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Bombay High Court Allows Revenue Expenditure Claim for Floor Height Raising in Warehouse to Prevent Flood Damage. Expenditure incurred to protect business and retain major customer is revenue expenditure under Section 37(1) of Income Tax Act, 1961.

The appellant, Jetha Properties Private Limited, was a warehouse keeper operating a warehouse in an area prone to severe water logging during monsoon....

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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.

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

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High Court of Bombay at Goa Allows Tax Appeal in Income Tax Deduction Case — Rear Courtyard Not Part of Built-Up Area for Section 80-IB(10) Computation. The court held that the Tribunal cannot inquire into matters beyond the lis between the parties.

The appellant, M/s. Commonwealth Developers, a partnership firm, filed its return of income for the assessment year 2006-07 declaring a total income o...

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Bombay High Court Dismisses Petitions Challenging Creation of Revenue Sub-Divisions Under Maharashtra Land Revenue Code, 1966. The Court Held That the Government's Notification Was Valid and That the Procedure Under Section 4(4) Was Properly Followed.

The petitioners, Balasaheb Sahebrao Bodkhe and others, filed two writ petitions challenging the Government of Maharashtra's notification dated 26-06-2...

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Bombay High Court Upholds Revenue Expenditure Classification for Technical Consultancy and Labour Housing in Income Tax Reference. Payments for feasibility studies and labour welfare held deductible as revenue expenditure under Income Tax Act, 1961.

The case pertains to an income tax reference under Section 256(1) of the Income Tax Act, 1961, at the instance of the Revenue department. The assessee...

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Bombay High Court Quashes Minister's Order in Land Area Correction Dispute — Remands for Fresh Consideration Due to Violation of Natural Justice. Petitioner's challenge to area correction based on 2018 report succeeds as Minister failed to consider 2010 report and denied opportunity to cross-examine.

The petitioner, Rolland Stanislaus Britto, filed a writ petition challenging an order dated 21 June 2021 passed by the Minister-Revenue, Maharashtra, ...

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Bombay High Court Considers Treatment of Sales Tax Incentives as Capital or Revenue Receipt Under Income Tax Act, 1961. Appeals Filed Under Section 260A Addressed Conflicting ITAT Decisions on State Government Incentive Schemes for Backward Areas.

The judgment concerns two income tax appeals under Section 260A of the Income Tax Act, 1961, heard together by the Bombay High Court. The central issu...