Search Results for "lease 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...
Supreme Court Upholds Refusal to Eschew Proof Affidavit in Probate Proceedings. ...
Supreme Court Allows Agriculturists' Appeal for Enhanced Compensation; Condones ...

Search Results for "lease income"

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High Court

Bombay High Court Allows Revenue Appeal in Income Tax Case — Cost of Repair/Reconstruction of Tenanted Premises Held Capital in Nature. The court held that the contribution of Rs.1.50 Crores by the tenant-assessee for repair/restoration of the building was capital expenditure, not allowable as revenue deduction under Section 30(a)(i) of the Income Tax Act, 1961.

30 Jan 2012

The case involves an appeal by the Revenue against the order of the Income Tax Appellate Tribunal which allowed the assessee's claim for deduction of ...

High Court

Madras High Court Dismisses Revenue's Appeal in Capital Gains vs Business Profits Dispute. Profit on Sale of Land Held as Capital Gains Where Assessee Not in Property Development Business.

9 Jan 2026

The case involves an appeal by the Commissioner of Income Tax against an order of the Income Tax Appellate Tribunal for assessment year 2004-05. The a...

High Court

Bombay High Court Allows Revenue Appeal in Income Tax Case on Lease Rental Deduction for Idle Machinery. Business decision to keep dozers idle and pay lease rentals without use held not allowable as expenditure under Section 37(1) of Income Tax Act, 1961.

29 Sep 2010

The Revenue appealed against the order of the Income Tax Appellate Tribunal (ITAT) which had allowed the assessee's claim for deduction of lease renta...

High Court

Bombay High Court Hears Revenue's Appeal Against Tribunal's Direction to Use Municipal Rateable Value for Determining Annual Letting Value Under Section 23(1)(a) of Income Tax Act, 1961. The Court Examines Whether Comparable Market Instances or Municipal Valuation Should Prevail When Property Is Not Subject to Rent Control Legislation.

8 Aug 2014

The matter comprised multiple income tax appeals filed by the Revenue under Section 260A of the Income Tax Act, 1961, challenging common orders of the...

High Court

Bombay High Court Dismisses Appeal by Forest Development Corporation in Turnkey Plantation Income Tax Case — Income from Turnkey Plantation Contract Held Not Agricultural Income Under Section 2(1A) of Income Tax Act, 1961. The court upheld the splitting of income into two stages and affirmed that the dominant purpose was service, not agriculture.

3 Aug 2017

The appellant, The Forest Development Corporation of Maharashtra Limited, a government-owned company, filed an appeal under Section 260A of the Income...

High Court

Bombay High Court Allows Possession Claim by Lessee in Company Liquidation — Official Liquidator Directed to Hand Over Property Subject to Lease. Leasehold Rights Survive Winding Up and Official Liquidator Must Respect Lessee's Right to Possession Under Section 456 of Companies Act, 1956.

23 Jun 2017

The Provident Investment Company Ltd., a Government of Madhya Pradesh undertaking, filed an application seeking possession of leasehold land admeasuri...

High Court

High Court of Bombay at Goa Allows Revenue Appeal in Capital Gains Tax Case — Incomplete Hotel Project Held as Short-Term Capital Asset. The court held that the period of holding of an incomplete building under construction cannot be added to the period of holding of the land for determining long-term capital gains under Section 2(42A) of the Income Tax Act, 1961.

29 Oct 2010

The Commissioner of Income Tax appealed against the order of the Income Tax Appellate Tribunal which had held that the profit from sale of an incomple...

Supreme Court

Supreme Court Adjudicates Tax Treatment of Compensation for Partial Termination of Selling Agency under Income Tax Act, 1922. The Court considered whether the sum received by the assessee for termination of agency rights outside Hyderabad State constituted a capital receipt or revenue receipt.

20 Mar 1959

Background: The case involved the income tax assessment of the respondent, a registered firm carrying on business as selling agents and distributors o...

High Court

Madras High Court Allows Deduction Under Section 80IA for Income from Operation and Maintenance of Software Technology Park. The Court held that income from leasing out property with amenities constitutes business income eligible for deduction under Section 80IA of the Income Tax Act, 1961.

21 Jan 2026

The appellant, M/s. Tidel Park Ltd., filed an appeal under Section 260A of the Income Tax Act, 1961 against the order of the Income Tax Appellate Trib...

Supreme Court

Supreme Court Allows DDA Appeal in Lease Transfer Case — Demerger of Public Limited Company Attracts 50% Unearned Increase. Transfer of leasehold plot by original lessee to another public limited company pursuant to a scheme of arrangement and demerger under the Companies Act, 1956, constitutes a transfer under Clause 6(a) of the Lease Deed, making the lessee liable to pay 50% unearned increase.

24 Apr 2019

The Supreme Court allowed the appeal filed by the Delhi Development Authority (DDA) against the judgment of the Delhi High Court, which had quashed th...

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