BOM HC: Reaffirms “Profit Element Only” Principle In Bogus Purchase Cases

GUJ HC: Can You Switch Depreciation Method In A Revised Return?

MAD HC: Telescoping Without Explaining Source Not Permissible

DEL HC: Loan Raising Expenditure For Repaying Liabilities & Statutory Dues Allowable; Cannot Question Assessee’s Commercial Expediency

MAD HC: Judgment In The Case Of M/S PVP Corporate Parks Pvt. Ltd.

DEL HC: HC: Share Buy-Back Is Capital Reduction, Not Acquisition Of Assets; Not Taxable U/S 56(2)(X)

GUJ HC: Sale Consideration On Assignment Of SelfGenerated Trademarks Not Taxable As Capital Asset

MAD HC: Confirms Trust's Registration Cancellation For Abuse Of Funds, But Clarifies Retrospective Effect Impermissible

TEL HC: Holds That Section 142A Cannot Be Used To Reopen Completed Assessments

BOM HC: Quashes Fresh Notices Issued To Reopen Completed Assessments U/S 170A(2)(A)

MAD HC: Quashes Excess Depreciation Disallowance On Genuine Cinematographic Film Sale-Leaseback Transactions; Suspicion Alone Insufficient

BOM HC: Assessee Entitled To New-Tax Regime Benefits U/S 115BBA Despite 13 Days Delay In Filing Form 10IC; Substantive Right Prevails Over Procedural Requirement

MAD HC: Order Wherein Findings/Reasons Are Not Supported By Documents/Data On Record Is Liable To Be Set Aside And Remitted Back To The Lower Authorities

GUJ HC: Proceedings U/s 148 Of The Act Cannot Be Initiated To Review The Earlier Stand Adopted By The Assessing Officer In The Scrutiny Assessment Order

BOM HC: Condones 430 Days Bonafide Delay In Filing Form No. 10 Sans Statutory Time Limit; Adopts Liberal & Justice Oriented Approach

BOM HC: Periodic Payments Do Not Convert Developer Into Contractor To Deny Deduction U/S 80-IA For Infrastructure Projects

BOM HC: Quashes rejection of Sec. 12AB approvals over 'irrevocability' clause

DEL HC: Where Interest Accrues On Temporarily Parked Project Funds With A Direct Nexus To Project Setup, It Partakes The Character Of A NonTaxable Capital Receipt

MAD HC: Where Machinery Replacement Confers Long-Term Benefits, The Expenditure Is Capital In Nature

KER HC: Vacates Attachment On Properties Citing Statutory Period Of 7 Years For Sale Having Elapsed Under Rule 68B(4)