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.
Explore implications of Bombay High Court’s ruling on TDS deduction under Section 194I for ‘Transit Rent’. Get insights into judgment of Sarfaraz S. Furniturewalla Vs Afshan Sharfali Ashok Kumar & Ors.
Hexaware Technologies Limited Vs ACIT (Bombay High Court) The case of Hexaware Technologies Limited Vs ACIT, heard in the Bombay High Court, addresses significant issues surrounding reassessment proceedings under Section 148A of the Income Tax Act, 1961. This article delves into the key aspects of the case, the court’s findings, and their implications. Detailed Analysis: […]
Detailed analysis of Bombay High Court’s ruling on Hexaware Technologies Ltd vs ACIT. Invalid notice under Section 148 scrutinized. Time limitation, violation of CBDT Circular, faceless regime, jurisdictional conditions, change of opinion, and more explored.
Discover the Bombay High Court’s ruling in the case of Netcore Solutions Pvt. Ltd. vs. Union of India & Ors., where the rejection order of a refund claim was set aside due to procedural irregularities.
Explore how the Bombay High Court ruled against reopening Section 143(1) assessments without valid reasons, safeguarding taxpayers’ rights. Detailed analysis and implications.
Bombay High Court’s ruling on Cardinal Energy vs. Subramanya Construction explores the power of Arbitral Tribunals to include non-signatories to arbitration agreements.
Sunil Pran Sikand Vs ACIT (Bombay High Court) In the recent case of Sunil Pran Sikand Vs ACIT before the Bombay High Court, a crucial question arose regarding the tax treatment of income derived from subsequent development grants. This case sheds light on the intricate balance between categorizing such income as long-term capital gains or […]
