Bombay High Court
Bombay High Court, Bombay HC, Mumbai High Court, High Court of Bombay
![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]")
Disallowance of Interest u/s 14A should be made with reference to Net Interest Loan, not on Gross Interest: Bombay HC [Read Judgment]
In CIT v. Jubiliant Enterprises Pvt. Ltd, the division bench of the Bombay High Court confirmed that the disallowance of interest under Section 14A of...
![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]")
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Appeal Voluntarily withdrawn by the Assessee cannot be restored by stating that Withdrawal was an Error: Bombay HC [Read Order]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D. Sanghavi vs. ITAT & Ors, the division bench of the Bombay High Court rejected a plea that the appeal was mistakenly withdrawn on the advice of Counsel and that the same...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...
![Interest Earned Out of Bank FDs before the Commencement of Business is Business Income of a Company: Bombay HC [Read Order]](https://www.taxscan.in/wp-content/uploads/2016/06/Bombay-High-Court-Tax-Scan.jpg "Interest Earned Out of Bank FDs before the Commencement of Business is Business Income of a Company: Bombay HC [Read Order]")
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’...
Delay in passing orders within the Statutory Time Limit cannot be justified on Ground of ‘Administrative Clearance’: Bombay HC [Read Order]
In a recent ruling, the division bench of the Bombay High Court quashed the order of the ITAT passed with a delay of more than 90 days and held that the delay cannot be justified on ground of...