Bombay High Court
Bombay High Court, Bombay HC, Mumbai High Court, High Court of Bombay
![Subsidy received as Excise Duty Reimbursement is a Capital Receipt, not Taxable: Bombay HC [Read Judgment]](https://www.taxscan.in/wp-content/uploads/2016/06/Bombay-High-Court-2-Tax-Scan.jpg "Subsidy received as Excise Duty Reimbursement is a Capital Receipt, not Taxable: Bombay HC [Read Judgment]")
Subsidy received as Excise Duty Reimbursement is a Capital Receipt, not Taxable: Bombay HC [Read Judgment]
The division bench of the Bombay High Court in Commissioner of Income Tax 4 v. M/s. Harinagar Sugar Mills Ltd, held that the subsidy received from the...
![Sales Tax cannot be levied on BrahMos Aerospace, says Bombay HC [Read Judgment]](https://www.taxscan.in/wp-content/uploads/2017/01/BrahMos-Taxscan.jpg "Sales Tax cannot be levied on BrahMos Aerospace, says Bombay HC [Read Judgment]")
Foreign Taxes not entitled to Double Tax Relief can be allowed as Deduction u/s 40(a)(ii) of the Income Tax Act: Bombay HC [Read Judgment]
In a significant Judgment, a division bench of the Bombay High Court held that the foreign taxes which are not entitled for double tax relief under sections 90 and 91 of the Income Tax Act can be...
Customs Duty Exemption is not Available for Diagnostic Centres, without IP Treatment Facilities: Bombay HC [Read Judgment]
The division bench of the Bombay High Court recently confirmed the demand of customs duty from diagnostic centres, without indoor patient treatment facilities, in respect of import of medical...
S. 52C is not applicable to Capital Gains arising out of the Transfer of Leasehold Property: Bombay HC [Read Judgment]
In a recent decision, the Bombay High Court observed that Section 52C of the Income Tax Act is not applicable in case of Capital Gains arising out of the transfer of leasehold property under the...
Sales Tax cannot be levied on the purchaser of the property, who has no prior knowledge of the dues of the defaulter: Bombay HC [Read Judgment]
Recently, the division bench of the Bombay High Court, in a recent ruling, held that a bonafide purchaser who purchased the property of the defaulter cannot be liable to Sales Tax dues of the latter...
TDS not payable by an Insurance Co. in respect of the interest payment made under the Award of the Tribunal: Bombay HC [Read Judgment]
While upholding the attachment warrant issued against the Insurance Company, the Bombay High Court held that the Company need not pay TDS in respect of the interest payment made under the award of the...
Notice u/s 158BC cannot be issued If No Incriminating Material Found during the Search: Bombay HC [Read Judgment]
In a recent ruling, the division bench of the Bombay High Court held that discovering an incriminatory material during the search is a mandatory requirement to initiate proceedings against the...