Bombay High Court
Bombay High Court, Bombay HC, Mumbai High Court, High Court of Bombay
![Actual Agricultural Operation not necessary condition to qualify as Agricultural Land: Bombay HC directs to pass Fresh Assessment Order under Income Tax Act [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/03/Bombay-High-Court-Income-Tax-Assessment-Order-Agricultural-land-assessment-taxscan.jpg "Actual Agricultural Operation not necessary condition to qualify as Agricultural Land: Bombay HC directs to pass Fresh Assessment Order under Income Tax Act [Read Order]")
Actual Agricultural Operation not necessary condition to qualify as Agricultural Land: Bombay HC directs to pass Fresh Assessment Order under Income Tax Act [Read Order]
The Bombay High Court recently ruled that actual agricultural operation is not necessary condition to qualify as agricultural land and directed to...
![Relief to Godrej: Bombay HC quashes Time-Barred Income Tax Reassessment Notice [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/03/Income-Tax-Bombay-High-Court-Income-Tax-Reassessment-Notice-Godrej-taxscan.jpg "Relief to Godrej: Bombay HC quashes Time-Barred Income Tax Reassessment Notice [Read Order]")
![Change of Opinion by AO not Justification for assuming Income Chargeable to Tax by AO: Bombay HC [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/02/Bombay-High-Court-Assessing-Officer-Income-Chargeable-to-Tax-Income-Tax-TAXSCAN.jpeg "Change of Opinion by AO not Justification for assuming Income Chargeable to Tax by AO: Bombay HC [Read Order]")
Share Premium as Capital Account Transactions for Issuance of Shares not Taxable Income: Bombay HC [Read Order]
In a recent ruling, the Bombay High Court has clarified that the share premium received through the issuance of shares is categorized as a capital account transaction and does not attract taxation as...
![Share Premium as Capital Account Transactions for Issuance of Shares not Taxable Income: Bombay HC [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/02/Bombay-High-Court-Share-premium-taxation-Capital-account-transactions-Issuance-of-shares-capital-receipts-taxscan.jpg "Share Premium as Capital Account Transactions for Issuance of Shares not Taxable Income: Bombay HC [Read Order]")
Harsh and Unreasonable Conditions cannot be Imposed by Customs Dept: Bombay HC allows Provisional Release of Premium Cold Coffee [Read Order]
The Bombay High Court allowed the provisional release of premium cold coffee and noted that harsh and unreasonable conditions cannot be imposed by the Customs Department. The petitioner is a...
AO cannot Re-open Assessment to Remedy Error Resulting from Oversight in Assessment Proceeding: Bombay HC [Read Order]
In a recent decision, the Bombay High Court observed that the Assessing Officer ( AO ) cannot re-open assessment to remedy error resulting from oversight in assessment proceeding. The petitioner...
Bona Fide Banking Business in Mauritius Exempt from Income Tax in India: Bombay HC grants Relief to HSBC Bank [Read Order]
In a major relief to HSBC Bank, the Bombay High Court noted that the bona fide banking business in Mauritius is exempt from income tax in India. Respondent-Assessee is a Limited Liability Company...
![Bona Fide Banking Business in Mauritius Exempt from Income Tax in India: Bombay HC grants Relief to HSBC Bank [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/02/Bombay-HC-Bombay-High-Court-HSBC-Bank-HSBC-Bank-tax-exemption-Bombay-High-Court-HSBC-ruling-Taxscan.webp "Bona Fide Banking Business in Mauritius Exempt from Income Tax in India: Bombay HC grants Relief to HSBC Bank [Read Order]")
'Finality of Decision and Non - Arbitrability' Clause In GCC Does Not Imply an Arbitration Agreement: Bombay HC [Read Order]
The Bombay High Court has held that the 'Finality of Decision and Non - Arbitrability' clause in the General Conditions of Contract (“GCC”) does not imply an arbitration agreement. Kalpataru...
![Income Tax Deduction on Excise Duty does not Amount to Double Deduction: Bombay HC [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/02/Bombay-High-Court-Income-Tax-Income-Tax-Deduction-taxscan.jpg "Income Tax Deduction on Excise Duty does not Amount to Double Deduction: Bombay HC [Read Order]")
AO has not Bothered to Read Balance Sheet or Valuation Report: Bombay HC Quashes Reassessment Notice on Godrej [Read Order]
The Bombay High Court has invalidated the reassessment notice issued against Godrej Projects Development Pvt Ltd. The court observed that the Assessing Officer's ( AO ) reason for reassessment,...
