Retirement amount received by partner through Arbitration Proceedings from partnership firm is not chargeable to tax: Bombay HC quashes Reassessment Proceedings [Read Order]
In a recent case, the Bombay High Court, while quashing the reassessment proceedings, held that the retirement amount received by the partner through...
![Levy on Extra Neutral Alcohol under State VAT or GST: Bombay HC defers hearing as matter pending with Supreme Court [Read Judgement]](https://www.taxscan.in/wp-content/uploads/2023/03/Extra-Neutral-Alcohol-State-VAT-GST-Bombay-HC-Supreme-Court-TAXSCAN.jpg "Levy on Extra Neutral Alcohol under State VAT or GST: Bombay HC defers hearing as matter pending with Supreme Court [Read Judgement]")
Revenue to takes steps to Reduce Litigation amid Delay in GST Tribunal Constitution after Bombay HC [Read Order]
The Bombay High Court has again directed the revenue to take requisite steps to curb litigation in the absence of the Goods and Services Tax (GST) Appellate Tribunal. In the present case, the...
![Revenue to takes steps to Reduce Litigation amid Delay in GST Tribunal Constitution after Bombay HC [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/03/Revenue-Reduce-Litigation-amid-Delay-GST-Tribunal-Constitution-Bombay-HC-Taxscan.jpg "Revenue to takes steps to Reduce Litigation amid Delay in GST Tribunal Constitution after Bombay HC [Read Order]")
Pendency of GST Appeals: Bombay HC directs CBIC to stick to 3 months Limitation post-constitution of GSTAT
The Bombay High Court has recently reiterated to CBIC to follow the three month limitation period as mentioned in the Circular No. 132/2/2020, dated 18th March 2020, to file appeals against orders of...
Bombay HC deletes addition on Interest Expenditure on availability of Interest-Free Surplus Fund to make Investment [Read Order]
The Bombay High Court deleted the addition made on account of interest expenditureas the assessee, Godrej & BoyceMfg. Co. Ltd, had sufficient interest-free surplus funds to make the investment. ...
![Bombay HC deletes addition on Interest Expenditure on availability of Interest-Free Surplus Fund to make Investment [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/02/Bombay-HC-Interest-Expenditure-Interest-Free-Surplus-Fund-Investment-TAXSCAN.jpg "Bombay HC deletes addition on Interest Expenditure on availability of Interest-Free Surplus Fund to make Investment [Read Order]")
Reconsidering Decision rendered in Earlier Regular Assessment amount to “Change of Opinion”: Bombay HC Quashes Re-Assessment [Read Order]
In a significant case the Bombay High Court bench of Justice Dhiraj Singh Thakur and Valmiki Sa Menezes, Observed that reconsidering decisions rendered in earlier regular assessment amounts to change...
Reopening of Assessment after 4 years based on change of opinion without stating any reason is not valid : Bombay HC set aside Re-assessment Order [Read Order]
In a matter of reopening of assessment after 4 years based on a change of opinion without stating any reason, the Bombay High Court (HC) set aside the re-assessment order being void. The...
Non-completion of Assessment as per ITAT Order within Time: Bombay HC directs Refund of Income Tax Paid and Seized Jewellery [Read Order]
The Bombay High Court has recently quashed and set aside the impugned assessment order passed by the revenue authority as per the Income Tax Appellate Tribunal, being delayed for more than 9 months...
![Non-completion of Assessment as per ITAT Order within Time: Bombay HC directs Refund of Income Tax Paid and Seized Jewellery [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/02/ITAT-Bombay-HC-refund-of-Income-Tax-Jewellery-TAXSCAN.jpg "Non-completion of Assessment as per ITAT Order within Time: Bombay HC directs Refund of Income Tax Paid and Seized Jewellery [Read Order]")
Disputed Income Tax Calculation based on FAQ from CBDT Circular invalid if Specific Provision exists in Act: Bombay HC remands matter [Read Order]
A Division Bench of the Bombay High Court has recently remanded an income tax matter to the Principal Commissioner, while the impugned order was quashed and set aside as the calculations were based...
![Disputed Income Tax Calculation based on FAQ from CBDT Circular invalid if Specific Provision exists in Act: Bombay HC remands matter [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/02/DIncome-Tax-Calculation-FAQ-CBDT-Circular-Bombay-HC-TAXSCAN.jpg "Disputed Income Tax Calculation based on FAQ from CBDT Circular invalid if Specific Provision exists in Act: Bombay HC remands matter [Read Order]")