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.
Bombay High Court upholds AO’s addition for unverified bogus purchases in PCIT vs. Kanak Impex. Decision based on Section 69C and apex court precedents.
Bombay High Court invalidates reassessment notice under Section 148 of the Income Tax Act, citing failure to meet jurisdictional conditions under Section 147.
Bombay High Court dismisses Shandilya Properties LLP’s petition challenging an income tax assessment order, directing them to exhaust statutory appeal remedies.
Bombay High Court rules that profit estimation in bogus purchases does not raise a substantial question of law, dismissing the Income Tax Department’s appeal.
Bombay HC refuses to quash show cause notice against Safset Agencies, stating the issue must be decided by tax authorities. Petitioner granted time to file a response.
Bombay High Court quashes penalty on VRML Constructions Pvt Ltd, citing technical glitches in ITBA records. Fresh proceedings may be initiated post-appeal disposal.
Bombay HC rules in CIT vs. Nitish Chordia that agricultural land distance must be measured by road, not aerial view, impacting capital gains tax exemptions.
Bombay High Court rules reassessment proceedings against Alok Industries invalid post-resolution plan approval under IBC, citing Supreme Court precedent.
Bombay High Court quashes a ₹100 crore tax demand against Mumbai Port Authority, ordering a fresh review after claims of an ex parte decision.
