The Bombay High Court has quashed and remanded Local Body Tax (LBT) assessment orders, citing a lack of proper reasoning by the Thane Municipal Corporation.
The interest was earned from fixed deposits maintained with banks for the purpose of the business and related to the business of assessee. Interest was also earned on refund of taxes due to wrongful deduction of TDS by the customers of assessee.
Bombay High Court rules against the Income Tax Department, stating that a reassessment notice issued after 4 years is invalid without a clear allegation of the assessee’s failure to disclose material facts.
Bombay High Court held that re-assessment notice issued u/s. 148 of the Income Tax Act is bad-in-law as being violative of provisions of section 151(ii) of the Act. Accordingly, order passed u/s. 148A(d) liable to be quashed.
The Bombay High Court has dismissed a petition challenging a GST order, ruling that it was filed beyond the maximum condonable period.
The Bombay High Court directed authorities to review a sugar exporter’s claim for a refund under the RODTEP scheme, ordering a decision on the matter within three weeks.
The Bombay High Court remands a plastic toy manufacturer’s GST classification case, citing a “non-application of mind” by the appellate authority in its refund rejection.
The Bombay High Court quashed income tax notices issued to a man who died in 2016. The court ruled that tax notices and proceedings against a deceased person are non-est and void from the beginning.
The Bombay High Court has quashed a GST registration cancellation order against Manek Steel LLP, citing a lack of natural justice due to the non-disclosure of grounds.
In RCM there was no output tax liability because it was treated as exempt and, therefore, in tune with the objective of GST, credit of ITC could not be claimed in the absence of liability but same could be claimed by the recipient of service.
