Bombay High Court directs firm to pursue tax assessment remedies, declining to quash search notices over factual disputes
In our view, the Assessing Officer grossly erred in doing so. The Assessing Officer ignored the fact that the said amount was not debt payable by the Assessee but the same was debt receivable by it. Therefore, the amount did not represent liability of the Assessee but in fact was its asset.
Bombay High Court held that revocation of courier licence justified on account of non-compliance with the obligations under Regulations 13(a), 13(i), and 13(g) of the Courier Imports And Exports (Clearance) Regulations, 1998. Accordingly, writ petition dismissed.
Therefore, the amount distributed by it to the Petitioner would not qualify as exempt dividend income under Section 10(34) of the Act. This to our mind would be merely a “change of opinion”.
Bombay High Court rejects Revenue’s appeal against Tata Chemicals Ltd for AY 2000-01, citing consistent rulings on advertisement, VRS, and project expenditure.
Bombay High Court ruled that adjudicating authorities must apply independent thought and consider all submissions, not merely copy-paste from show cause notices.
The Bombay High Court dismissed a tax appeal in PCIT vs. Hans Chemicals, reaffirming that revised CBDT monetary limits apply to pending cases, leading to disposal.
Bombay High Court orders ₹19.44 lakh reward for Darshan Singh Parmar, an informant whose tips led to significant tax recoveries, after a decade-long battle with the Sales Tax Department.
Delhi High Court quashes CIT order, condoning delay in e-verifying Form 10B for Kotak Family Foundation, emphasizing justice over technicality in tax exemptions.
The issue involved in the present appeal is that whether an incentive received in sales tax liability under a Scheme formulated by the State Government would be on capital account, exempt to taxation, or on revenue account, liable for taxation.
