Bombay HC sets aside IT department’s rejection of a compounding plea due to delay, directing a reconsideration per Supreme Court precedents.
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.
The Calcutta High Court stayed coercive action against R.K. Enterprise, citing Section 6(2)(b) of the CGST/WBGST Act, prohibiting parallel tax proceedings.
Calcutta High Court held that gratuity doesn’t form part of liquidation estate. Hence, entire dues of workers would not come under liquidation assets. Thus, writ dismissed and order directing payment of gratuity upheld.
Delhi High Court held that in view of Section 35L of the Central Excise Tax as the question of law involved is regarding the taxability of the service, the appeal would lie to the Supreme Court and before High Court. Thus, the present appeal is rejected.
