Interest on Borrowed Funds for Shares in Appellant’s Companies Ineligible for Deduction: Bombay High Court The Bombay High Court has ruled that interest paid on borrowed funds for investing in shares...
Bombay High Court States HSBC Bank, Having Bona Fide Banking Business in Mauritius, is Exempt From Tax Under DTAA The Assessing Officer had refused to accept the assessee's claim that the interest...
Bombay High Court Affirms Tribunal's Decision To Reduce Penalty On Jaipur IPL Cricket The Mumbai Zonal Office of the ED had initiated inquiries into irregularities in the Indian Premier League...
Bombay High Court Upholds Validity Of Amendment To Finance Act; Rejects Serum Institute’s plea The bench advised that matters of economic policy should be left to the wisdom of the legislature ...
Bombay High Court Stays Rs.32.39 Crores IT Demand Notice To PayPal The matter has been posted for hearing on 8 January 2024 The Bombay High Court has stayed an Income Tax (IT) demand and penalty...
Bombay High Court: Arbitration Award Amount Received By Retiring Partner For Relinquishing Claim In Firm Not Taxable That’s because it does not fall within the scope of ‘capital gains’ The...
Bombay High Court Cautions Tax Officers against Delays in Serving Assessment Orders on Taxpayers Expects the Central Board of Direct Taxes to apprise officials to act perceptively The Bombay...
Bombay High Court: Fees Paid to Clubs for Corporate Membership Meant Solely for Business is Revenue In Nature States that it was a pure business expense, hence, deductions were allowable under...
Assessee Entitled to DTVSV Act Benefit During Pendency of Prosecution Not Involving Tax Arrears: Bombay High Court The petitioner challenged the order pending before the Income Tax Appellate...
Bombay High Court rules in favor of Cummins India in Transfer Pricing Dispute The TPO made an upward adjustment to the value of the international transaction concerning royalty payment on export...
Bombay High Court: Mere Delay in Filing Return Should Not Defeat Refund Claim of Taxpayer if Legitimately Due to Him The Bombay High Court has avowed that a mere delay in filing a tax return should...
Bombay High Court: Capital Gains Cannot be Added as Unexplained Cash Credit under Section 68 of Income Tax Act, 1961 The Bombay High Court has observed that capital gains cannot be added as...
