Bombay HC expresses concern over Income Tax Department is unawareness of identical Questions of Law in the same Court [Read Order]
The Bombay High Court expressed concern over the Income Tax department is unawareness of questions of Law that have been admitted or dismissed. The bench comprising of Justice A.K.Menon and Justice M.S Sanklecha directed the
Financial Difficulties not a Defense If Assessee failed to pay Service Tax Collected from Customers to Govt: Bombay HC [Read Judgment]
The Bombay High Court has recently ruled that the defense of financial difficulties cannot be invoked by the assessee when the assessee failed to remit the service tax amount collected from the customers to the
Interest on FD made with the Bank on receipt of Compensation under Land Acquisition Act is Taxable Even If No Final Order is Delivered: Bombay HC
Recently, a division bench of the Bombay High Court ruled that the interest received on the fixed deposits made with the Bank on receipt of enhanced compensation under the Land Acquisition Act is subject to
Delay in Filing Appeal due to Non-Communication of Order to Trustee constitute ‘Sufficient Cause’: Bombay High Court [Read Judgment]
A two-judge bench of the Bombay High Court has held that the delay in filing of the appeal before the Tribunal due to non-communication of the same to the Trustee would constitute ‘sufficient cause’ to
Bombay HC asks Govt to form a High-Level Committee to grant Entertainment Tax Benefits under GST [Read Order]
A two-judge bench of the Bombay High Court has directed the State Government to constitute a high-level committee to study the issues and to grant relief to the entertainment sector after the entertainment tax benefits
Bombay High Court imposes Fine on Tax Official for Unnecessary Harassment of Assessee [Read Judgment]
The Bombay High Court has recently imposed a fine of Rs. 50,000 on an officer of the Income Tax Department for passing an order to harass the assessee. The Assessing Officer issued a provisional attachment
Refund can’t be denied since Assessment was not Challenged: Bombay HC allows Plea by Micromax [Read Judgment]
While granting relief to the Micromax Informatics Limited, a division bench of the Bombay High Court held that refund cannot be denied merely because the assessment orders were not challenged by the assessee. Petitioner Company
Interest Paid on Borrowed Fund for Acquiring Controlling Interest in another Company allowable as Business Expenditure: Bombay High Court [Read Judgment]
The Bombay High Court in the case of PCIT v M/s Concentrix Services upheld that the interest paid on the borrowed fund for the purpose of acquiring a controlling interest in another company would be
Bombay High Court allows Parellel GST Proceedings in Two States [Read Order]
The Bombay High Court has allowed parallel Goods and Services Tax ( GST ) proceedings in two states. This petitioner has challenged an enquiry initiated by The Superintendent of CGST & Central Excise (AE) Mumbai.
Subsidy received as Excise Duty Reimbursement is a Capital Receipt, not Taxable: Bombay HC [Read Judgment]
The division bench of the Bombay High Court in Commissioner of Income Tax 4 v. M/s. Harinagar Sugar Mills Ltd, held that the subsidy received from the Bihar Government in the form of excise duty
Bombay HC Stays Income Tax Notice against UBER India [Read Order]
The Bombay High Court, on Thursday has stayed a notice send by the Income Tax Department against Uber India demanding Rs. 109 crores tax dues. The Uber India Systems Pvt. Ltd. has challenged two orders
Amount Paid for Higher Education of Directors’ Son not Business Expenditure: Bombay HC denies IT Deduction to Company [Read Judgment]
A division bench of the Bombay High Court recently held that the expenses incurred by a Company towards sending the son of its director to the USA for higher studies cannot be deducted from the taxable
Re-Opening of GST TRAN-1 to Rectify Errors; Bombay HC asks CBIC to resolve Issue within 12 Weeks [Read Judgment]
In a petition seeking amendment of GST Form TRAN-1, a two-judge bench of the Bombay High Court has asked the petitioners to file a representation before the Central Board of Indirect Taxes (CBIC) and directed
Expenditure in respect of issue of Additional Share Capital is Capital in nature, Bombay HC disallows expenditure [Read Judgment]
Expenditure in respect of issue of Additional Share Capital is Capital in nature, says Bombay High Court. The division bench of the Bombay High Court in a recent decision, disallowed the expenditure incurred by the
Bombay HC asks GST Dept to Re-open TRAN-1 to Rectify Errors [Read Order]
A two- judge bench of the Bombay High Court has asked the Central Government to re-open the facility to file GST TRAN-1 to allow the tax payers to rectify the human typo errors. Form TRAN