AO cannot Re-open Assessment to Remedy Error Resulting from Oversight in Assessment Proceeding: Bombay HC [Read Order]
In a recent decision, the Bombay High Court observed that the Assessing Officer ( AO ) cannot re-open assessment to remedy error resulting from...
![Bona Fide Banking Business in Mauritius Exempt from Income Tax in India: Bombay HC grants Relief to HSBC Bank [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/02/Bombay-HC-Bombay-High-Court-HSBC-Bank-HSBC-Bank-tax-exemption-Bombay-High-Court-HSBC-ruling-Taxscan.webp "Bona Fide Banking Business in Mauritius Exempt from Income Tax in India: Bombay HC grants Relief to HSBC Bank [Read Order]")
![Income Tax Deduction on Excise Duty does not Amount to Double Deduction: Bombay HC [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/02/Bombay-High-Court-Income-Tax-Income-Tax-Deduction-taxscan.jpg "Income Tax Deduction on Excise Duty does not Amount to Double Deduction: Bombay HC [Read Order]")
![Change of Opinion is not reason to believe that Income chargeable to tax has escaped Assessment u/s 143(3) of Income tax act: Bombay HC [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/01/Change-of-Opinion-Income-chargeable-tax-Assessment-Income-Tax-Act-Bombay-HC-taxscan.jpeg "Change of Opinion is not reason to believe that Income chargeable to tax has escaped Assessment u/s 143(3) of Income tax act: Bombay HC [Read Order]")
Agreement to Provide Manpower for Maintenance is Contract of Service, not Sale under MVAT Act: Bombay HC [Read Order]
The Bombay High Court ruled that the agreement to provide manpower for maintenance is contract of service, not sale under the Maharashtra Value Added Tax Act, 2002 (the MVAT Act). The Appellant...
Reassessment Proceedings Alleging Escapement of Income on transfer of Leasehold Right: Bombay HC sets aside Order as tax already paid [Read Order]
The Bombay High Court set aside the reassessment proceedings alleging escapement of income on the transfer of leasehold rights. Peoples Education Society Thane, the petitioner is a charitable...
Relief to Agriculturist and Auto Driver: Bombay HC quashes Sanction and Assessment Order given u/s 151(i) instead of 151(ii) of IT Act [Read Order]
The Bombay High Court, has invalidated income tax assessments and subsequent proceedings for the assessment year 2016-2017 against agriculturists and rickshaw drivers due to improper sanction. The...
![Relief to Agriculturist and Auto Driver: Bombay HC quashes Sanction and Assessment Order given u/s 151(i) instead of 151(ii) of IT Act [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/12/Agriculturist-Auto-Driver-Bombay-High-Court-Assessment-Order-tax-assessments-improper-sanction-taxscan.jpg "Relief to Agriculturist and Auto Driver: Bombay HC quashes Sanction and Assessment Order given u/s 151(i) instead of 151(ii) of IT Act [Read Order]")
Interim Relief to Paypal: Bombay HC stays Rs. 32.39 Crore time barred Income Tax Demand [Read Order]
The Bombay High Court has issued an ad-interim order, staying the enforcement of a substantial tax demand amounting to Rs. 32.39 crore and all associated proceedings against PayPal Payments Private...
Retirement amount received by partner through Arbitration Proceedings from partnership firm is not chargeable to tax: Bombay HC quashes Reassessment Proceedings [Read Order]
In a recent case, the Bombay High Court, while quashing the reassessment proceedings, held that the retirement amount received by the partner through arbitration proceedings from the partnership firm...
Relief to Vodafone Idea: Bombay HC directs Refund of Prepaid Taxes of Rs. 1128.47 crores; Quashes FAO's Time-barred Order [Read Order]
Vodafone Idea has received relief from the Bombay High Court, which has instructed the Income Tax authorities to reimburse the prepaid taxes amounting to Rs. 1128.47 crores. Additionally, the court...
