filed a suit in the Bombay High Court challenging an order passed by the Appropriate Authority under Chapter ...
- 38
High Court
Madras High Court Allows Appeal in Income Tax Case — Advances Written Off as Business Loss Under Section 37(1) Allowed Despite Bad Debt Claim Under Section 36(1)(vii) Being Time-Barred. Court holds that advances given in the course of construction business which become irrecoverable and written off in books of account are allowable as business loss under Section 37(1) of the Income Tax Act, 1961, even if the claim under Section 36(1)(vii) fails due to non-compliance with Section 36(2).
22 Jan 2026The appellant, M/s. Deccan Estates, a builder, entered into a joint venture agreement on 10.12.1995 with landowners for development of a property name...
- 72
High Court
Bombay High Court Allows Restoration of Appeal Dismissed for Non-Prosecution by ITAT — Rule 24 of ITAT Rules Does Not Confer Power to Dismiss Appeal for Default in Absence of Notice of Hearing. The Court Held That the Tribunal Must Hear the Appellant Before Dismissing the Appeal and Has Inherent Power to Restore It.
23 Oct 2013The petitioner, Bharat Petroleum Corporation Limited, filed a writ petition under Article 226 of the Constitution of India challenging an order dated ...
- 45
High Court
Bombay High Court Dismisses Revenue's Appeal in Keyman Insurance Premium Deduction Case. Partnership Firm's Premium on Partner's Life Insurance Held Allowable as Business Expenditure Under Section 37(1) of Income Tax Act, 1961.
31 Mar 2010The appeal by the Revenue under Section 260A of the Income Tax Act, 1961 challenged the order of the Income Tax Appellate Tribunal (ITAT) which had co...
- 68
High Court
Bombay High Court Dismisses Revenue's Appeal in Income Tax Case — Cooperative Society Entitled to Deduction Under Section 80P(2)(e) on Ginning and Pressing Charges. Reopening of Assessment Based on Change of Opinion Not Justified.
8 Dec 2015The case involves an appeal by the Commissioner of Income Tax-I, Nagpur against the order of the Income Tax Appellate Tribunal (ITAT) which upheld the...
- 71
High Court
Bombay High Court Allows Depreciation on Original Cost in Amalgamation Case Under Rule 10 of Income Tax Rules. Notional Depreciation to Non-Resident Parent Does Not Reduce Written Down Value for Successor Company.
13 Aug 2014The case involves an Income Tax Reference under section 256(1) of the Income Tax Act, 1961, arising from the assessment years 1976-77, 1977-78, and 19...
- 112
