Bombay High Court held that that the stage which has been contemplated under Section 44(1)(c) of the Prevention of Money Laundering Act, 2002 [PMLA, 2002] will be after the jurisdictional Court has taken cognizance of the scheduled offences.
Bombay High Court rejects PCIT’s appeal against Pacific Organics, citing ambiguous notice and follows Full Bench ruling in Mohd. Farhan A. Shaikh case.
Bombay High Court sets aside personal liability for One Person Company director in arbitration, upholding asset deposit by the company. Judgment clarifies Section 17 powers.
Bombay High Court held that offences under the Bharatiya Nyaya Sanhita, 2023 [BNS] can be recognized as scheduled offences under the Prevention of Money Laundering Act, 2002 [PMLA] without a specific amendment of the PMLA Schedule.
Bombay High Court rules no GST law prohibition on transferring Input Tax Credit between amalgamating companies located in different states, enabling seamless credit flow.
Bombay High Court sets aside NMMC s order attaching Sargam Foods cash credit account for cess recovery, citing lack of legal basis for credit-freeze.
Bombay High Court dismisses revenue’s appeal, affirming that income tax penalty notices must clearly specify grounds of concealment or inaccurate particulars.
Bombay High Court permits using Electronic Credit Ledger for 10% GST appeal pre-deposits, quashing an order that denied it and emphasizing adherence to judicial precedents.
Bombay High Court held that the entire amounts of insurance claim received for death of horses is to be treated as capital receipt governed only by provisions of Section 45(1) of the Income Tax Act. Hence, the same is not chargeable to tax. Accordingly, appeal allowed.
The Bombay High Court set aside reassessment notices against Sai Shirdi Constructions for AY 2008-09 and 2009-10, citing a lack of ‘reason to believe’ when the income had already been assessed in a later year.
