High Courts Archive

Expenses prior to setting up or running of business are capital in nature-High Court

Author: | Categories: High Courts, Income Tax, Judgments No comments
Expenses prior to setting up or running of business are capital in nature-High Court upheld ITAT order allowing capitalisation of pre-operative expenses ABCAUS Case Law Citation: ABCAUS 2217 (2018) (02) HC The case law involves the appeal filed by the Income Tax Department (Revenue) against the order of the

 

Lease equalization charges are deductible in computing book profit-High Court

Author: | Categories: High Courts, Income Tax, Judgments No comments
Lease equalization charges are deductible in computing book profit. Provisions for NPA are also not need to be added back-High Court ABCAUS Case Law Citation: ABCAUS 2216 (2018) (02) HC The Challenge/Grievance: The case law involves the appeal filed by the Income Tax Department (Revenue) against the order of

 

Activities of animal care is advancement of object of general public utility u/s 2(15)-High Court

Author: | Categories: High Courts, Income Tax, Judgments No comments
Activities of animal care is advancement of object of general public utility. Society was entitled to benefit of Section 80G as amount spent was less than Rs. 10 lacs – High Court ABCAUS Case Law Citation: ABCAUS 2215 (2018) (02) HC The Challenge/Grievance: The case law involves the appeal

 

Voluntary surrender of income no defence for concealment penalty u/s 271(1)(c) – High Court

Author: | Categories: High Courts, Income Tax, Judgments No comments
Voluntary surrender of income no defence for concealment penalty u/s 271(1)(c) unless explanation offered is found bona fide and all material facts are disclosed-High Court ABCAUS Case Law Citation: ABCAUS 2212 (2018) (02) HC The Challenge/Grievance: The present judgment involves the appeal filed by the Income Tax Department (Revenue)

 

Excessive expenses on Magazine and Journals by 5-Star hotel-High Court remands the issue to Tribunal for fresh findings

Author: | Categories: High Courts, Income Tax, Judgments No comments
Excessive expenses on Magazine and Journals by 5-Star hotel. High Court remands the issue to Tribunal for fresh findings on nature of publications, their use per rooms etc. ABCAUS Case Law Citation: ABCAUS 2210 (2018) (02) HC The Challenge/Grievance: The present judgment involves the appeal filed by the Income

 

Providing mid day meals to students is charitable activity as general public utility u/s 2(15)-High Court

Author: | Categories: High Courts, Income Tax, Judgments No comments
Providing mid day meals to students is charitable activity as general public utility u/s 2(15)-High Court uphelds ITAT order directing registration u/s 12AA  ABCAUS Case Law Citation: ABCAUS 2209 (2018) (02) HC The Challenge/Grievance: The Revenue had filed the appeal under Section 260-A of the Income Tax Act, 1961

 

CESTAT erred in granting Cenvat Credit on Boiler Structure on the basis of CBEC Circular-High Court

CESTAT erred in granting Cenvat Credit on Boiler Structure on the basis of CBEC Circular-High Court  ABCAUS Case Law Citation: ABCAUS 2208 (2018) (02) HC The Commissioner Central Excise (Revenue) had filed an appeal under Section 35-G of Central Excise Act, 1944 read with Section 174 of Central Goods