Bombay High Court
Bombay High Court, Bombay HC, Mumbai High Court, High Court of Bombay
![Expenditure towards Payment of Guarantee Commission to Bank is Revenue Expenditure: Bombay HC [Read Order]](https://www.taxscan.in/wp-content/uploads/2017/07/Revenue-Expenditure-Bombay-HC-Taxscan.jpg "Expenditure towards Payment of Guarantee Commission to Bank is Revenue Expenditure: Bombay HC [Read Order]")
Expenditure towards Payment of Guarantee Commission to Bank is Revenue Expenditure: Bombay HC [Read Order]
The Bombay High Court in Bajaj Tempo Ltd. Pune v. CIT, held that the guarantee commission paid to the bankers for securing timely repayment of credit...
![TDS not Applicable to ‘Octroi’ Collected by Municipal Corporations through its Agents: Bombay HC [Read Judgment]](https://www.taxscan.in/wp-content/uploads/2016/09/Tax-dedution-at-source-TDS-Tax-Scan.jpg "TDS not Applicable to ‘Octroi’ Collected by Municipal Corporations through its Agents: Bombay HC [Read Judgment]")
HC cannot Entertain an Appeal wherein ‘Rate of Duty’ or ‘Value of Goods’ is Disputed: Bombay HC [Read Judgment]
While dismissing an appeal filed by the Commissioner of Central Excise & Service Tax, Kolhapur, a division bench of the Bombay High Court observed that in view of Section 35G of the Central Excise...
Share Transaction cannot be treated as Bogus when Assessee produced all Relevant Documents but Parties are not Traceable: Bombay HC [Read Judgment]
In CIT v. M/s. Orchid Industries Pvt. Ltd, a division bench of the Bombay High Court held that share transactions cannot be treated as bogus under section 68 of the Income Tax Act when Assessee...
![Share Transaction cannot be treated as Bogus when Assessee produced all Relevant Documents but Parties are not Traceable: Bombay HC [Read Judgment]](https://www.taxscan.in/wp-content/uploads/2016/06/Sale-of-Shares-Tax-Scan.jpg "Share Transaction cannot be treated as Bogus when Assessee produced all Relevant Documents but Parties are not Traceable: Bombay HC [Read Judgment]")
No Interest for the Period of Delay in Supplying Copies of Documents to Assessee: Bombay HC [Read Judgment]
A division bench of the Bombay High Court in Mahavir Manakchand Bhansali v. CIT held that Interest cannot be charged for the period of delay in supplying copies of accounts and relevant record and...
![No Interest for the Period of Delay in Supplying Copies of Documents to Assessee: Bombay HC [Read Judgment]](https://www.taxscan.in/wp-content/uploads/2017/05/Interest-Taxscan.jpg "No Interest for the Period of Delay in Supplying Copies of Documents to Assessee: Bombay HC [Read Judgment]")
Cash Payments made in a Village which does not have Banking Facility are not allowable as Expenditure unless Genuineness of Same is proved: Bombay HC [Read Judgment]
Recently in Ellora Paper Mills Ltd v. CIT, the Bombay High Court held that the assessee cannot avail the benefit of Section 40A(3) of the Income Tax Act in respect of Cash payments made in a Village...
![Cash Payments made in a Village which does not have Banking Facility are not allowable as Expenditure unless Genuineness of Same is proved: Bombay HC [Read Judgment]](https://www.taxscan.in/wp-content/uploads/2017/03/Cash-Transaction-Limit.jpg "Cash Payments made in a Village which does not have Banking Facility are not allowable as Expenditure unless Genuineness of Same is proved: Bombay HC [Read Judgment]")
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...
Amount of Interest must be Excluded while Determining Penalty u/s 221 of the IT Act: Bombay HC [Read Judgment]
In CIT v. M/s. Oryx Finance and Investment Pvt. Ltd, a division bench of the Bombay High Court held that the phraseology “tax in arrears” as envisaged in Sec.221 of the Act would not include interest...