Bombay High Court dismisses revenue’s appeal in PCIT Vs S V Jiwani case, upholding partial relief on alleged bogus purchases. Key judgment details inside.
Bombay High Court confirms private trust assessable as Association of Persons, upholding disallowance of interest paid to beneficiaries under Section 40(ba).
Bombay High Court grants bail to Customs Superintendent arrested by CBI over alleged ₹5 lakh bribe demand for shipment release at JNPT.
Court dismisses appeals focused solely on profit estimation, stating it does not involve a substantial question of law required for admission.
Bombay High Court quashes Assistant Commissioner’s order refusing GST refund compliance, rules subordinate officers must follow appellate authority directives.
Bombay High Court sets aside tax order against Viacom 18, ruling that tax officers must follow earlier appellate decisions on taxing TV channel subscription fees.
Bombay High Court allows taxpayer’s Vivad Se Vishwas scheme application, ruling disputed interest is covered and appeal was ‘pending’ despite delay.
High Court allows Mahindra & Mahindra’s appeal for AY 1990-91, permitting business loss write-off and limiting AO power on MAT book profit scrutiny.
Bombay HC directs refund adjusted against demand, rules adjustment illegal as 20% paid & appeal pending, citing CBDT circulars & court precedent.
Bombay HC examines Coca-Cola’s challenge to a GST demand regarding sales discounts. Court grants interim stay, questioning revenue’s interpretation of GST valuation rules.
