HC upheld stamp duty adjudication based on true market value at execution. Sale permission for non-agricultural use led to different value, supporting Collector’s decision.
Bombay HC in Hindustan Export & Import Corporation Private Limited Vs DCIT held that sharing newspaper cuttings alone did not meet criteria for sharing commercial expertise under Section 80-0 of Income Tax Act, 1961.
Arrest Is A Serious Matter And Cannot Be Made Routine Manner On Mere Allegation of CGST Act violations: Bombay HC in Mahesh Gala vs Union of India & Ors in Criminal Writ Petition No. 938 of 2024
Bombay High Court ruling states that capital gain tax is not applicable on the transfer of shares as a gift. Detailed analysis and judgment explanation provided.
Bombay High Court grants petition, orders JCIT to provide copy of exemption certificate under Section 12A of Income Tax Act to Sai Baba Sewa Mandal.
Bombay High Court ruling establishes lender bank’s priority over Deputy Commissioner of Sales Tax (GST) in SARFAESI Act enforcement, securing marketable title. Read the judgment.
Bhatewara Associates challenged an assessment order, leading to a High Court ruling cautioning against over analysis by tax authorities, emphasizing timely justice. Read the full judgment here.
Impugned order and notice indicated that sanctioning authority was PCIT. However, since issuance date of both documents was beyond three years from relevant assessment year, Section 151(ii) of Act mandated that sanctioning authority should have been PCCIT.
In case of Balaji Mines And Minerals Pvt Ltd vs ACIT, Bombay High Court ruled that reassessment cannot be based solely on reasons borrowed from other departments or reports, such as Justice M.B. Shah Commission Report.
In Nimir Kishore Mehta Vs ACIT, Bombay High Court invalidates notice & order under Section 148A(b), ruling AO lacked jurisdiction. Details & analysis here.
