Search Results for "Business Income"

9 result(s) found

Scroll Down To Discover

Found 9 result(s)

© Image Copyrights Juris Services & Technology

SC Restores Compensation for Accident Victims’ Legal Heirs. Mere continuation of a business by dependents does not justify reduction in compensation, rules Supreme Court.

The Supreme Court of India reinstated the compensation awarded by the Motor Accidents Claims Tribunal (MACT) to the appellants, reversing the reductio...

© Image Copyrights Juris Services & Technology

Income Tax Assessment of Rental Income for Leasing Companies: A Judicial Review. Evaluating the Taxable Nature of Leasing Income: Business Gains or House Property Income?

The Bombay High Court evaluated whether rental income from leasing properties should be classified as "Income from House Property" or "Income from Bus...

© Image Copyrights Juris Services & Technology

Joint Family Property Dispute: High Court Reaffirms Plaintiff's Half-Share in Suit Properties. Nagpur Bench of Bombay High Court Delivers Key Judgment in Complex Property Partition Case.

The Nagpur Bench of the Bombay High Court reaffirmed the plaintiff's entitlement to a half-share in the suit properties, overturning the Trial Court's...

© Image Copyrights Juris Services & Technology

Supreme Court Allows Appeal in Income Tax Deduction Case for Pharmaceutical Freebies. Expenses on Gifting Freebies to Medical Practitioners Are Deductible Under Section 37(1) of Income Tax Act, 1961, as Indian Medical Council Regulations Only Prohibit Acceptance, Not Gifting, Under Explanation 1.

The dispute involved a pharmaceutical company, referred to as Apex, appealing against a High Court judgment that upheld orders disallowing part of its...

© Image Copyrights Juris Services & Technology

Supreme Court Dismisses Assessee's Appeal in Income Tax Deduction Case Under Section 43B Explanation 3C. Interest Converted into Debentures Not Deemed Actually Paid as Per Retrospective Amendment, Disallowing Deduction Under Income Tax Act, 1961.

The dispute arose from an appeal by M.M. Aqua Technologies Ltd. against the Commissioner of Income Tax, Delhi-III, concerning the interpretation of Se...

© Image Copyrights Juris Services & Technology

Supreme Court Dismisses Revenue's Appeal in Income Tax Deduction Case Under Section 80-IA. Deduction Under Section 80-IA of Income Tax Act, 1961 is Allowed Against Gross Total Income, Not Restricted to Business Income Only, Based on Interpretation of Sections 80AB and 80-IA(5).

The dispute arose from the assessment year 2002-03 involving the Commissioner of Income Tax as appellant and M/s. Reliance Energy Ltd. as respondent. ...