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![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]")
No TDS on Payments made for providing SMS Services: Bombay HC [Read Order]
In recent decision, the division bench of Bombay High Court held that, there is no Tax Deduction at Source (TDS) liability on payment for providing...
![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]")
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]")
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]")
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]")