The Bombay High Court dismissed Revenue’s appeal against Everest Kanto Cylinder Ltd., citing prior judgments on identical transfer pricing issues.
The Bombay High Court dismissed a writ petition against an income tax assessment order, stating the petitioner failed to exhaust statutory appeal remedies and presented no extraordinary circumstances.
Bombay High Court rules Compensation Cess for Mercedes-Benz vehicles prior to July 2023 must consider ground clearance in laden condition.
A reassessment order was quashed by the court due to a clear violation of natural justice principles, as the assessee’s response was ignored. The matter is remitted for fresh consideration.
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.
