Bombay High Court
Bombay High Court, Bombay HC, Mumbai High Court, High Court of Bombay
![Activity of Publishing Newspapers and Periodicals cannot be treated as ‘Charitable Purpose’: Bombay HC [Read Judgment]](https://www.taxscan.in/wp-content/uploads/2017/08/Newspaper-and-Periodicals.jpg "Activity of Publishing Newspapers and Periodicals cannot be treated as ‘Charitable Purpose’: Bombay HC [Read Judgment]")
Activity of Publishing Newspapers and Periodicals cannot be treated as ‘Charitable Purpose’: Bombay HC [Read Judgment]
A division bench of the Bombay High Court in Trustee of Saurashtra Trust v. DIT (E) denied Income Tax exemption to a Trust publishing newspapers and...
![Designing Charges & Tooling Cost Reimbursed by the Customers is part of ‘Sales Turnover’ under Bombay Sales Tax Act: Bombay HC [Read Judgment]](https://www.taxscan.in/wp-content/uploads/2017/08/Sales-Turnover.jpg "Designing Charges & Tooling Cost Reimbursed by the Customers is part of ‘Sales Turnover’ under Bombay Sales Tax Act: Bombay HC [Read Judgment]")
![No TDS on Payments made for providing SMS Services: Bombay HC [Read Order]](https://www.taxscan.in/wp-content/uploads/2017/08/SMS-Services.jpg "No TDS on Payments made for providing SMS Services: Bombay HC [Read Order]")
Revaluation of Satellite Rights of Partnership Firm not amount to Capital Gain on Converting into a Company: Bombay HC [Read Order]
When a partnership Firm is converted into a Company, revaluation of the satellite rights by the partnership firm would not attract any capital gain, a division bench of the Bombay High Court said....
![Revaluation of Satellite Rights of Partnership Firm not amount to Capital Gain on Converting into a Company: Bombay HC [Read Order]](https://www.taxscan.in/wp-content/uploads/2016/06/Bombay-High-Court-2-Tax-Scan.jpg "Revaluation of Satellite Rights of Partnership Firm not amount to Capital Gain on Converting into a Company: Bombay HC [Read Order]")
No Addition can be made in respect of Unutilized Cenvat Credit to Closing Stock: Bombay HC [Read Order]
Upholding the Tribunal order deleting addition in respect of unutilized Cenvat credit to closing stock, a division bench of the Bombay High Court held that irrespective of the method of accounting...
![No Addition can be made in respect of Unutilized Cenvat Credit to Closing Stock: Bombay HC [Read Order]](https://www.taxscan.in/wp-content/uploads/2017/04/Share-Trading.jpg "No Addition can be made in respect of Unutilized Cenvat Credit to Closing Stock: Bombay HC [Read Order]")
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...
Pre-Operative Expenses are ‘Revenue’ in Nature though It was Shown as Capital in the Books of Accounts: Bombay HC [Read Order]
A division bench of the Bombay High Court recently held that pre-operative expenses incurred by the assesse-Companies are ‘revenue’ in nature even if the same was shown as capital in the Books of...
![Pre-Operative Expenses are ‘Revenue’ in Nature though It was Shown as Capital in the Books of Accounts: Bombay HC [Read Order]](https://www.taxscan.in/wp-content/uploads/2017/07/Revenue-Expenditure-Bombay-HC-Taxscan.jpg "Pre-Operative Expenses are ‘Revenue’ in Nature though It was Shown as Capital in the Books of Accounts: Bombay HC [Read Order]")
Rental Income and Service Charges from Leasing Out Malls/Commercial Complex constitute ‘Business Income’: Bombay HC [Read Order]
In CIT Mumbai v. M/s.E-City Project Construction Pvt. Ltd, division bench of the Bombay High Court held that rental income and service charges received by the assesse from leasing out malls/commercial...
![Rental Income and Service Charges from Leasing Out Malls/Commercial Complex constitute ‘Business Income’: Bombay HC [Read Order]](https://www.taxscan.in/wp-content/uploads/2017/07/Malls-Rental-Income.jpg "Rental Income and Service Charges from Leasing Out Malls/Commercial Complex constitute ‘Business Income’: Bombay HC [Read Order]")
Tenant is Eligible for Depreciation in respect of Expenditure incurred on Leased Premise: Bombay HC [Read Order]
A division bench of the Bombay High Court in CIT v. M/s.Urban Infrastructure Venture Capital Ltd has allowed a tenants’ claim for depreciation towards capital expenditure incurred on the leased...
![Tenant is Eligible for Depreciation in respect of Expenditure incurred on Leased Premise: Bombay HC [Read Order]](https://www.taxscan.in/wp-content/uploads/2017/07/Leasing.jpg "Tenant is Eligible for Depreciation in respect of Expenditure incurred on Leased Premise: Bombay HC [Read Order]")