https://www.taxtmi.com/caselaws?id=765697 The Bombay HC ruled on tax authority jurisdiction, financial cost classification, and transaction benchmarking. The court upheld the tribunal's decisions on book profit revisions under Section 115JB, classified foreclosure costs as capital expenditure, and maintained the original benchmarking method. Interim relief was granted, requiring a partial tax deposit and directing expedited review of the rectification application. en-us Tue, 04 Feb 2025 00:00:00 +0530 Wed, 23 Apr 2025 18:10:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=765697 The Bombay HC ruled on tax authority jurisdiction, financial cost classification, and transaction benchmarking. The court upheld the tribunal's decisions on book profit revisions under Section 115JB, classified foreclosure costs as capital expenditure, and maintained the original benchmarking method. Interim relief was granted, requiring a partial tax deposit and directing expedited review of the rectification application. Case-Laws Income Tax Tue, 04 Feb 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=765697