Bombay High Court
Bombay High Court, Bombay HC, Mumbai High Court, High Court of Bombay
![Depreciation on Goodwill Acquired from Subsidiary Company by Demerger Allowed if Not Previously Claimed or Allowed u/s 32 of Income Tax Act: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/06/ITAT-mumbai-section-32-of-income-tax-act-goodwill-aquired-from-subsidiary-company-taxscan.jpg "Depreciation on Goodwill Acquired from Subsidiary Company by Demerger Allowed if Not Previously Claimed or Allowed u/s 32 of Income Tax Act: ITAT [Read Order]")
Depreciation on Goodwill Acquired from Subsidiary Company by Demerger Allowed if Not Previously Claimed or Allowed u/s 32 of Income Tax Act: ITAT [Read Order]
The Mumbai bench of the Income Tax Appellate Tribunal ( ITAT ) ruled that the assessee was eligible to claim depreciation on the cost of goodwill...
![‘Transit Rent cannot be Taxed as Revenue Receipt: Bombay HC [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/06/Bombay-High-Court-Revenue-Receipt-Transit-Rent-cannot-be-Taxed-Transit-Rent-Bombay-HC-Tax-news-Taxscan.jpeg "‘Transit Rent cannot be Taxed as Revenue Receipt: Bombay HC [Read Order]")
![No Addition u/s 68 of Income Tax Act on Share Premium allowable when Identity & Creditworthiness of Share Subscribers Proved: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/06/Income-Tax-Act-ITAT-Income-Tax-Appellate-Tribunal-Income-Tax-News-Income-Tax-taxscan.jpg "No Addition u/s 68 of Income Tax Act on Share Premium allowable when Identity & Creditworthiness of Share Subscribers Proved: ITAT [Read Order]")
CEAT entitled to Interest on Income Tax Refund of Rs. 5.24 Cr as refund more than tax determined on Regular Assessment: Bombay HC [Read Order]
The Bombay High Court held that CEAT entitled to interest on income tax refund of Rs. 5.24 crores as refund is more than tax determined on regular assessment. The appeal was filed under Section...
![CEAT entitled to Interest on Income Tax Refund of Rs. 5.24 Cr as refund more than tax determined on Regular Assessment: Bombay HC [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/05/CEAT-Income-Tax-Refund-Bombay-HC-tax-Bombay-High-Court-assessment-tax-updates-tax-news.jpg "CEAT entitled to Interest on Income Tax Refund of Rs. 5.24 Cr as refund more than tax determined on Regular Assessment: Bombay HC [Read Order]")
Failed to State Reasonable Cause of Delay: Supreme Court refuses to Condone Delay in Filing Review Petition against Income Tax Order [Read Judgement]
The Supreme Court of India refused to condone delay in filing review petition against income tax order since the revenue department failed to state reasonable cause of delay. The petitioner...
![Failed to State Reasonable Cause of Delay: Supreme Court refuses to Condone Delay in Filing Review Petition against Income Tax Order [Read Judgement]](https://www.taxscan.in/wp-content/uploads/2024/05/Supreme-court-of-india-income-tax-income-tax-orders-petition-against-income-tax-petitions-TAXSCAN-1.jpg "Failed to State Reasonable Cause of Delay: Supreme Court refuses to Condone Delay in Filing Review Petition against Income Tax Order [Read Judgement]")
I-T Reassessment Notices Based Solely on Information from Directorate General of GST is Invalid: Bombay HC quashes Notice [Read Order]
The Bombay High Court in a recent judgement has quashed the Income Tax reassessment notices as it was issued merely based on information received from the Directorate General of Goods and Service Tax...
![I-T Reassessment Notices Based Solely on Information from Directorate General of GST is Invalid: Bombay HC quashes Notice [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/05/Bombay-high-court-notices-GST-Income-Tax-Re-Assessment-Notices-TAXSCAN.jpg "I-T Reassessment Notices Based Solely on Information from Directorate General of GST is Invalid: Bombay HC quashes Notice [Read Order]")
Supreme Court lists Bajaj Auto Property Tax Hearing for July 22, Directs State to Halt Coercive Penalty Recovery [Read Judgement]
The Supreme Court, while entertaining the Special Leave Petition ( SLP), listed the Property Tax hearing on the prayer for interim relief of Bajaj Auto Ltd on 22nd July, 2024 The bench...
Bombay HC quashes Reassessment Notice under Income Tax Act in Absence of Change in Opening and Closing Stock of NCD's [Read Order]
The Bombay High Court has quashed the reassessment notice issued under the Income Tax Act, 1961 as there was no change in the opening and closing stock of the non-convertible debts ( NCDs ). It was...
![Bombay HC quashes Reassessment Notice under Income Tax Act in Absence of Change in Opening and Closing Stock of NCDs [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/05/Bombay-high-court-Income-Tax-Income-tax-news-non-convertible-debts-Tax-reassessment-taxscan.jpeg "Bombay HC quashes Reassessment Notice under Income Tax Act in Absence of Change in Opening and Closing Stock of NCDs [Read Order]")
Money Laundering Case: Bombay HC Grants Two-Month Interim Bail To Jet Airways Founder Naresh Goyal Considering Critical Stage of Illness [Read Order]
The Bombay High Court granted interim bail for two months to Jet Airways founder Naresh Goyal in a money laundering case arising out of an alleged loan default of Rs. 538 Crores. The bail was granted...
