![Subsidy Received by BOI from RBI Cannot be Treated as Interest Chargeable u/s 4 of Income Tax Act: Bombay HC [Read Order]](https://images.taxscan.in/h-upload/2025/06/19/500x300_2050461-boi-rbi-taxscan.webp "Subsidy Received by BOI from RBI Cannot be Treated as Interest Chargeable u/s 4 of Income Tax Act: Bombay HC [Read Order]")
Subsidy Received by BOI from RBI Cannot be Treated as 'Interest' Chargeable u/s 4 of Income Tax Act: Bombay HC [Read Order]
The Bombay High Court held that the amount of subsidy received by the Bank of India (BOI) from RBI cannot be treated as 'interest' chargeable under...
![Trust amounts to Association of Person u/s 40(b) of Income Tax Act: Bombay HC [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/04/trust-site-img-1.jpg "Trust amounts to Association of Person u/s 40(b) of Income Tax Act: Bombay HC [Read Order]")
![Depreciation as Granted with Rate per Income Tax Act Must Be Deducted to Determine Accumulated Profits: Telangana HC [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/11/income-tax-Income-Tax-Depreciation-Rates-Accumulated-Profits-taxscan.jpg "Depreciation as Granted with Rate per Income Tax Act Must Be Deducted to Determine Accumulated Profits: Telangana HC [Read Order]")
Handling of Cargo in Customs Areas Regulations for which cost of living expenses recoverable from Customs Cargo Service Provider is Ultra Vires Customs Act: Telangana HC [Read Order]
In a recent decision the Telangana High Court held that Handling of Cargo in Customs Areas Regulations for which cost of living expenses recoverable from the customs cargo service provider is ultra...
![Handling of Cargo in Customs Areas Regulations for which cost of living expenses recoverable from Customs Cargo Service Provider is Ultra Vires Customs Act: Telangana HC [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/05/Telangana-High-Court-Customs-Cargo-Service-Customs-Act-Customs-Areas-Regulations-Tax-news-Taxscan.jpg "Handling of Cargo in Customs Areas Regulations for which cost of living expenses recoverable from Customs Cargo Service Provider is Ultra Vires Customs Act: Telangana HC [Read Order]")
Telangana HC upholds Jurisdiction of Revenue Division Officer to issue Occupancy Rights Certificates in 'Service Inam' Land cases [Read Order]
In a landmark decision, the Telangana High Court upheld the jurisdiction of Revenue Division Officer to issue Occupancy Rights Certificates in 'Service Inam' land cases. The Tahsildar of Hyderabad...
Courts must Pass reasoned and articulated decisions in disputes involving Computation of Due Amount under Arbitration Act: Telangana HC [Read Order]
The Telangana High Court found that the execution order under the Arbitration Act arrived cryptically and cavalierly without providing an explanation or reasoning and set aside the order. It...
ICAI removes Name of a Chartered Accountant found Guilty of Cash Embezzlement & Fraud following Karnataka High Court Order [Read HC Order & Notification]
After the Karnataka High Court Order, the Institute of Chartered Accountants of India ( ICAI ) has removed the name of a Chartered Accountant who is found guilty of Cash Embezzlement & Fraud. ...
![Relief to Swiggy: Karnataka High Court orders GST Refund of Rs. 27 Cr Illegally collected [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/03/Swiggy-Karnataka-High-Court-orders-GST-Refund-TAXSCAN.jpg "Relief to Swiggy: Karnataka High Court orders GST Refund of Rs. 27 Cr Illegally collected [Read Order]")
Deduction allowable on Expenditure if purpose of incurring Expenditure is to earn Income: Karnataka HC [Read Order]
The Karnataka High Court held that the deduction is allowable on expenditure if the purpose of incurring expenditure is to earn income. The assessee, West Palm Development LLP is engaged in...
![Deduction allowable on Expenditure if purpose of incurring Expenditure is to earn Income: Karnataka HC [Read Order]](https://www.taxscan.in/wp-content/uploads/2021/12/d5a847da-a78c-4190-b357-ae4a25f4e1e3.jpg "Deduction allowable on Expenditure if purpose of incurring Expenditure is to earn Income: Karnataka HC [Read Order]")
![No Income Tax on Allotment of Bonus Shares: Karnataka High Court [Read Judgment]](https://www.taxscan.in/wp-content/uploads/2021/03/Income-Tax-Allotment-of-Bonus-Shares-Karnataka-High-Court-Taxscan.jpg "No Income Tax on Allotment of Bonus Shares: Karnataka High Court [Read Judgment]")