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Bombay High Court

Latest Posts in Bombay High Court

Refund of unutilized credit due to zero-rated supply includes compensation cess

March 15, 2025 210 Views 0 comment Print

Bombay High Court held that registered person making a zero rated supply under LUT may claim refund of unutilized credit including that of Compensation Cess. Accordingly, refund of compensation cess granted and appeal is accordingly allowed.

HC Directs Reopening of Portal to File Revised Return, Condones Delay to Prevent Undue Tax Liability

March 14, 2025 336 Views 0 comment Print

Bombay High Court permits K.S. Bilawala to file a revised tax return, ruling that “genuine hardship” under Section 119(2)(b) of the IT Act should be interpreted liberally.

Bombay HC voids reassessment notice for lack of proof of undisclosed material

March 14, 2025 132 Views 0 comment Print

Bombay HC voids reassessment notice, citing lack of proof of undisclosed material facts by Hindustan Lever Ltd.

Initiation of reassessment u/s. 147 based on search action instead of 153A/153C is untenable

March 11, 2025 633 Views 0 comment Print

Bombay High Court held that once search action u/s. 132 of the Income Tax Act is the foundation of the case, assessment could be initiated only under section 153A/ 153C. Thus, initiation of reassessment proceedings u/s. 147 is liable to be quashed.

Bombay HC Directs Income Tax Dept to Review Seized Gold Case

March 11, 2025 288 Views 0 comment Print

Bombay HC directs IT Dept to review H.K. Jewels’ plea on seized gold, citing Section 132(1)(iii) of the IT Act. Petitioners granted time to file representations.

Issues already examined in revision proceedings cannot be re-agitated in reassessment

March 11, 2025 651 Views 0 comment Print

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 compounding plea rejection despite 36 month delay

March 11, 2025 252 Views 0 comment Print

Bombay HC sets aside IT department’s rejection of a compounding plea due to delay, directing a reconsideration per Supreme Court precedents.

Reopening Invalid If Reopening Grounds were discussed in Original Assessment: Bombay HC

March 11, 2025 165 Views 1 comment Print

Bombay HC quashes Indusind Media’s reassessment, citing change of opinion and lack of double deduction proof, ruling in favor of the taxpayer.

Extraordinary jurisdiction of HC cannot be invoked solely to avoid pre-deposit obligations

March 11, 2025 66 Views 0 comment Print

Bombay HC rejects review petition by Supreme Construction, upholds pre-deposit for appeal, and imposes costs for non-compliance.

Bogus Purchases: Bombay HC upholds 100% of addition under Section 69C

March 11, 2025 6081 Views 0 comment Print

Bombay HC affirms 100% addition under S. 69C for unproven purchases, reversing tribunal’s 12.5% estimation. Details on the ruling.

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