Bombay High Court sets aside non-bailable warrant against actor Arjun Rampal in an Income Tax Act case, citing the bailable nature of the offence and lack of reasoned order.
Bombay High Court rules Section 14A disallowance cannot exceed actual exempt income, upholding Tribunal decision against Revenue in HSBC Invest Direct case.
Bombay High Court dismissed PCIT’s appeal against Manugraph India Ltd., affirming lower interest rates on AE loans and corporate guarantees based on established precedent from Everest Kanto Cyliners Ltd.
Department replied on 29 November 2018, and assessee kept following up for the refund with interest. But no further response came. Revenue rejected the refund, saying the 2018 reply was not a valid order under the Act.
Bombay High Court rules cash credit accounts cannot be provisionally attached under MGST Act Section 83, citing they are not taxpayer property.
The company had sought a NIL tax deduction certificate under Section 195, arguing that the payments did not constitute royalty either under domestic tax law or the DTAA, and that Intelsat had no permanent establishment (PE) in India.
Bombay High Court quashes Income Tax Department’s search and seizure on Balkrushna Buty, citing lack of reason to believe mandated by Section 132 of IT Act.
Bombay High Court dismisses revenue’s appeal, affirming no Section 14A disallowance if no exempt income is received or receivable, citing the Delhi High Court’s Cheminvest Ltd. ruling upheld by the Supreme Court.
Bombay High Court upholds ITAT ruling, stating Section 14A disallowance and Section 115JB adjustment for exempt income are not applicable if no exempt income is earned.
Bombay High Court overturns income tax reassessment notice for NuPower Renewables, citing no new information and prior scrutiny of share capital.
