Bombay High Court quashes show cause notice by CGST & Central Excise after 10 years. Learn about Coventry Estates case, delay issues, and legal analysis.
The Applicant, Mohammad Nawab Mohammad Islam Malik, NCP Leader and Minister arrested for committing offence under the Prevention of Money Laundering Act, 2002 (PMLA) on 23.02.2023
This article analyzes how Section 153’s time limit prevails over Section 144C’s assessment time limit, based on the case of Shelf Drilling Ron Tappmeyer Limited Vs ACIT in Bombay High Court.
Read the full judgment of JEM Exporter vs. Union of India case where Bombay High Court directs issuance of a defect memo to rectify GST procedural errors before filing an appeal.
Insights on the JEM Exporter vs Union of India case, where the Bombay HC overturned the denial of input tax credit due to procedural errors.
Bombay High Court held that initiation of reassessment proceedings u/s 147 after the expiry of 4 years from the end of the relevant assessment years without failure on the part of the assessee to disclose fully and truly all the material facts unsustainable and liable to be quashed.
In present facts of the case, the Hon’ble High Court granted refund to the petitioner along with Interest from year 1988 for the cash which was seized without any corroboration and the said cash was also duly reflected in Income Tax Returns.
The Bombay High Court upheld the income tax deduction under Section 80IA(4)(iii) for an Industrial Park project. The court considered the approval granted by the Ministry of Commerce and Industry and rejected the AO’s disallowance based on an erroneous report.
The petitioner would not have delayed the return as it was entitled for a refund. Cause of justice should not be defeated for technicalities.
Bombay HC sets aside tax refund rejection of Wallem Shipmanagement. Court cites COVID-19 disruptions and upholds principles of natural justice
