Search Results for "taxable income"

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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...
Bombay High Court at Goa Dismisses Review Petition in Partition Suit Impleadment...
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Search Results for "taxable income"

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High Court

Madras High Court Allows Assessee's Appeal in TDS Dispute on Internet Charges Paid to Non-Resident — Payments for Telecom Connectivity Not Royalty or Fees for Technical Services. Section 40(a)(i) Disallowance Set Aside as Payments Were Not Chargeable to Tax Under the Income Tax Act, 1961.

30 Apr 2026

The appellant, M/s. Cognizant Technology Solutions India Private Limited, is engaged in the development and export of computer software. For the asses...

High Court

Bombay High Court Orders Refund of Rs.56 Crore Service Tax Deposit Retained Without Authority of Law. Petitioner Bank's deposit made under protest to buy peace on interchange income cannot be retained without show cause notice or adjudication order.

8 Nov 2023

The petitioner, The Hongkong and Shanghai Banking Corporation Ltd., filed a writ petition under Article 226 of the Constitution challenging the retent...

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 2023

The appellant, Mahindra and Mahindra Ltd., a public limited company engaged in manufacturing and trading, filed an appeal under Section 206A of the In...

High Court

Bombay High Court Allows Appeal for Enhancement of Compensation in Motor Accident Claim — Deceased Senior Manager Entitled to 50% Future Prospects and Correct Multiplier. Tribunal's errors in applying multiplier of 14 instead of 13 and deducting 1/3rd for personal expenses instead of 1/4th corrected, resulting in enhanced compensation of Rs.2,52,02,474/-.

18 Nov 2022

This First Appeal was filed by the original claimants, being the heirs and legal representatives of Vilas Ramkumar Deshpande (the deceased), who died ...

High Court

Bombay High Court Quashes Reassessment Notice Under Section 148 of Income Tax Act, 1961 for A.Y. 2017-18 — Reopening Based on Mere Change of Opinion. Notice issued within four years of assessment year held invalid as reasons recorded were already considered during original assessment under Section 143(3).

19 Jan 2022

The petitioner, Parinee Realty Pvt. Ltd., filed a writ petition challenging a notice dated 30 March 2021 issued under Section 148 of the Income Tax Ac...

High Court

High Court of Karnataka Dismisses Revenue's Appeal in Income Tax Case — Upholds ITAT Order on Disallowance of Interest and Depreciation. Assessee's claim for deduction under Section 80-IA allowed as substantial question of law not raised.

23 Jul 2018

The case involves two cross appeals: ITA No.884/2007 filed by the Revenue (Commissioner of Income Tax and Income Tax Officer) and ITA No.60/2015 filed...

High Court

Bombay High Court Allows Assessee's Reference in Income Tax Case - Payment to Japanese Company for Technical Advisory Services Held Not Taxable Under DTAA. The court ruled that fees for technical services are 'industrial or commercial profits' under Article III of the India-Japan DTAA and not taxable in India in the absence of a permanent establishment.

14 Sep 2012

The case involves an Income Tax Reference under Section 256(1) of the Income Tax Act, 1961, arising from RA Nos.1052 and 1053/Bom/1991, which stem fro...

High Court

Bombay High Court Quashes Reopening of Assessment Under Section 147 for Lack of Fresh Material — Reassessment Based on Same Facts as Original Assessment is Invalid. The Court held that the Assessing Officer cannot reopen an assessment on the same facts and material already considered during the original assessment under Section 143(3) of the Income Tax Act, 1961, as it amounts to a mere change of opinion.

10 Jun 2010

The Petitioner, Indian Oil Corporation Ltd., filed a writ petition challenging the reopening of its assessment for Assessment Year 2002-03 under Secti...

High Court

Bombay High Court Allows Appeal in Service Tax Case: Donation for Exclusive Catering/Decoration Rights Not Chargeable to Service Tax. Consideration received by charitable trust for granting monopoly rights to caterer/decorator does not constitute 'catering service' under Section 65(90)(m) of Finance Act, 1994.

25 Apr 2006

The appellant, a charitable trust registered under the Bombay Public Trust Act, owned a building with halls that were hired out for official, social, ...

Supreme Court

Supreme Court Upholds Assessee in Income Tax Dispute Regarding Tribunal's Jurisdiction to Remand on New Grounds. Tribunal Has Power Under Section 33(4) of Income-tax Act, 1922 to Entertain New Arguments and Order Remand Despite Procedural Rules.

22 Sep 1966

The Supreme Court addressed five consolidated civil appeals arising from a reference made by the Income-tax Appellate Tribunal, Bombay Bench 'A'. The ...

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