![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]")
Bogus Purchases: Bombay HC Sustains ₹6 Crore Income Tax Addition using Peak of Purchases [Read Order]
The Bombay High Court recently used the peak of purchases method to ascertain and uphold an income tax addition of ₹6.15 crore on a trader with...
![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]")
![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]](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]")
Bombay HC grants Leave to Appeal in NI Act Cheque Dishonor Case, Citing Ongoing Tax Audit, Justified Absence & Merits [Read Order]
The single bench of the Bombay High Court has granted leave to appeal in a cheque dishonor case under the Negotiable Instruments Act, 1881, citing the ongoing tax audit, justified absence, and the...
No Jurisdiction for JAO to Issue Income Tax Reassessment Notices outside NFAC Framework: Bombay HC [Read Order]
The Bombay High Court ruled that the Jurisdictional Assessing Officer (JAO) loses authority to issue reassessment notices under Section 148A(b) and take subsequent actions under Section 148A(d) and...
![No Jurisdiction for JAO to Issue Income Tax Reassessment Notices outside NFAC Framework: Bombay HC [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/07/State-Tax-Officer-jurisdiction-Issue-Communication-GST-Act-Bombay-HC-Writ-Petition-STO-Communication-TAXSCAN.jpeg "No Jurisdiction for JAO to Issue Income Tax Reassessment Notices outside NFAC Framework: Bombay HC [Read Order]")
Authority should Refrain from Over Analysis which leads to Paralysis of Justice: Bombay HC directs AO to pass Fresh Assessment Order [Read Order]
The Bombay High Court directed the Assessing Officer (AO) to pass fresh assessment order and observed that the “Authority should refrain from over analysis which leads to paralysis of justice”. ...
