Search Results for "interest disallowed"

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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 "interest disallowed"

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High Court

Bombay High Court Directs Re-examination of Petitioner in NEET-SS 2023 Due to Technical Glitch During Biometric Verification. Petitioner's inability to provide left thumb impression due to a bandage on his left hand was a genuine technical issue, not an attempt at impersonation, warranting a fresh attempt.

31 Oct 2023

The petitioner, Dr. Shyamsundar s/o Kashiram Patil, a medical practitioner with an M.D. (Medicine) degree, applied for the D.M. (Doctor of Medicine) e...

High Court

Bombay High Court Dismisses Challenge to Amendment of Plaint in Property Suit — No New Case Introduced. Amendment to incorporate subsequent events and clarify pleadings is permissible under Order VI Rule 17 CPC as it does not change the nature of the suit.

12 Dec 2022

The petitioner, defendant no.1 in a civil suit, challenged an order dated 30.08.2021 passed by the 2nd Joint Civil Judge Senior Division, Nanded, allo...

High Court

Bombay High Court Allows Appeal in Income Tax Bad Debt Deduction Case — Tribunal Erred in Rejecting Claim Under Section 36(1)(vii) of Income Tax Act, 1961. The court held that once the assessee writes off a debt as irrecoverable in its books, the condition for deduction is satisfied, and the Assessing Officer cannot substitute his own opinion.

18 Jul 2022

The appellant, M/s. L.K.P. Merchant Financing Ltd., a Public Limited Company registered as a Non-Banking Finance Company engaged in lease finance, fil...

High Court

Bombay High Court Upholds Allowance of Counterclaim Filed After Commencement of Trial in Tenant-Landlord Dispute — Order VIII Rule 6-A CPC Permits Counterclaim Even After Written Statement if Filed Before Evidence Concludes. The court held that a counterclaim under Order VIII Rule 6-A CPC can be filed at any stage before the pronouncement of judgment, and the trial court's discretion to allow it subject to costs was proper.

3 Jan 2022

The petitioner, Krishnaji Amarlal Kruplani, was the original plaintiff in a civil suit (RCS No.168/2008) filed in 2008 before the Second Joint Civil J...

High Court

Bombay High Court Allows Revenue's Appeal in Income Tax Case Regarding Redemption Fine as Business Expenditure. Redemption fine of Rs. 75,00,000 paid for unauthorized import of almonds held allowable as business expenditure under Section 37 of the Income Tax Act, 1961.

22 Feb 2019

The appeal was filed by the Principal Commissioner of Income Tax against the order of the Income Tax Appellate Tribunal (ITAT) which allowed the asses...

High Court

Bombay High Court Upholds Revenue Nature of Settlement Charges and Legal Expenses in Consent Decree — Expenditure Incurred to Remove Obstruction in Business Held Deductible Under Income Tax Act, 1961. The court held that payments made to settle litigation and remove a hindrance in the conduct of business are revenue expenditure, not capital, as the assessee already owned the business and premises.

30 Mar 2012

The case involved a reference under Section 256(1) of the Income Tax Act, 1961, at the instance of the Revenue, challenging the Tribunal's decision to...

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 Dismisses Petition Challenging Invocation of Bank Guarantee in Commercial Dispute. Bank Guarantee Invocation Upheld as No Case of Fraud or Irretrievable Injustice Made Out.

6 Sep 2005

The petitioner, M/s. Atul Medical, filed a writ petition challenging the invocation of a bank guarantee of Rs. 8 lacs by the respondent, M/s. Cadila H...

High Court

Bombay High Court Allows Revenue Appeal in Income Tax Case — Payment to Retiring Partners Held Capital Expenditure. Amount of Rs.1,34,678 paid to retiring partners under Memorandum of Understanding is capital expenditure not deductible as revenue expenditure.

30 Aug 2005

The case involves an appeal by the Commissioner of Income Tax against the order of the Income Tax Appellate Tribunal. The assessee, Mandovi Hotel Pvt....

High Court

Bombay High Court Allows Exemption for Sale of Donated Oil Under BST Act Notification No. 222 — Stock Transfer from Gujarat to Maharashtra Does Not Disentitle Exemption. The court held that the identity of goods was maintained and the sale within Maharashtra qualifies for exemption under Entry 222 of Notification under Section 41 of Bombay Sales Tax Act, 1959.

6 May 2005

The applicant, Gujarat Co-op. Oilseeds Growers Federation Limited, is a federation of oilseed growers with head office in Ahmedabad and branch office ...

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