![Transfer of Residential Property need not include Transfer of Land in order to claim Capital Gain Exemption u/s 54: Bombay HC [Read Judgment]](https://www.taxscan.in/wp-content/uploads/2018/04/Development-Agreement-Capital-Gain-Taxscan.jpg "Transfer of Residential Property need not include Transfer of Land in order to claim Capital Gain Exemption u/s 54: Bombay HC [Read Judgment]")
Transfer of Residential Property need not include Transfer of Land in order to claim Capital Gain Exemption u/s 54: Bombay HC [Read Judgment]
The Bombay High Court has held that in order to avail the benefit of capital gain exemption under Section 54 of the Income Tax Act transfer of land is...
![Channel Subscription Fee paid to Cable Operator under Contract not FTS, attract TDS u/s 194C: Bombay High Court [Read Judgment]](https://www.taxscan.in/wp-content/uploads/2018/12/Finance-Charges-TDS-Taxscan-1.jpg "Channel Subscription Fee paid to Cable Operator under Contract not FTS, attract TDS u/s 194C: Bombay High Court [Read Judgment]")
![Bombay High Court imposes Fine on Tax Official for Unnecessary Harassment of Assessee [Read Judgment]](https://www.taxscan.in/wp-content/uploads/2019/03/Hinduja-Hospital-Bombay-High-Court-Taxscan.jpg "Bombay High Court imposes Fine on Tax Official for Unnecessary Harassment of Assessee [Read Judgment]")
![Bombay HC asks CBDT to reconsider Its Proposal to Incentivise CIT (Appeals) to enhance Assessments [Read Judgment]](https://www.taxscan.in/wp-content/uploads/2019/04/CBDT-Bombay-High-Court-Taxscan.jpg "Bombay HC asks CBDT to reconsider Its Proposal to Incentivise CIT (Appeals) to enhance Assessments [Read Judgment]")
![Advance Tax / Self-Assessed Tax paid can’t adjust against Tax admitted in IDS Declaration: Bombay HC [Read Judgment]](https://www.taxscan.in/wp-content/uploads/2018/01/Advance-Tax-Taxscan.jpg "Advance Tax / Self-Assessed Tax paid can’t adjust against Tax admitted in IDS Declaration: Bombay HC [Read Judgment]")
![Income Tax Re-Assessment Notice to a Dead Person is Invalid: Bombay High Court [Read Judgment]](https://www.taxscan.in/wp-content/uploads/2019/04/Income-Tax-Re-Assessment-Bombay-High-Court-Taxscan.jpg "Income Tax Re-Assessment Notice to a Dead Person is Invalid: Bombay High Court [Read Judgment]")
Receipt from Patients Shared with Consulting Doctors in a Fixed Ratio subject to TDS: Bombay High Court [Read Judgment]
The Bombay High Court has held that the sharing of receipts received from patients with consultant doctors in the fixed ratio was liable for Tax Deduction at Source ( TDS ) under Section 194J of the...
![Receipt from Patients Shared with Consulting Doctors in a Fixed Ratio subject to TDS: Bombay High Court [Read Judgment]](https://www.taxscan.in/wp-content/uploads/2018/08/Reimbursement-TDS-Taxscan.jpg "Receipt from Patients Shared with Consulting Doctors in a Fixed Ratio subject to TDS: Bombay High Court [Read Judgment]")
No Capital Gain when new Partner bring Cash by way of Capital Contribution and Retiring Partners take Cash and Retire: Bombay HC [Read Judgment]
The Bombay High Court on March 26th earlier this year ruled that when new Partner brings Cash by way of Capital Contribution and Retiring Partners take Cash and Retire, No Capital Gain happens. The...
![No Capital Gain when new Partner bring Cash by way of Capital Contribution and Retiring Partners take Cash and Retire: Bombay HC [Read Judgment]](https://www.taxscan.in/wp-content/uploads/2018/04/Capital-Gain-Sale-of-SHares-Taxscan.jpg "No Capital Gain when new Partner bring Cash by way of Capital Contribution and Retiring Partners take Cash and Retire: Bombay HC [Read Judgment]")
Large Investments in Aditya Birla Telecom through Mauritius Entity not a Colorable Device to evade Tax: Bombay HC [Read Judgment]
The High Court of Bombay has ruled that Large investments in Aditya Birla Telecom through Mauritius Entity is not an instance of a colourable device to evade tax. While granting relief to the...
![Large Investments in Aditya Birla Telecom through Mauritius Entity not a Colorable Device to evade Tax: Bombay HC [Read Judgment]](https://www.taxscan.in/wp-content/uploads/2019/04/Aditya-Birla-Telecom-Bombay-High-Court-Taxscan.jpg "Large Investments in Aditya Birla Telecom through Mauritius Entity not a Colorable Device to evade Tax: Bombay HC [Read Judgment]")
Condition for Depositing 20% Tax on pending Appeal is not Rigid One, can’t be implemented in all Cases: Bombay HC [Read Judgment]
A two-judge bench of the Bombay High Court has held that the requirement of 20% pre deposit of tax pending appeal is not rigid one and cannot be implemented in all cases of outstanding dues. The...
![Condition for Depositing 20% Tax on pending Appeal is not Rigid One, can’t be implemented in all Cases: Bombay HC [Read Judgment]](https://www.taxscan.in/wp-content/uploads/2019/03/Redemption-Fine-Bombay-High-Court-Taxscan.jpg "Condition for Depositing 20% Tax on pending Appeal is not Rigid One, can’t be implemented in all Cases: Bombay HC [Read Judgment]")
Section 28(ii)(c) would not attract merely because Agreement contains the Term ‘Agency’: Bombay HC [Read Judgment]
A two-judge bench of the Bombay High Court has held that mere reference of the term 'agency' in the agreement itself is not conclusive of the relationship between parties for attracting Section...
![Section 28(ii)(c) would not attract merely because Agreement contains the Term ‘Agency’: Bombay HC [Read Judgment]](https://www.taxscan.in/wp-content/uploads/2019/01/GST-Bombay-High-Court-Taxscan.jpg "Section 28(ii)(c) would not attract merely because Agreement contains the Term ‘Agency’: Bombay HC [Read Judgment]")
Non-Competent Fee received from sale of Business Asset taxable as Long Term Capital Gain: Bombay HC [Read Judgment]
A two-judge bench of the Bombay High Court has held that the non-competent fee received by the assessee from the sale of the business assets was not assessable as profits of business under Section...
![Non-Competent Fee received from sale of Business Asset taxable as Long Term Capital Gain: Bombay HC [Read Judgment]](https://www.taxscan.in/wp-content/uploads/2017/08/Non-Compete-Fee-Taxscan.jpg "Non-Competent Fee received from sale of Business Asset taxable as Long Term Capital Gain: Bombay HC [Read Judgment]")