Bombay HC rules in favor of Nicholas Piramal, allowing community development expenses as business deductions under the Income Tax Act. Appeal by Revenue dismissed.
Bombay High Court held that reassessment proceeding u/s. 148 initiated against non-existing company is not sustainable in law in as much as the department was already informed about the merger. Accordingly, notice quashed.
Bombay High Court condones delay in filing Form 10B by Warkari Shikshan Sanstha for AY 2019-2020, 2021-2022, and 2022-2023 due to COVID-19 hardships.
Bombay High Court directs GST refund application to be processed on merits, excluding the COVID-19 period from the limitation period. Read the case summary.
Bombay High Court allows Karnataka Sangha’s appeal, condoning a 15-day delay in filing Form-10B under the Income Tax Act, citing reconstruction and COVID-19 disruptions.
Bombay High Court sets aside IT reassessment against Oxford University Press, ruling no failure to disclose material facts for reopening beyond 4 years.
Bombay High Court clarifies reassessment under Section 147 of the IT Act in CIT-5 vs. Jet Airways, ruling in favor of the assessee. Read key legal insights.
The bench stated that Tribunal after concluding that the BCCI’s Appeal before it “was not maintainable”, exceeded its jurisdiction in recording the above observations virtually upholding the impugned communication/order.
Bombay High Court held that passing of ex-parte order without affording a reasonable opportunity of being heard to the assessee is against the principle of natural justice and accordingly, matter remanded to ITAT.
Bombay High Court held that reopening of assessment without fresh tangible material based upon mere change of opinion is unsustainable in law. Accordingly, notice and consequential orders set aside.
