Learn from the Bombay High Court’s judgment why actual agricultural activity isn’t crucial in determining land as agricultural, impacting tax liabilities.
Bombay High Court held that payments made to non-resident for availing General Business Support Service under Cost Contribution Arrangement is not in the nature of fees for ‘technical services’ and accordingly tax is not deductible on the same.
Read the full text of the Bombay High Court’s order directing the deposit of an Income Tax refund amount with Prothonotary and Senior Master. Get insights into the case between PCIT and Shahaji Bhad.
Bombay High Court quashes reassessment notices against Godrej Industries, citing issuance beyond the limitation period. A landmark victory for corporate law.
Bombay High Court rules storage tanks not land or building, impacting TDS deductions on storage charges. A pivotal decision for tax compliance practices.
Bombay High Court rules procedural deficiencies in filing appeals cannot invalidate claims filed within limitation, ensuring justice in CGST refund cases.
Learn how the Bombay High Court permitted rectification of Form GSTR-1, addressing clerical errors and ensuring compliance with GST regulations.
Bombay High Court ruled that receiving share premium, even if in violation of the Companies Act, doesn’t create taxable income. This case (Shendra Advisory Services P. Ltd. Vs DCIT) clarifies the distinction between capital receipts and income.
Bombay High Court quashes income tax reassessment notice for Assessment Year 2013-2014 as time-barred. Detailed analysis of the case provided.
Bombay High Court rules that interest paid on loans taken to invest in shares of a subsidiary in normal business activities is allowable expenditure under the Income Tax Act.
