![Amalgamated Company Can Adjust Asset Value and Claim Depreciation Without Central Govt Approval: Bombay HC [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/04/Amalgamated-Company-Adjust-Asset-Value-and-Claim-Depreciation-Central-Govt-Approval-Bombay-HC-TAXSCAN.jpg "Amalgamated Company Can Adjust Asset Value and Claim Depreciation Without Central Govt Approval: Bombay HC [Read Order]")
Amalgamated Company Can Adjust Asset Value and Claim Depreciation Without Central Govt Approval: Bombay HC [Read Order]
In a recent ruling, the Bombay High Court held that an amalgamated company can adjust the written down value (WDV) of assets acquired from its...
![Mere delay in Filing Applications For Recall or Review Cannot be a Reason for Rejecting Petition on Technical Ground of Delay: Bombay HC [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/04/Filing-applications-Bombay-HC-taxscan.jpg "Mere delay in Filing Applications For Recall or Review Cannot be a Reason for Rejecting Petition on Technical Ground of Delay: Bombay HC [Read Order]")
![Income Tax Refund adjusted Despite 20% Pre-deposit and Pending Appeal: Bombay HC directs to Refund Adjusted Amount [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/04/Income-tax-refund-bombay-HC-taxscan.jpg "Income Tax Refund adjusted Despite 20% Pre-deposit and Pending Appeal: Bombay HC directs to Refund Adjusted Amount [Read Order]")
![Bogus Purchases: Bombay HC Sustains ₹6 Crore Income Tax Addition using Peak of Purchases [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/04/Bogus-Purchases-Bombay-HC-Income-Tax-Addition-Peak-of-Purchases-taxscan.jpg "Bogus Purchases: Bombay HC Sustains ₹6 Crore Income Tax Addition using Peak of Purchases [Read Order]")
![Bombay HC Rules SASF is a Deemed Dealer Under MVAT Act, Liable for VAT on Movable Asset Sales [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/03/bombay-hc.jpg "Bombay HC Rules SASF is a Deemed Dealer Under MVAT Act, Liable for VAT on Movable Asset Sales [Read Order]")
$1.4 billion Tax Demand Order against VW for Import of "Unassembled Car" reaches Bombay HC [Read Order]
Skoda Auto Volkswagen India Pvt. Ltd., the Indian subsidiary of German automobile giant Volkswagen and allied brands had recently landed itself in hot water following a tax demand order of $1.4...
No Misreporting in PF and Cess Deduction Claims Made in Good Faith: ITAT quashes 84 Lakhs S.270 Penalty under Income Tax [Read Order]
Recently in a ruling the Income Tax Appellate Tribunal (ITAT) Bangalore quashed an ₹84 lakh penalty imposed on a company for under-reporting income under the Income Tax Act 1961 (ITA), specifically...
![No Misreporting in PF and Cess Deduction Claims Made in Good Faith: ITAT quashes 84 Lakhs S.270 Penalty under Income Tax [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/10/Misreporting-PF-Cess-Deduction-Claims-ITAT-Penalty-Income-Tax-taxscan.jpeg "No Misreporting in PF and Cess Deduction Claims Made in Good Faith: ITAT quashes 84 Lakhs S.270 Penalty under Income Tax [Read Order]")
Notice Misdelivered to Incorrect Mail Address: Bombay HC Overturns Trust Registration Cancellation Order [Read Order]
In a recent case before Bombay High Court the impugned notice of Income tax department canceling trust registration application was set aside as the notice regarding the decision was sent to an...
![Notice Misdelivered to Incorrect Mail Address: Bombay HC Overturns Trust Registration Cancellation Order [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/08/Income-Tax-Authorities-issues-SCN-Incorrect-Email-Address-Delhi-HC-sets-aside-Assessment-Order-Assessment-Order-Delhi-High-Court-taxscan.jpg "Notice Misdelivered to Incorrect Mail Address: Bombay HC Overturns Trust Registration Cancellation Order [Read Order]")
S. 148 Income Tax Act Notice to Deceased Person: Bombay HC directs to issue Fresh Notice to Widow [Read Order]
In a recent ruling, the Bombay High Court directed to issue a replacement notice to legal representatives of the deceased person and proceed with the matter. In this case, the petitioner, Geeta,...
![S. 148 Income Tax Act Notice to Deceased Person: Bombay HC directs to issue Fresh Notice to Widow [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/08/Salaried-Employees-Income-Tax-Notice-Evidence-for-Deduction-taxscan.jpg "S. 148 Income Tax Act Notice to Deceased Person: Bombay HC directs to issue Fresh Notice to Widow [Read Order]")
Illegal Freezing of Demat Account of Doctor: Bombay HC directs SEBI, BSE and NSE to Compensate with Rs. 50 Lakhs within 2 Weeks [Read Order]
The Bombay High Court recently directed the Securities and Exchange Board of India (SEBI), along with the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE), to pay a compensation of...
AO cannot Change Valuation of Shares Method Selected u/s 56(2)(viib) r.w. Rule 11UA(2): ITAT [Read Order]
The Bangalore Bench of the Income Tax Appellate Tribunal  ( ITAT ) ruled that the assessing officer cannot to interfere in the valuation of shares method selected by the assessee under section...
![AO cannot Change Valuation of Shares Method Selected u/s 56(2)(viib) r.w. Rule 11UA(2): ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/08/AO-Change-Valuation-Shares-Method-ITAT-TAXSCAN.jpg "AO cannot Change Valuation of Shares Method Selected u/s 56(2)(viib) r.w. Rule 11UA(2): ITAT [Read Order]")