Bombay High Court held that department cannot deny the benefits of accrued Input Tax Credit (ITC) on the sole ground that GST ITC 02 was filed manually and not electronically. Thus, relevant show cause notice quashed.
Bombay HC quashes GST order blocking Bhansali Industries’ credit ledger. Case remanded for fresh adjudication with proper reasoning and a fair hearing.
Bombay High Court quashes 20-year-old customs show cause notice against Great Eastern Shipping due to adjudication delay, citing previous case law precedents.
Bombay High Court ruled that assessee must respond to SCN and seek alternate statutory appeals if aggrieved. Writ petitions should not be entertained prematurely.
Bombay High Court in the case of Shree Sai Baba Sansthan Trust held that anonymous donation received by religious and charitable trust is entitled to benefit of an exemption from tax under section 115BBC(2b) of the Income Tax Act.
Portion attributable to utilisation for import of assets into India must be capitalised under Section 43A, while the portion attributable to utilisation for acquiring assets from within India must be treated as revenue expenditure under Section 37(1) of the Act.
Bombay HC rejects faulty Customs affidavit; new filing required by September 20. Court gives Surgive Meena another chance to comply.
Bombay High Court held that the deduction on account of provision for bad and doubtful debts u/s. 36(1)(viia) of the Income Tax Act is distinct and independent of the provisions of section 36(1)(vii) of the Income Tax Act relating to allowance of the bad debts.
Bombay High Court quashes provisional attachment order due to lack of written reasons, remanding the case for proper documentation.
Court declines writ petition in Hindustan Unilever case due to available statutory remedy. TDS demand of ₹962.75 crores under Section 201 for trademark purchase.
