Begin typing your search above and press return to search.
![A sub-contractor is not Entitled to Weighted Deduction provided u/s 35B of the Income Tax Act: Bombay HC [Read Judgment] A sub-contractor is not Entitled to Weighted Deduction provided u/s 35B of the Income Tax Act: Bombay HC [Read Judgment]](https://www.taxscan.in/wp-content/uploads/2016/06/Bombay-High-Court-Tax-Scan.jpg)
A sub-contractor is not Entitled to Weighted Deduction provided u/s 35B of the Income Tax Act: Bombay HC [Read Judgment]
While upholding the decision of the Appellate Tribunal, the division bench of the Bombay High Court recently ruled that,a subcontractor, who did not...



![Deduction under Sec 80O of the Income Tax Act is allowable on the Net Basis, Not on Gross Receipts: Bombay HC [Read Judgment] Deduction under Sec 80O of the Income Tax Act is allowable on the Net Basis, Not on Gross Receipts: Bombay HC [Read Judgment]](https://www.taxscan.in/wp-content/uploads/2016/06/Bombay-High-Court-2-Tax-Scan.jpg)
![Foreign Exchange Contract forward loss are Revenue Loss: Bombay HC [Read Judgment] Foreign Exchange Contract forward loss are Revenue Loss: Bombay HC [Read Judgment]](https://www.taxscan.in/wp-content/uploads/2016/08/Foreign-Exchange.jpg)
![Expenditure on Issue of Shares to Indian Public is not Eligible for Deduction: Bombay HC [Read Judgment] Expenditure on Issue of Shares to Indian Public is not Eligible for Deduction: Bombay HC [Read Judgment]](https://www.taxscan.in/wp-content/uploads/2016/07/Shares-TaxScan.jpg)
![Service Tax billed on rendering of Service is not ‘trading receipts’, not subject to Income Tax: Bombay HC [Read Judgment] Service Tax billed on rendering of Service is not ‘trading receipts’, not subject to Income Tax: Bombay HC [Read Judgment]](https://www.taxscan.in/wp-content/uploads/2016/08/Service-Tax-Taxscan.jpg)