'Water Tax' and 'Water Benefit Tax' can be Levied Even if Water is not Consumed by Owner/Occupier: Bombay HC [Read Order]
The Bombay High Court has ruled that the ‘water tax’ and ‘water benefit tax’ can be levied by the municipal corporation even if the water is not...
![If ITC wrongly availed exceeds Rs.5 crores it would be cognizable and non-bailable offence: Bombay HC dismisses bail application [Read Judgment]](https://www.taxscan.in/wp-content/uploads/2021/02/GST-Evasion-GST-Evader-ITC-wrongly-availed-exceeds-non-bailable-offence-Bombay-High-Court-bail-application-Taxscan.jpeg "If ITC wrongly availed exceeds Rs.5 crores it would be cognizable and non-bailable offence: Bombay HC dismisses bail application [Read Judgment]")
Income from Turnkey- Contract of Plantation would not constitute ‘Agricultural Income’: Bombay HC [Read Judgment]
Denying income tax exemption to The Forest Development Corporation of Maharashtra Limited, a division bench of the Bombay High Court held that income from turnkey- contract of plantation would not...
![Income from Turnkey- Contract of Plantation would not constitute ‘Agricultural Income’: Bombay HC [Read Judgment]](https://www.taxscan.in/wp-content/uploads/2016/06/Bombay-High-Court-2-Tax-Scan.jpg "Income from Turnkey- Contract of Plantation would not constitute ‘Agricultural Income’: Bombay HC [Read Judgment]")
Once Relief for Industrial Undertakings u/s 80IB is allowed for Initial Year, the Dept cannot Withdraw the same for Subsequent Years: Bombay HC
The Nagpur bench of the Bombay High Court in Simple Food Products Pvt. Ltd. Nagpur v. CIT, held that the Department cannot withdraw the relief for Industrial Undertakings under Section 80IB of the...
Salary Paid to Partners can be Deducted from Amount Surrendered to Dept If such Amount was shown as Business Income: Bombay HC [Read Judgment]
A division bench of the Bombay High Court, in M/s Bagdi Enterprises v. ITO, Nagpur, held that a Firm can claim a deduction of salary paid to partners on amount surrendered to the department if such...
![Share Premium is Capital Receipt, Not taxable: Bombay HC [Read Judgment]](https://www.taxscan.in/wp-content/uploads/2016/07/Shares-TaxScan.jpg "Share Premium is Capital Receipt, Not taxable: Bombay HC [Read Judgment]")