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![Bombay HC deletes addition on Interest Expenditure on availability of Interest-Free Surplus Fund to make Investment [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/02/Bombay-HC-Interest-Expenditure-Interest-Free-Surplus-Fund-Investment-TAXSCAN.jpg "Bombay HC deletes addition on Interest Expenditure on availability of Interest-Free Surplus Fund to make Investment [Read Order]")
Bombay HC deletes addition on Interest Expenditure on availability of Interest-Free Surplus Fund to make Investment [Read Order]
The Bombay High Court deleted the addition made on account of interest expenditureas the assessee, Godrej & BoyceMfg. Co. Ltd, had sufficient...
![Income Tax Departments Delay to comply with Assessees Refund Request: Bombay HC Directs to Issue Additional Refund [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/02/Income-Tax-Department-Delay-Assessee-Refund-Bombay-High-Court-Additional-Refund-Taxscan.jpg "Income Tax Departments Delay to comply with Assessees Refund Request: Bombay HC Directs to Issue Additional Refund [Read Order]")
![Failure to Get Sanction u/s 151(ii) from PCIT for Reopening of Assessment beyond 3 years will Invalidate Reassessment Proceedings: Bombay HC [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/02/Sanction-PCIT-Reopening-of-Assessment-Assessment-Reassessment-Proceedings-Bombay-High-Court-Taxscan.jpg "Failure to Get Sanction u/s 151(ii) from PCIT for Reopening of Assessment beyond 3 years will Invalidate Reassessment Proceedings: Bombay HC [Read Order]")
Disputed Income Tax Calculation based on FAQ from CBDT Circular invalid if Specific Provision exists in Act: Bombay HC remands matter [Read Order]
A Division Bench of the Bombay High Court has recently remanded an income tax matter to the Principal Commissioner, while the impugned order was quashed and set aside as the calculations were based...
![Disputed Income Tax Calculation based on FAQ from CBDT Circular invalid if Specific Provision exists in Act: Bombay HC remands matter [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/02/DIncome-Tax-Calculation-FAQ-CBDT-Circular-Bombay-HC-TAXSCAN.jpg "Disputed Income Tax Calculation based on FAQ from CBDT Circular invalid if Specific Provision exists in Act: Bombay HC remands matter [Read Order]")
![Mere Change of Opinion does not provide Jurisdiction to Re-Open Assessment: Bombay HC [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/02/Mere-Change-of-Opinion-Jurisdiction-Re-Open-Assessment-Bombay-HC-Taxscan.jpg "Mere Change of Opinion does not provide Jurisdiction to Re-Open Assessment: Bombay HC [Read Order]")
No Satisfaction of Jurisdictional conditions by AO: Bombay HC quashes Re-Assessment Notice [Read Order]
The Bombay High Court quashed re assessment notice on the ground that no satisfaction of jurisdictional conditions by the Assessing Officer (AO). The petitioner, Standard Industries Limited, is...
![No Satisfaction of Jurisdictional conditions by AO: Bombay HC quashes Re-Assessment Notice [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/02/Bombay-High-Court-Re-Assessment-Notice-Bombay-HC-quashes-Re-Assessment-Notice-Jurisdictional-conditions-AO-Assessing-Officer-Re-Assessment-Taxscan.jpg "No Satisfaction of Jurisdictional conditions by AO: Bombay HC quashes Re-Assessment Notice [Read Order]")
![Re-Opening Assessment based on Mere Change of Opinion is not Allowable: Bombay HC [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/02/Re-Opening-Assessment-Bombay-High-Court-Opinion-Assessment-Taxscan.jpg "Re-Opening Assessment based on Mere Change of Opinion is not Allowable: Bombay HC [Read Order]")
Failure to satisfy conditions u/s 147 and Non- Application of mind: Bombay HC quashes Reassessment notice [Read Order]
The Bombay High Court quashed the reassessment notice on the ground of failure to satisfy conditions under Section 147 of the Income Tax Act, 1961 and non-application of mind. The Petitioner,...
![Failure to satisfy conditions u/s 147 and Non- Application of mind: Bombay HC quashes Reassessment notice [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/02/Non-Application-Bombay-High-Court-Reassessment-notice-Reassessment-Taxscan.jpg "Failure to satisfy conditions u/s 147 and Non- Application of mind: Bombay HC quashes Reassessment notice [Read Order]")
![Bombay HC orders re consideration on classification of ACP under CETA [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/02/Bombay-High-Court-ACP-CETA-Central-Excise-Tariff-Act-Excise-Tariff-taxscan-.jpg "Bombay HC orders re consideration on classification of ACP under CETA [Read Order]")
![Re-Assessment Against Non-Existent Company Not Valid despite Active PAN: Bombay HC [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/02/Re-Assessment-Non-Existent-Company-PAN-Bombay-HC-Taxscan.jpg "Re-Assessment Against Non-Existent Company Not Valid despite Active PAN: Bombay HC [Read Order]")