Bombay High Court
Bombay High Court, Bombay HC, Mumbai High Court, High Court of Bombay
![Deposit of TDS Deducted with Interest: Bombay HC quashes Criminal Proceedings against Directors [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/08/Bombay-High-Court-TDS-Income-Tax-Income-Tax-Act-Criminal-Proceedings-against-Directors-Criminal-Proceedings-TAXSCAN.jpeg "Deposit of TDS Deducted with Interest: Bombay HC quashes Criminal Proceedings against Directors [Read Order]")
Deposit of TDS Deducted with Interest: Bombay HC quashes Criminal Proceedings against Directors [Read Order]
The Bombay High Court has annulled the legal proceedings initiated against the directors of M/s. Hubtown Ltd. under Sections 276B and 278B of the...
![Exemption Allowable on Sale Consideration Invested In Purchase of Property with Prior Permission of Charity Commissioner: ITAT upholds CIT (A) Order [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/08/Exemption-Allowable-on-Sale-ITAT-ITAT-Mumbai-CIT-A-Order-Income-Tax-Appellate-Tribunal-Commissioner-of-Income-Tax-prior-permission-of-charity-TAXSCAN.jpg "Exemption Allowable on Sale Consideration Invested In Purchase of Property with Prior Permission of Charity Commissioner: ITAT upholds CIT (A) Order [Read Order]")
![Community Service Contributions by Employer as per MOU with Workers Union is Business Expenditure, rules Bombay HC in Relief to Tata Engineering [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/08/Income-Tax-Income-Tax-Act-Bombay-High-Court-Tata-Engineering-MOU-TAXSCAN.jpg "Community Service Contributions by Employer as per MOU with Workers Union is Business Expenditure, rules Bombay HC in Relief to Tata Engineering [Read Order]")
![Non-Acceptance of letter issued by CA: Bombay HC directs re-credit of debited Rs. 8.15 Lakh GST ITC [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/08/CA-GST-ITC-GST-GST-ITC-re-credit-violation-of-natural-justice-CA-letter-rejection-taxscan.jpg "Non-Acceptance of letter issued by CA: Bombay HC directs re-credit of debited Rs. 8.15 Lakh GST ITC [Read Order]")
Non-compliance with Section 151A: Bombay HC quashes Income Tax Notice u/s 148A outside Faceless Assessment by Jurisdictional AO [Read Order]
The Bombay High Court has quashed the entire process undertaken by the Jurisdictional Assessing Officer (AO) under Section 148A outside the faceless mechanism, noting that the scheme notified by the...
![Non-compliance with Section 151A: Bombay HC quashes Income Tax Notice u/s 148A outside Faceless Assessment by Jurisdictional AO [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/08/Bombay-High-Court-Income-Tax-Notice-Faceless-Assessment-Non-compliance-Taxscan.jpg "Non-compliance with Section 151A: Bombay HC quashes Income Tax Notice u/s 148A outside Faceless Assessment by Jurisdictional AO [Read Order]")
NFAC fails to Examine Nature of Unsecured Loan Transactions: ITAT restores Assessment Order [Read Order]
In a recent judgment, the Pune bench of the Income Tax Appellate Tribunal ( ITAT ) has restored the assessment order, highlighting that the National Faceless Appeal Centre ( NFAC ), failed to examine...
![NFAC fails to Examine Nature of Unsecured Loan Transactions: ITAT restores Assessment Order [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/08/ITAT-NFAC-NFAC-Fails-Assessment-Order-ITAT-Restores-Income-Tax-Appellate-Tribunal-National-Faceless-Appeal-Centre-taxscan.webp "NFAC fails to Examine Nature of Unsecured Loan Transactions: ITAT restores Assessment Order [Read Order]")
![Non-Mentioning of Documents required for Compliance: Bombay HC quashes VAT SCN [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/08/Bombay-High-Court-Non-Mentioning-of-Documents-Required-VAT-SCN-Tax-news-Taxscan.jpg "Non-Mentioning of Documents required for Compliance: Bombay HC quashes VAT SCN [Read Order]")
ITAT directs TPO to exclude Companies with Turnover exceeding or below 10 times for Transfer Pricing Comparable Analysis [Read Order]
The Hyderabad Bench of the Income Tax Appellate Tribunal orders the Transfer pricing officer ( TPO ) to apply the turnover filter to exclude companies with a Turnover of more than 10 times or less...
![ITAT directs TPO to exclude Companies with Turnover exceeding or below 10 times for Transfer Pricing Comparable Analysis [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/08/Determination-of-ALP-Professional-Fee-AO-TPO-ITAT-Addition-transfer-pricing-adjustment-taxscan.jpg "ITAT directs TPO to exclude Companies with Turnover exceeding or below 10 times for Transfer Pricing Comparable Analysis [Read Order]")
Alleged Import of Prohibited Goods but Penalty imposed for Mis-declaration of Assessable Value: Bombay HC directs Customs Dept to Refund Rs. 5 Lakhs [Read Order]
In a significant ruling, the Bombay High Court has directed the Customs Department to refund Rs. 5 lakhs, upon application, to an importer, who was penalised for alleged mis-declaration of assessable...
Income Tax Reassessment Initiation must be Evaluated Separately from AO's Post-Reopening Powers: Delhi HC [Read Order]
The Delhi High Court ruled that the validity of the initiation of reassessment under Sections 147 and 148 of the Income Tax Act must be evaluated independently, and should not be conflated with the...
![Income Tax Reassessment Initiation must be Evaluated Separately from AOs Post-Reopening Powers: Delhi HC [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/08/Income-Tax-Income-Tax-Act-Income-Tax-Reassessment-Delhi-High-Court-Delhi-HC-TAXSCAN.jpeg "Income Tax Reassessment Initiation must be Evaluated Separately from AOs Post-Reopening Powers: Delhi HC [Read Order]")
Banks/NBFCs required to Follow MSME Restructuring Process before NPA Classification: Supreme Court reverses Bombay HC decision [Read Judgement]
The Supreme Court ruled that the banks and NBFCs ( Non-Banking Financial Corporations ) are required to follow the restructuring process of the MSMEÂ as contemplated in the Notification dated 29th...
