Bombay High Court rules that interest paid on loans taken to invest in shares of a subsidiary in normal business activities is allowable expenditure under the Income Tax Act.
Uncover the Bombay High Court’s stance on reassessment based on change of opinion in the Mira Bhavin Mehta Vs ITO case. Key insights and legal implications.
Bombay High Court quashes reassessment notice against Kartik Gandhi for AY 2019-20, highlighting issues with Section 148 and 151 approvals.
Explore the legal distinction between willful tax evasion under Section 276C(2) and mere failure to pay, including judicial insights and case analysis.
Bombay High Court ruled that voluntary deposits under Sec 73(5) of CGST Act can be considered as mandatory pre-deposits for appeals. Details of Chetankumar Jasraj Palgota HUF Vs State of Maharashtra case.
Bombay High Court grants provisional release of premium cold coffee, criticizes discriminatory treatment by Customs, directs acceptance of bank guarantee.
Bombay High Court grants interim relief to Mercedes Benz India in the ongoing dispute over GST on expatriate salaries, pending further proceedings.
Bombay High Court ruled AO can’t reopen assessment due to oversight. Emkay Global Financial Services Limited Vs ACIT details.
Bombay High Court quashes CGST order, mandates personal hearing under Section 75(4). Detailed analysis of the case and implications.
Bombay High Court allows income tax deduction for excise duty claims, clarifying it doesn’t lead to double deduction. Key details and implications explained.
