![Bombay HC quashes Maharashtra VAT Order passed after Expiry of Four Years from End Relevant Period [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/06/Bombay-high-court-Maharashtra-VAT-order-VAT-tax-act-assessment-orders-TAXSCAN.jpg "Bombay HC quashes Maharashtra VAT Order passed after Expiry of Four Years from End Relevant Period [Read Order]")
Bombay HC quashes Maharashtra VAT Order passed after Expiry of Four Years from End Relevant Period [Read Order]
A Division Bench of the Bombay High Court held that assessment order under Maharashtra Value Added Tax Act having been passed after expiry of four...
![Lack of Observations in Appellate Order indicates Non-Application of Mind: Bombay HC remands Excise Matter to CESTAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/06/bombay-high-court-Appellate-Order-Non-Application-of-Mind-Lack-of-Observations-Excise-Matter-taxscan.jpeg "Lack of Observations in Appellate Order indicates Non-Application of Mind: Bombay HC remands Excise Matter to CESTAT [Read Order]")
![CEAT entitled to Interest on Income Tax Refund of Rs. 5.24 Cr as refund more than tax determined on Regular Assessment: Bombay HC [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/05/CEAT-Income-Tax-Refund-Bombay-HC-tax-Bombay-High-Court-assessment-tax-updates-tax-news.jpg "CEAT entitled to Interest on Income Tax Refund of Rs. 5.24 Cr as refund more than tax determined on Regular Assessment: Bombay HC [Read Order]")
Bombay HC quashes Reassessment Notice under Income Tax Act in Absence of Change in Opening and Closing Stock of NCD's [Read Order]
The Bombay High Court has quashed the reassessment notice issued under the Income Tax Act, 1961 as there was no change in the opening and closing stock of the non-convertible debts ( NCDs ). It was...
![Bombay HC quashes Reassessment Notice under Income Tax Act in Absence of Change in Opening and Closing Stock of NCDs [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/05/Bombay-high-court-Income-Tax-Income-tax-news-non-convertible-debts-Tax-reassessment-taxscan.jpeg "Bombay HC quashes Reassessment Notice under Income Tax Act in Absence of Change in Opening and Closing Stock of NCDs [Read Order]")
![No Capital Gain Tax on Transfer of Share by way of Gift: Bombay HC [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/05/Bombay-high-court-capital-asset-Income-Tax-Act-capital-asset-taxscan-.jpg "No Capital Gain Tax on Transfer of Share by way of Gift: Bombay HC [Read Order]")
Notice for Reopening of Assessment Invalid on Belief of Escapement of Income when Deduction u/s 80JJAA allowed in earlier Years: Bombay HC [Read Order]
A Division bench of the Bombay High Court held that the notice for reopening of assessment is invalid on mere belief of escapement of income when the deduction under Section 80JJAA had been...
![Notice for Reopening of Assessment Invalid on Belief of Escapement of Income when Deduction u/s 80JJAA allowed in earlier Years: Bombay HC [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/05/Bombay-High-Court-Reopening-of-assessment-Section-80JJAA-Escapement-of-income-taxscan.jpeg "Notice for Reopening of Assessment Invalid on Belief of Escapement of Income when Deduction u/s 80JJAA allowed in earlier Years: Bombay HC [Read Order]")
Reopening of Income Tax Assessment on Change of Opinion Invalid when barred by Limitation: Bombay HC [Read Order]
A Division bench of the Bombay High Court has held that reopening of Income Tax assessment on the sole basis of change of opinion is invalid when the same is barred by limitation. The petitioner...
![Reopening of Income Tax Assessment on Change of Opinion Invalid when barred by Limitation: Bombay HC [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/05/Reopening-Income-Tax-Assessment-Change-of-Opinion-Invalid-barred-by-Limitation-Bombay-HC-taxscan.jpg "Reopening of Income Tax Assessment on Change of Opinion Invalid when barred by Limitation: Bombay HC [Read Order]")
Taxation and other Laws (Relaxation and Amendment of certain provisions) Act, 2020 not applicable for FY 2014-15: Bombay HC [Read Order]
A Division bench of the Bombay High Court has held that the Taxation and Other Laws (Relaxation and Amendment of certain provisions) Act, 2020 is not applicable for FY 2014-15. The petitioner is...
![Taxation and other Laws (Relaxation and Amendment of certain provisions) Act, 2020 not applicable for FY 2014-15: Bombay HC [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/05/Taxation-Laws-Relaxation-and-Amendment-certain-provisions-Act-2020-applicable-FY-2015-16-Bombay-HC-taxscan.jpg "Taxation and other Laws (Relaxation and Amendment of certain provisions) Act, 2020 not applicable for FY 2014-15: Bombay HC [Read Order]")
Sanctioning Authority should be PCCIT for Issuing Reopening Notice after Expiry of 3 Years: Bombay HC [Read Order]
The Bombay High Court held that the sanctioning authority should be the Principal Chief Commissioner of Income Tax ( PCCIT ) for issuing reopening notice after expiry of 3 years. Petitioner is...
Contribution of Rs. 212.52 Crores to CAF amounts to Revenue Expenditure: Bombay HC Rules in Favour of Tata Steel Limited [Read Order]
The Bombay High Court in a ruling in favour of Tata Steel limited held that a contribution of Rs. 212.52 Crores to the Compensatory Afforestation Fund (“CAF”) amounts to Revenue Expenditure. The...
