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High Court of Bombay

Relief to Pfizer: Bombay HC Quashes Reopening of Assessment on Promotional Expenses, Terms It Change of Opinion [Read Order]

Sneha Sukumaran Mullakkal

The High Court of Bombay quashed the reopening of assessment initiated under Section 148 of Income Tax Act,1961 against Pfizer Limited for Assessment...

Provisional Attachment - Bank Account - Provisional Attachment of Bank Account - Customs - taxscan

Provisional Attachment of Bank Account under Customs Act Deemed Illegal Citing Procedural...

Service Tax Liability Quantified Before Cut-off Date; Bombay HC Affirms Eligibility under Sabka...

No Excise duty leviable on Aluminium Dross and Skimming generated while processing Aluminium Ingots:...

Constitutional Validity - Goa Cess On Fluid Milk - Supreme Court - Notice - taxscan

Petition Challenging Constitutional Validity of Goa Cess On Fluid Milk (Control) Act, 2000: Supreme...

Tribunal failed to issue specific directions to AO as to what has to be done after the assessee files the working sheet: Madras HC

The Madras High Court while quashing the order of the tribunal held that though the tribunal directed the assessee to work out the expenditure component towards administrative and managerial aspect so...

State to decide If Lawyers are ‘Essential Services Provider’: Bombay HC dismisses plea to Exempt Lawyers from COVID-19 Lockdown [Read Order]

The High Court of Bombay dismissed a petition seeking exemption for lawyers and legal service staffers from lockdown restrictions which were imposed to contain the spread of the disease, and seeking...

Bombay HC confirms Final Estimated amount of 55.56 Lakhs payable by Eureka Foundation under SVLDRS [Read Order]

The High Court of Bombay confirmed the quantification of the final estimated amount of 55.56 Lakhs payable by Eureka Foundation under Sabka Vishwas (Legally Dispute Resolution) Scheme, 2019. The...

In Accommodation Entry Business, entire Deposits can’t be assessed as Unexplained Cash Credits: Bombay HC [Read Order]

The High Court of Bombay recently ruled that in the Accommodation Entry Business, entire deposits cannot be assessed as unexplained cash credits. The Assessee, Alag Securities Pvt. Ltd is engaged in...

Re-Assessment cannot survive without Valid Reason: Bombay HC [Read Judgment]

The High Court of Bombay while setting aside all the notices and consequential draft assessment orders held that if the very basis for re-assessment does not survive, orders on such re-opening would...

Entire Purchases can’t be Disallowed as Bogus, If AO accepted Sales: Bombay HC [Read Judgment]

The High Court of Bombay held that though genuineness of the purchases and sales were not proved, yet it was noted that the Assessing Officer(AO) had accepted the sales and gross profit declared in...

Collector of Stamps erred in not Adverting to Sale Value approved by Charity Commissioner in case of Trust’s Sale Deed: Bombay HC [Read Judgment]

The High Court of Bombay, while setting aside the order passed by the Collector of Stamps and held that the Collector of Stamps committed a manifest error in not at all adverting to the fact that the...