![AO Cannot Go Beyond Net Profit in P&L Except as Permitted under Explanation to Section 115J: Bombay HC in Mahindra Case [Read Order]](https://images.taxscan.in/h-upload/2025/08/18/500x300_2078071-ao-beyond-net-profit-pl-except-explanation-section-115j-bombay-hc-mahindra-case-taxscan.webp "AO Cannot Go Beyond Net Profit in P&L Except as Permitted under Explanation to Section 115J: Bombay HC in Mahindra Case [Read Order]")
AO Cannot Go Beyond Net Profit in P&L Except as Permitted under Explanation to Section 115J: Bombay HC in Mahindra Case [Read Order]
In a recent ruling, the Bombay High Court held that an Assessing Officer cannot go beyond the net profit shown in the profit and loss account except...
![Sale of Late Mothers Flat for Multiple Residential Houses eligible for Income Tax S.54 Exemption: Bombay HC [Read Order]](https://images.taxscan.in/h-upload/2025/08/11/250x150_2075526-sale-of-late-flat-for-multiple-residential-houses-income-tax-exemption-bombay-hc-taxscan.webp "Sale of Late Mothers Flat for Multiple Residential Houses eligible for Income Tax S.54 Exemption: Bombay HC [Read Order]")
![Bombay High Court to Begin Sittings in Kolhapur from 18 August 2025 [Read Notification]](https://images.taxscan.in/h-upload/2025/08/02/250x150_2072357-bombay-high-court-bombay-hc-provisional-attachment-written-orders-taxscan.webp "Bombay High Court to Begin Sittings in Kolhapur from 18 August 2025 [Read Notification]")
![Deduction Claim on Unpaid Ad-hoc Bonus from AY 1984-85: Bombay HC Quashes ₹12L Income Tax Penalty from 2002 ITAT Order citing Plausibility [Read Order]](https://images.taxscan.in/h-upload/2025/07/14/250x150_2063729-deduction-deduction-claim-deduction-claim-on-unpaid-ad-hoc-bonus-ad-hoc-bonus-taxscan.webp "Deduction Claim on Unpaid Ad-hoc Bonus from AY 1984-85: Bombay HC Quashes ₹12L Income Tax Penalty from 2002 ITAT Order citing Plausibility [Read Order]")
![Subsidy Received by BOI from RBI Cannot be Treated as Interest Chargeable u/s 4 of Income Tax Act: Bombay HC [Read Order]](https://images.taxscan.in/h-upload/2025/06/19/250x150_2050461-boi-rbi-taxscan.webp "Subsidy Received by BOI from RBI Cannot be Treated as Interest Chargeable u/s 4 of Income Tax Act: Bombay HC [Read Order]")
![Trust amounts to Association of Person u/s 40(b) of Income Tax Act: Bombay HC [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/04/trust-site-img-1.jpg "Trust amounts to Association of Person u/s 40(b) of Income Tax Act: Bombay HC [Read Order]")
Loss of FD Investments is Capital Loss Not a 'Trading Loss': Telangana HC Upholds Disallowance of Deduction Claim u/s 28 Of Income Tax Act [Read Order]
In a significant case, the Telangana High Court has held that the loss of fixed deposit investments does not qualify as a 'trading loss' for the purposes of claiming deduction from income under...
Depreciation as Granted with Rate per Income Tax Act Must Be Deducted to Determine Accumulated Profits: Telangana HC [Read Order]
Telangana High Court in a recent case has held that for purposes of taxation,depreciation as granted with rates prescribed by Income-Tax Act, 1961 would have to be deducted for ascertaining the...
![Depreciation as Granted with Rate per Income Tax Act Must Be Deducted to Determine Accumulated Profits: Telangana HC [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/11/income-tax-Income-Tax-Depreciation-Rates-Accumulated-Profits-taxscan.jpg "Depreciation as Granted with Rate per Income Tax Act Must Be Deducted to Determine Accumulated Profits: Telangana HC [Read Order]")
Handling of Cargo in Customs Areas Regulations for which cost of living expenses recoverable from Customs Cargo Service Provider is Ultra Vires Customs Act: Telangana HC [Read Order]
In a recent decision the Telangana High Court held that Handling of Cargo in Customs Areas Regulations for which cost of living expenses recoverable from the customs cargo service provider is ultra...
![Handling of Cargo in Customs Areas Regulations for which cost of living expenses recoverable from Customs Cargo Service Provider is Ultra Vires Customs Act: Telangana HC [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/05/Telangana-High-Court-Customs-Cargo-Service-Customs-Act-Customs-Areas-Regulations-Tax-news-Taxscan.jpg "Handling of Cargo in Customs Areas Regulations for which cost of living expenses recoverable from Customs Cargo Service Provider is Ultra Vires Customs Act: Telangana HC [Read Order]")
Telangana HC upholds Jurisdiction of Revenue Division Officer to issue Occupancy Rights Certificates in 'Service Inam' Land cases [Read Order]
In a landmark decision, the Telangana High Court upheld the jurisdiction of Revenue Division Officer to issue Occupancy Rights Certificates in 'Service Inam' land cases. The Tahsildar of Hyderabad...
Courts must Pass reasoned and articulated decisions in disputes involving Computation of Due Amount under Arbitration Act: Telangana HC [Read Order]
The Telangana High Court found that the execution order under the Arbitration Act arrived cryptically and cavalierly without providing an explanation or reasoning and set aside the order. It...
