Bombay High Court
Bombay High Court, Bombay HC, Mumbai High Court, High Court of Bombay
Legality of E-Wallets: Bombay HC directs RBI to Respond to Concerns
Recently, the Bombay High Court, while hearing a PIL challenging the legality of e-wallets, asked the Reserve Bank of India to respond to the concerns...
![Disallowance of Interest u/s 14A should be made with reference to Net Interest Loan, not on Gross Interest: Bombay HC [Read Judgment]](https://www.taxscan.in/wp-content/uploads/2016/06/Bombay-High-Court-2-Tax-Scan.jpg "Disallowance of Interest u/s 14A should be made with reference to Net Interest Loan, not on Gross Interest: Bombay HC [Read Judgment]")
![Expenditures on Buy-Back of Shares, Acquisition of Know-How etc. are Revenue Expenditures, Deductible from Taxable Income: Bombay HC [Read Order]](https://www.taxscan.in/wp-content/uploads/2016/06/Sale-of-Shares-Tax-Scan.jpg "Expenditures on Buy-Back of Shares, Acquisition of Know-How etc. are Revenue Expenditures, Deductible from Taxable Income: Bombay HC [Read Order]")
![Interest Paid to Seller of Securities for the broken period is Deductible from Income: Bombay HC [Read Order]](https://www.taxscan.in/wp-content/uploads/2017/03/Interest-Deductible-Taxscan.jpg "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
The division bench of the Bombay High Court, in a recent decision, held that the documents found during search must “belong to the assessee” is a necessary condition to invoke assessment u/s 153C of...
Issue of Pre-Assessment notice to Wrong/Old Address of Assessee would not render a Valid Service of Notice: Bombay HC [Read Order]
In CIT v. Abacus Distribution Systems (India) Pvt. Ltd, the Bombay High Court held that the issue of a notice under section 143(2) of the Income Tax Act bearing the wrong (old) address of the assessee...
Sec 80IA(10) cannot be invoked Solely on Ground that there are Common Customers of both Eligible and Non-Eligible units: Bombay HC [Read Order]
Recently, in Malay N. Sanghvi v. ITO, the Bombay High Court held that the profits of an undertaking eligible for deduction cannot be treated as "inflated" by invoking section 80-IB(10) of the Income...
Appeal Voluntarily withdrawn by the Assessee cannot be restored by stating that Withdrawal was an Error: Bombay HC [Read Order]
Recently, in Jayant D. Sanghavi vs. ITAT & Ors, the division bench of the Bombay High Court rejected a plea that the appeal was mistakenly withdrawn on the advice of Counsel and that the same...
Interest Earned Out of Bank FDs before the Commencement of Business is 'Business Income' of a Company: Bombay HC [Read Order]
The division bench of the Bombay High Court in CIT v. M/s Green Infra Ltd held that the interest amount received by the assessee-Company out of Bank Fixed Deposits before the commencement of business...
All Expenses incurred during ‘Setting Up’ and ‘Commencement’ of Business are Permissible Deductions: Bombay HC [Read Order]
In CIT v. Axis Pvt Equity Ltd, the division bench of the Bombay High Court held that all expenses incurred during the interregnum between setting up of business and commencement of business would be...
‘Furnishing of inaccurate particulars of Income’ is different from ‘Concealment of Income’ for the purpose of sec. 271(i)(a): Bombay HC [Read Judgment]
In the recent ruling in CIT v. Shri Samson Perinchery, the division bench of the Bombay High Court held that ‘furnishing of inaccurate particulars of income’ is different from ‘concealment of income’...