Relief to Piramal Enterprises: Faceless Assessment without adhering to Section 144B Procedures is invalid, rules Bombay HC [Read Order]
In the relief to the Piramal Enterprises, the Bombay High Court ruled that the Faceless Assessment without adhering to Section 144B procedures is invalid. The Petitioner, Piramal Enterprises carries on various businesses including pharmaceuticals comprising
Bombay High Court to hear Plea seeking Regulation of Cryptocurrency Market in India
The Bombay High Court to hear a plea Seeking Regulation Of Cryptocurrency Market in India. The lawyer has filed a public interest litigation (PIL) before the Bombay High Court, seeking directions to the Union of
Parties Seeking Stay on LOC Required to Apply to Court in Good Time: Bombay HC Imposes Costs of Rs 50,000 on Late Filing [Read Order]
A Division Bench of the Bombay High Court imposed costs of Rs 50,000 on the late filing of y Look Out Circular (LOC) and commented that Parties seeking a stay on LOC were required to
Implementation of GST Orders Appealable till Constitution of GSTAT: Maharashtra GST Dept Issues Trade Circular [Read Circular]
On July 31, 2023, the Maharashtra Goods and Services Tax (GST) Department issued Circular No. 20 of 2023 to address the concerns arising from the absence of the GST Appellate Tribunal's formation. Taking into account
Failure to serve Reference upon the respondent implies the non-interest of applicant in persuing the same: Bombay HC [Read Order]
The division bench of the Bombay High Court has recently refused to entertain a Reference by holding that the failure on part of the applicant to serve Reference upon the respondent as required under Rule
ED cannot record Statement at Night by Depriving Person’s Right to Sleep: Bombay HC [Read Order]
In a much significant ruling, the Bombay High Court held that the Enforcement Directorate ( ED ) cannot record statement at night by depriving person's right to sleep. By the writ petition preferred under Article
Bombay HC quashes Re-opening of Assessment as condition precedent to Valid Exercise of Power to Re-open Assessment, after a lapse of 4 years [Read Order]
The Bombay High Court has quashed the reopening of Assessment as a condition precedent to valid exercise of power to reopen assessment, after lapse of 4 years. The Petitioner, Macrotech Developers Limited is a company
DRI to Restart Investigation against Adani Group’s Coal Imports, says Reports
The Directorate of Revenue Intelligence (DRI) is seeking to resume its inquiry into allegations of the Adani Group overvaluing coal imports, as reported by Reuters. The DRI has approached the Supreme Court for permission to
No TDS deductible by Builder on Refundable Amount paid to Home-Buyers, rules Bombay High Court [Read Order]
The Bombay High Court ruled that the no TDS is deductible by Builder on Refundable Amount paid to the Home-Buyers. The petitioner, Sainath Rajkumar Sarode has sought the directions for the recovery of arrears due
Bombay HC refuses Refund of VAT worth Rs. 95.42 Lakhs due to unreasonable delay in filing the Petition [Read Order]
The Bombay High Court has refused the refund of Value Added Tax (VAT) worth Rs. 95.42 Lakhs due to unreasonable delay in filing the Petition. The petitioner, E-Land Apparels Ltd. sought the direction to grant
Unspent Healthcare Budget: Bombay HC directs State to ensure Spending Sanctioned Budget [Read Order]
The Bombay High Court directed the State to ensure spending sanctioned budget after the unspent healthcare budget was brought to the notice of the Court. The entire budget sanctioned for procurement of drugs and medical
Relief to First Global: FEMA does not authorize AA to issue notice for violations under provisions of FERA, says Bombay HC [Read Order]
A Division Bench of the Bombay High Court has recently held in favour of First Global Stockbroking Pvt. Ltd. that, Adjudicating Authority ( AA )is not authorized to issue notices under the Foreign Exchange Management
Bombay HC rejects writ by Sales Tax Officer turned Resident District Collector for Correction of DOB after 22 Years in Service [Read Order]
The Bombay High Court rejected the writ by the sales tax officer turned resident district collector for correction of dob after 22 years in service. The petitioner seeks correction of the date of birth in
Bombay HC allows Deduction on Interest Paid on amount borrowed for purpose of machinery even if machinery is not actually used in Business [Read Order]
The Bombay High Court allowed the deduction on interest paid on the amount borrowed for the purpose of machinery even if machinery is not actually used in business. The revenue has raised the issue Whether
Bombay High Court appreciates CIT’s Efforts to Address injustice caused to Taxpayer [Read Judgment]
The Bombay High Court recently while disposing of a Writ Petition, took time to appreciate the timely intervention and efforts of the Principal Commissioner of Income Tax to resolve a problem faced by an octogenarian