Search Results for "carry forward and set off"

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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 Enhances Child Maintenance and Grants Interim Medical Maintenance ...
Supreme Court Upholds Refusal to Eschew Proof Affidavit in Probate Proceedings. ...

Search Results for "carry forward and set off"

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High Court

High Court of Bombay at Goa Dismisses Revenue's Appeal in Tax Evasion Case — Transaction of Share Transfer Held Genuine, Not a Colourable Device. The court upheld the ITAT's finding that the sale of shares of group companies at a low price and sale of shares of Mackhinon & Mackenzie Co. Ltd. at a high price were genuine transactions, and the resultant set-off of long-term capital loss against short-term capital gains was permissible under the Income Tax Act, 1961.

23 Oct 2013

The case pertains to an appeal filed by the Commissioner of Income Tax under Section 260A of the Income Tax Act, 1961, against the order of the Income...

High Court

Bombay High Court Allows Teacher's Petition Against Pay Reduction and Recovery Order — Recovery of Excess Payment Set Aside Due to No Misrepresentation. Pay Fixation Error by Employer Cannot Be Recovered from Employee Without Show Cause Notice.

2 May 2019

The petitioner, Premchand Nathu Patil, was appointed as an Assistant Teacher on 16.06.1989 in a secondary school run by respondent No. 5 institute. He...

High Court

Bombay High Court Allows Writ Petition Challenging Reopening of Assessment Under Section 148 of Income Tax Act, 1961 — Depreciation on Goodwill Not a Valid Reason for Reassessment. The court held that reopening based on change of opinion is impermissible and that depreciation on goodwill is allowable under Section 32(1)(ii) of the Income Tax Act, 1961.

25 Jun 2012

The petitioner, Bedmutha Industries Ltd., challenged a notice dated 29 November 2010 issued under Section 148 of the Income Tax Act, 1961, seeking to ...

High Court

Bombay High Court Quashes Revisional Notice Under Section 263 of Income Tax Act for Lack of Jurisdiction — Limitation Period Expired for Original Assessment Order. Reassessment Order Does Not Extend Limitation for Revising Original Assessment Under Section 263 of Income Tax Act, 1961.

23 Apr 2010

The petitioner, Ashoka Buildcon Ltd., challenged a notice dated 30 April 2009 issued by the Commissioner of Income Tax-I, Nashik under Section 263 of ...

High Court

Bombay High Court Dismisses Petition Challenging Industrial Tribunal's Refusal to Strike Out Additional Written Statement. Tribunal's Discretion to Allow Additional Pleadings Upheld Unless Prejudice Shown.

29 Mar 2006

The petitioner, GTL Limited, filed a writ petition under Articles 226 and 227 of the Constitution of India challenging an order dated 10.2.2006 passed...

High Court

Bombay High Court Dismisses Revenue's Appeal in Transfer Pricing and Inventory Valuation Case. Management fees paid to associated enterprise held allowable as services rendered and benefit derived; provision for obsolete inventory allowed following Rotork Controls.

8 Sep 2022

The appeal was filed by the Pr. Commissioner of Income Tax, Pune under Section 260A of the Income Tax Act, 1961 against the order dated 14th June, 201...

High Court

Bombay High Court Allows Revenue Appeal in Section 10A Deduction Case — Brought Forward Losses of Non-10A Unit Must Be Set Off Before Computing Deduction Under Section 10A. The court held that the deduction under Section 10A is to be computed after setting off brought forward losses of non-10A units, as Section 10A is a deduction not exemption and Section 72 applies before Section 10A deduction.

9 Apr 2012

The Revenue appealed against the order of the Income Tax Appellate Tribunal (ITAT) which held that brought forward unabsorbed depreciation and losses ...

High Court

Bombay High Court Quashes Reopening Notice Under Section 148 of Income Tax Act for Lack of Fresh Material — Reassessment Based on Mere Change of Opinion is Invalid. The court held that where the Assessing Officer had already considered the issue of set-off of short-term capital gain during scrutiny assessment, reopening after four years without fresh material is impermissible.

31 Aug 2021

The petitioner, First Source Solutions Limited, engaged in contact centre and transaction processing services, had two SEZ units for AY 2012-13. The P...

High Court

Bombay High Court Dismisses Writ Petition Challenging Industrial Tribunal Award in Reference (IT) No. 30 of 2015 — Upholds Reinstatement of Workmen with Continuity of Service and Back Wages for Termination Without Compliance of Section 25-F of Industrial Disputes Act, 1947.

20 Nov 2025

The petitioner, a company incorporated under the Companies Act, 1956, running a factory at Ranjangaon, challenged an Award dated 29 March 2018 passed ...

High Court

Bombay High Court Quashes Externment Order Against Petitioner in Maharashtra Police Act Case — Failure to Consider Written Submissions and Supply Order Copy Violates Natural Justice. Appellate Authority's Order Set Aside as It Did Not Consider Petitioner's Written Submissions and Did Not Provide Copy of Order, Rendering the Externment Unsustainable Under Section 56 of Maharashtra Police Act, 1951.

8 Jun 2021

The petitioner, Ranjit Kumar Veeran, was a witness in a murder case (C.R. No. 43 of 2017) involving his business partner. Subsequently, he was falsely...

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