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.
Speculation loss can be set off against delivery based profits
ITAT has no power u/s 254 (2) to re-evaluate correctness on merits of earlier decision
Even if there is no assessment u/s 143 (3), reopening u/s 147 is bad if there are no proper “reasons to believe”. AO cannot go beyond the recorded reasons
Hindustan Petroleum Corporation Limited Versus The UOI and Commissioner of Central Excise (Bombay High Court)
Recourse to the power under Section 147 cannot be sustained on a mere change of opinion
Reopening U/s. 147 not valid if there is no finding regarding failure to disclose material facts
Settlement Commission is given power U/s. 245H to reduce penalty but same need to be exercised judiciously and not arbitrarily
Shares activity treated as investment in earlier years cannot be treated as business in subsequent years if facts are the same
State Govt. PSUs do not need COD approval
Bombay High court fined NGO 40 lakh
If refund is legitimately due to assessee, mere delay should not defeat claim for refund
If Assessee already paid tax then interest can not be recovered further u/s. 234A, 234B or 234C
Allowability of depreciation on the Bombay Stock Exchange Membership Card
Section 14A submission accepted by AO can not be sent back to AO for reconsideration by tribunal
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.
