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Bombay High Court Dismisses Revenue Appeal in Raymond Ltd. Tax Case — Multiple Disallowances Deleted by ITAT Upheld. Pre-operative expenses, technical know-how payments, debenture issue costs, and lease rent deductions allowed as revenue expenditure under Income Tax Act, 1961.

The Commissioner of Income Tax-2, Mumbai (Revenue) appealed against the decision of the Income Tax Appellate Tribunal (ITAT) dated 22 March 2007 for A...

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Supreme Court Allows Assessee's Appeal in Income-tax Act Registration Matter. Cancellation of Firm's Registration Under Rule 6B is Appealable Under Section 30(1) of Income-tax Act, 1922.

The dispute concerned the appealability of an order cancelling the renewal of a firm's registration under the Income-tax Act, 1922. The assessee, Sir ...