Bombay High Court quashes reassessment notice under Section 148, holding that revisited issues from Section 263 proceedings cannot form the basis for reopening cases.
Bombay HC sets aside IT department’s rejection of a compounding plea due to delay, directing a reconsideration per Supreme Court precedents.
ITAT Mumbai quashes reassessment against CLE Private Limited, ruling notice issued beyond TOLA’s limitation period is invalid.
Bombay HC quashes Indusind Media’s reassessment, citing change of opinion and lack of double deduction proof, ruling in favor of the taxpayer.
Bombay HC rejects review petition by Supreme Construction, upholds pre-deposit for appeal, and imposes costs for non-compliance.
Telangana HC overturns CBDT’s refusal to reassess Satyam’s tax after fraud, citing genuine hardship and unlawful tax collection.
Bombay HC affirms 100% addition under S. 69C for unproven purchases, reversing tribunal’s 12.5% estimation. Details on the ruling.
Learn about the Bombay High Court’s decision in Crystal Pride Developers vs ACIT regarding reassessment beyond 4 years under Section 147 of the IT Act, emphasizing the necessity of disclosing material facts. Understand the legal implications and judicial precedents involved.
Bombay HC rules in favor of Nicholas Piramal, allowing community development expenses as business deductions under the Income Tax Act. Appeal by Revenue dismissed.
Gujarat AAAR remands GST ruling on Devendra Kantibhai Patel’s consultancy services to R&B Dept. for fresh review with new project details.
