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Bombay High Court Allows Assessee's Appeal on Proportional Increase of Advertisement Limit and Deductibility of Statutory Fund Transfer. Holds that Section 37(3A) limit must be proportionately increased for extended previous year and transfer to statutory storage fund is deductible under Section 37(1).

This judgment by the Bombay High Court addresses four questions of law referred by the Income Tax Appellate Tribunal under Section 256(1) of the Incom...

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Bombay High Court Considers Appeal Against Tribunal's Order Requiring Section 72A Approval for Amalgamated Company's Depreciation Claim. The Court Examines Whether Written Down Value of Assets Can Be Adjusted by Adding Unabsorbed Depreciation Without Central Government Approval.

This appeal under Section 260A of the Income Tax Act, 1961 arose from the order of the Income Tax Appellate Tribunal, Mumbai, concerning assessment ye...

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High Court of Karnataka Adjudicated Writ Petitions Challenging Notifications on Ward Reservation for Municipal Elections. The Petitions Sought Quashing of Notifications Dated 10.08.2018 and 30.07.2018 Issued by the State Government.

The High Court of Karnataka heard a batch of writ petitions under Articles 226 and 227 of the Constitution of India challenging notifications issued b...