FGP Ltd vs. CIT (Bombay High Court)

Related Judgements

1. CIT vs. Vardhaman Polytex (P & H High Court) (Full Bench) 

   (i) In considering whether the interest paid by an assessee on loans raised for acquisition of new asset, before the same was first put to use, is to be added towards the cost of the asset or the same is … CIT vs. Vardhaman Polytex (P & H…

2. Jamna Auto Industries vs. CIT (P & H High Court) (Full Bench) 

   While damages or penalty which are compensatory in nature are allowable as a deduction u/s 37(1) of the Act, damages which are penal in nature and in respect of infraction of law are not allowable as a business expenditure. Amounts … Jamna Auto Industries vs. CIT (P &…

3. CIT vs. Saumya Leasing (Bombay High Court) 

   Deduction under section 80M can be claimed even in respect of the interim dividend declared for the succeeding financial year before the due date.

4. Peninsula Land vs. CIT (Bombay High Court) 

   An order passed by the AO to give consequential effect to an appeallate order of an earlier year is not an order passed under section 154 and consequently the time limit of section 154(7) does not apply. Read more ›

5. CIT vs. Eicher Ltd (Delhi High Court) 

   Non-compete compensation paid to an employee for an indefinite period is business expenditure and not capital expenditure as no capital asset or benefit of enduring benefit came into existence. While the lenght of the period of the covenant is important, it is not decisive. What is more important is…