The Income Tax Appellate Tribunal (ITAT), Mumbai, has allowed Shree Sai Constructions’ appeal, setting aside a Rs.6.04 Cr capital gains addition.
Court dismisses appeals focused solely on profit estimation, stating it does not involve a substantial question of law required for admission.
Bombay High Court rules that profit estimation in bogus purchases does not raise a substantial question of law, dismissing the Income Tax Department’s appeal.
Bombay High Court restores GST appeal for Y. M. Motors Pvt. Ltd., rejecting technical dismissal, and remands the matter for reconsideration on merits.
Bombay High Court halts further action on anti-profiteering reinvestigation notice issued to Vital Developers Pvt. Ltd. until the petition’s final disposal.
Bombay HC waives sales tax arrears below 2 lakhs per the Maharashtra Settlement Act, 2023, clarifying future references exceeding this amount.
ITAT Mumbai removes penalty imposed on Sunil Bhagwandas Vorani (HUF) as addition was made on estimation basis, not due to concealment.
Bombay High Court overturns MVAT on vehicle registration, handling, and insurance charges in Chavan Motors Division India Pvt. Ltd. vs State of Maharashtra.
ITAT Mumbai affirms 12.5% profit addition confirmed by NFAC in ITO Vs Rajesh Amulakhrai Sanghvi case for AY 2009-10. Detailed analysis of the order and its implications.
Read the full text of the Bombay High Court’s order directing the deposit of an Income Tax refund amount with Prothonotary and Senior Master. Get insights into the case between PCIT and Shahaji Bhad.
