Breakdown and Technical Snags of Machineries during Trial runs cannot be a reason for denying Depreciation: Bombay HC grants relief to L & T [Read Judgment]

Capital Gain Tax would not Attract if the Previous Transaction which the assesee acquired the Property was not Taxable: Bombay HC [Read Judgment]

Disclosure of Income after Show Cause Notice is not ‘Voluntary Disclosure’: Bombay HC [Read Judgment]

Interest Paid to Seller of Securities for the broken period is Deductible from Income: Bombay HC [Read Order]

Documents found during Search must ‘belong to Assessee’ is a necessary Condition to invoke Assessment u/s 153C: Bombay HC

Facts Recorded by the ITAT cannot be Contradicted by Affidavit or Otherwise: Bombay HC [Read Order]