Courts: Bombay High Court
Find latest Bombay High Court judgments, orders and case laws on Income Tax, GST, Customs, Company Law, FEMA, IBC and other tax and commercial matters.
Validity of reassessment has to be decided with reference to reasons recorded while re-opening an assessment
Any disclosure made subsequent to seizure of incriminating material cannot be called voluntary u/s. 273A (1)
Speculation gain can be set off against carried forward speculation loss
High Court fumes at Income Tax Department’s recovery mania- Strictures against dept for disposing stay applications without proper reasons
Revision- A possible view not unsustainable in law cannot be revised
One Bench cannot differ from the view of another co-ordinate bench but must refer to a larger Bench
Speculative loss of earlier years can be set off against profit earned on delivery-based share trading or deemed speculative business profit
Netting of Interest receipt not allowed for Calculating deduction u/s. 80HHC: Bombay HC
Any clause in any agreement/ Article of Association restricting free transferability of shares of public companies is void and non- enforceable
Validity of S.147 reopening has to be determined based on law prevailing on date of issue of S.148 notice
Finding of fact does not call for interference in an appeal under section 260A – HC Bombay
S. 263 Commissioner cannot revise a order when AO took a possible view
Debtor not entitled to withhold payment of amount due under a decree on pretext that it has to be deducted as TDS
TDS U/s. 194C not applicable on contract for sale: Bombay HC
Bombay High Court judgments and orders form an important body of Indian tax, corporate and commercial jurisprudence. This TaxGuru page compiles Bombay High Court case laws concerning Income Tax, GST, Customs, Company Law, FEMA, insolvency, banking, labour and employment, reassessment, penalties and other legal matters. Taxpayers, companies, Chartered Accountants, advocates and other professionals can use this collection to research important judicial precedents and follow developments affecting taxation and business law. TaxGuru brings together recent and significant earlier Bombay High Court decisions with case summaries, analysis and important legal principles. The page provides a convenient resource for locating judgments and understanding how the Court has interpreted statutory provisions and addressed significant tax, corporate, commercial and regulatory disputes.
