ED issues Guidelines for Recording Statements under PMLA aligning with Bombay High Court Ruling
A directive from the Division Bench of the Bombay High Court in the case of Ram Kotumal Issrani v. Directorate of Enforcement, highlighted procedural...
![Rent Income from Profit and Gains of Leasing Company Assessable as ‘Income from Profits and Gains of Business’: Bombay High Court [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/10/Bombay-High-Court-Rent-income-taxation-Tax-on-leasing-company-earnings-Business-income-tax-taxscan.jpg "Rent Income from Profit and Gains of Leasing Company Assessable as ‘Income from Profits and Gains of Business’: Bombay High Court [Read Order]")
![Bombay HC allows Pepperfry to file Reply to GST SCN Belatedly, imposes Rs. 50k Costs [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/10/Bombay-High-Court-GST-SCN-Pepperfry-Taxscan.jpg "Bombay HC allows Pepperfry to file Reply to GST SCN Belatedly, imposes Rs. 50k Costs [Read Order]")
![Parle entitled to Rebate as per Exemption Notification: Bombay HC directs Refund of Excise Duty Voluntarily Paid [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/10/Bombay-HC-Bombay-High-Court-Bombay-HC-directs-Excise-Duty-per-Exemption-Notification-Excise-Duty-Voluntarily-Paid-Parle-entitled-taxscan.jpg "Parle entitled to Rebate as per Exemption Notification: Bombay HC directs Refund of Excise Duty Voluntarily Paid [Read Order]")
![Procedural Lapse in Initial Proceedings u/s 148 of Income Tax nullifies Resultant Notices and Orders Automatically: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/10/ITAT-ITAT-Mumbai-Income-Tax-Reassessment-Taxscan.jpg "Procedural Lapse in Initial Proceedings u/s 148 of Income Tax nullifies Resultant Notices and Orders Automatically: ITAT [Read Order]")
CENVAT Credit Cannot Be Denied When Duty is accepted by Department for Manufactured Product: CESTAT [Read Order]
The Mumbai Bench of the Customs, Excise, and Service Tax Appellate Tribunal ( CESTAT ) ruled that if the Department accepted duty on a manufactured product, CENVAT Credit cannot be denied. Mangal...
![CENVAT Credit Cannot Be Denied When Duty is accepted by Department for Manufactured Product: CESTAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/10/CESTAT-CESTAT-Mumbai-CENVAT-Credit-Taxscan.jpg "CENVAT Credit Cannot Be Denied When Duty is accepted by Department for Manufactured Product: CESTAT [Read Order]")
9.5 Year Delay In SAD Refund: Bombay HC slaps 15k costs on Customs Dept, directs Payment of 6% Interest per annum [Read Order]
The Bombay High Court recently slapped a cost of Rs.15,000/- on the Deputy Commissioner of Customs, CRC-I and directed the Customs to pay interest to the Petitioner at the rate of 6% per annum on...
“Fair Tax Regime where No Assessee is Harassed is Equally Crucial”: Bombay HC imposes ₹ 20k Cost on Maharashtra VAT Dept for Natural Justice Violations [Read Order]
The Bombay High Court, stressed the importance of a fair and transparent tax regime while imposing a cost of ₹20,000 on the Maharashtra VAT Department for violating the principles of natural justice....
![“Fair Tax Regime where No Assessee is Harassed is Equally Crucial”: Bombay HC imposes ₹ 20k Cost on Maharashtra VAT Dept for Natural Justice Violations [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/10/VAT-VAT-Department-Bombay-High-Court-Maharashtra-VAT-Act-TAXSCAN.jpg "“Fair Tax Regime where No Assessee is Harassed is Equally Crucial”: Bombay HC imposes ₹ 20k Cost on Maharashtra VAT Dept for Natural Justice Violations [Read Order]")
Failure of Dept to intimate Transfer of Case to Call Book and Delayed Adjudication: Bombay HC quashes Customs SCN [Read Order]
In a landmark ruling, the Bombay High Court has quashed a show cause notice ( SCN ) issued by the Customs Department against the assessee citing a significant delay in adjudicating the case. The...
Saving of Non-Bonded Cargo from Damage by Storage in Bonded Tanks: Bombay HC upholds Restoration of Customs Warehousing Permission [Read Order]
A Division Bench of the Bombay High Court upheld the restoration of customs warehousing permission to Ganesh Benzoplast Limited. The court's decision reaffirmed that the company’s actions in...
ITAT invalidates Reopening under S.147 for Relying on Incorrect Facts, quashes Reassessment [Read Order]
The Mumbai Bench of Income Tax Appellate Tribunal (ITAT) invalidated the reopening of an assessment under Section 147 of the Income Tax Act,1961, concluding that the Assessing Officer (AO) relied on...
![ITAT invalidates Reopening under S.147 for Relying on Incorrect Facts, quashes Reassessment [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/10/ITAT-Reopening-Incorrect-Facts-Reassessment-taxsacan.jpg "ITAT invalidates Reopening under S.147 for Relying on Incorrect Facts, quashes Reassessment [Read Order]")