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 "income computation"
959 result(s) found
Found 959 result(s)
High Court
Bombay High Court Allows Appeals in Income Tax Classification Dispute — Rent Income from Leasing Properties Held Assessable as Business Income. The Court ruled that where the assessee's main object is leasing and it conducts systematic business activity, rental income is assessable under 'Profits and gains of business or profession' under Section 28 of the Income Tax Act, 1961, not under 'Income from house property'.
21 Oct 2024The case involves a batch of appeals under Section 260A of the Income Tax Act, 1961, filed by National Leasing Limited (later National Realty Pvt. Ltd...
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High Court
Bombay High Court Dismisses Revenue's Appeal in MAT Credit Case — Credit for Brought Forward MAT Must Be Given Before Computing Interest Under Section 234B of Income Tax Act, 1961. The Court held that MAT credit reduces the tax payable on assessment and must be deducted from gross demand before charging interest under Section 234B.
6 Apr 2010The appeal by the Revenue arose from an order of the Income Tax Appellate Tribunal dated 20 June 2007, concerning assessment year 2000-2001. The asses...
- 70
Supreme Court
Supreme Court Allows Appeal in Motor Accident Compensation Case Due to Disregard of Income Tax Return and Incorrect Deduction for Personal Expenses. Income Tax Return Held to Be Statutory Document for Computing Income; Deduction for Personal Expenses Reduced to 1/5th for Seven Dependents Under Motor Vehicles Act, 1988.
1 Jan 2022The present appeal arises from a motor accident claim where the deceased, Rajesh, aged 28, died in a collision on 15th August 2010. The appellants, hi...
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Supreme Court
Supreme Court Dismisses Revenue's Appeal in Income Tax Deduction Case Under Section 80-IA. Deduction Under Section 80-IA of Income Tax Act, 1961 is Allowed Against Gross Total Income, Not Restricted to Business Income Only, Based on Interpretation of Sections 80AB and 80-IA(5).
28 Apr 2021The dispute arose from the assessment year 2002-03 involving the Commissioner of Income Tax as appellant and M/s. Reliance Energy Ltd. as respondent. ...
- 213
High Court
Bombay High Court Allows Assessee's Reference in Section 80HHC Deduction Case - Interest Income from Sister Concerns Held Includible in Business Profits. The court ruled that interest income derived from the business of export and forming part of business profits must be included in computing the deduction under Section 80HHC of the Income Tax Act, 1961.
18 Sep 2012The case involves a reference under Section 256(1) of the Income Tax Act, 1961, by the Income Tax Appellate Tribunal (ITAT) to the Bombay High Court. ...
- 117
High Court
High Court of Karnataka Enhances Compensation in Motor Accident Claim; Directs Reliance on Income Tax Returns as Statutory Proof of Income. Tribunal Erred in Rejecting ITRs for Want of Educational Certificates; Compensation Recalculated Based on Average of Three Assessment Years' Income.
21 Jul 2026The appeal arose out of a motor accident claim in which the husband and two minor children of the deceased sought enhancement of compensation awarded ...
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High Court
Bombay High Court Dismisses Insurer's Appeal, Upholds Inclusion of Salary Allowances in Income for Compensation Calculation Under Motor Vehicles Act. Court Holds That All Allowances Part of Pay Structure Are Includible and Compassionate Appointment Does Not Reduce Dependency Loss.
31 Aug 2012The appeal arose from a Motor Accident Claims Tribunal award granting compensation of Rs. 50,75,000/- to the widow, minor son, and mother of one Haris...
- 40
High Court
Bombay High Court Dismisses Revenue's Appeal in Income Tax Case, Allows Deduction Under Section 80IB(10) on Undisclosed Income. Deduction under Section 80IB(10) is allowable on undisclosed income computed under Section 69A, and a fresh claim can be raised before appellate authorities even if not made in the return.
27 Jul 2012The appeal by the revenue under Section 260A of the Income Tax Act, 1961 challenged the order of the Income Tax Appellate Tribunal dated 12/10/2009 re...
- 49
Supreme Court
Supreme Court Partially Allows Assessee's Appeals in Reassessment Case Under Income-tax Act, 1922. Reassessment Under Section 34(1)(a) Held Invalid for Two Assessment Years as No Obligation on Taxpayer to Disclose Minor's Income Liable to be Included Under Section 16(3), But Inclusion of Minor's Income Valid Despite Separate Assessment.
14 Feb 1969The Supreme Court of India dealt with appeals regarding reassessment proceedings initiated against Muthiah Chettiar for failure to include the income ...
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