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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 1959

The dispute concerned the income tax assessment of a land-developing company that followed the mercantile method of accounting. The appellant, Messrs....

High Court

Bombay High Court Allows Judgment Creditor's Claim for Statutory Interest Under Section 31(7) of Arbitration Act and Reimbursement of Expenses in Execution Proceedings. The court held that the judgment creditor is entitled to statutory interest on the award amount and reimbursement of costs and expenses as determined by the Commissioner's report.

29 Jun 2005

The case involves execution proceedings arising from a consent award dated 26th September 2001 passed by an Arbitral Tribunal. The award was in full a...

High Court

Bombay High Court Dismisses Revenue's Appeal in Transfer Pricing Case — Advertisement Expenses Not Subject to Disallowance. Assessee's expenditure on promoting foreign channels held to be for its own business benefit, not requiring compensation from foreign principals.

13 Oct 2014

The appeal was filed by the Commissioner of Income Tax against the order of the Income Tax Appellate Tribunal (ITAT) dated 29th July 2011, which confi...

High Court

High Court of Gujarat Dismisses Revenue's Appeal in Advertisement Expenses Classification Case. ITAT's finding that advertisement expenses are revenue expenses upheld as per Supreme Court precedent.

7 Jan 2026

The present appeal was filed by the Revenue (DY CIT - C C - 1 BARODA) against the respondent-assessee (RINKI PETROCHEMICALS & IND LTD) challenging the...

High Court

Bombay High Court Allows Priority Payment of Crew Wages and Expenses as Sheriff's Expenses from Sale Proceeds of Arrested Vessel. The court held that wages paid to crew members and expenses incurred by P&I Correspondent for necessities after arrest are Sheriff's expenses and rank in priority over other claims.

18 Jan 2023

The case involves an interim application filed by crew members (Applicant Nos. 1 to 44) and the P&I Correspondent (Applicant No. 45) seeking to treat ...

High Court

Bombay High Court Considers Appeal on Disallowance of Business Loss and Book Profit Computation under Income Tax Act, 1961. The Appeal Raises Questions on Write-off of Deposits under Section 28, Scrutiny of Audited Accounts for Section 115J, and Deductibility of Miscellaneous Expenses under Section 37.

2 May 2025

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High Court

Bombay High Court Deliberates on Tax Exemption and Classification of Lease Transactions in Income Tax Reference concerning Scientific Research Centre. Assessee's claim for exemption under Section 11 of Income Tax Act, 1961 hinges on whether activities constitute general public utility, whether construction and letting out of World Trade Centre amounts to business, and whether receipts are revenue in nature.

25 Oct 2012

The Income Tax Reference No. 78 of 1998 arose from the Income Tax Appellate Tribunal's common order dated 29th March, 1996, for assessment years 1989-...

Supreme Court

Supreme Court Allows NCDC's Appeal in Income Tax Dispute Over Deduction of Grants as Revenue Expenditure. Grants disbursed by a statutory corporation as part of its business are deductible under Section 37 of the Income Tax Act, 1961, regardless of the capital nature of the source funds.

11 Sep 2020

The National Co-operative Development Corporation (NCDC), established under the National Co-operative Development Corporation Act, 1962, is a statutor...

High Court

High Court of Gujarat Partly Allows Insurance Company's Appeal in Motor Accident Claim — Deduction for Personal Expenses of Bachelor Deceased Reduced from 1/3 to 1/2. The Court modified the compensation from Rs.18,46,000 to Rs.13,55,200 by applying the correct deduction of 1/2 for personal expenses as per settled law for a bachelor deceased under Section 166 of the Motor Vehicles Act, 1988.

9 Mar 2026

The appellant, New India Assurance Company Ltd., filed a First Appeal under Section 173 of the Motor Vehicles Act, 1988, challenging the judgment and ...

High Court

Karnataka High Court Hears Revenue Appeal on Deletion of Additions for Bogus Transportation, Illegal Mining, and Helicopter Expenses. The Court Examines Whether the ITAT's Deletions Were Perverse and Whether Cross-Examination Rights Were Adequately Protected Under the Income Tax Act, 1961.

17 Mar 2023

The appeal before the Karnataka High Court arose from an order of the Income Tax Appellate Tribunal (ITAT), Bengaluru, which partly allowed the assess...

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