![AO Not Bound by Municipal Rateable Value, Can Fix Fair Rent Independently u/s 23(1)(a) Income Tax Act: Bombay HC [Read Order]](https://images.taxscan.in/h-upload/2025/08/25/500x300_2080411-ao-municipal-rateable-fair-rent-independently-income-tax-act-bombay-hc-taxscan.webp "AO Not Bound by Municipal Rateable Value, Can Fix Fair Rent Independently u/s 23(1)(a) Income Tax Act: Bombay HC [Read Order]")
AO Not Bound by Municipal Rateable Value, Can Fix Fair Rent Independently u/s 23(1)(a) Income Tax Act: Bombay HC [Read Order]
In a recent ruling, the Bombay High Court held that the Assessing Officer is not bound to accept the municipal rateable value while determining the...
![Rajasthan HC Condones 700-Day Delay in Filing Audit Report by Charitable Trust considering Lack of Malafide Intention [Read Order]](https://images.taxscan.in/h-upload/2025/08/20/250x150_2078654-rajasthan-hc-condones-700-day-delay-condones-day-delay-taxscan.webp "Rajasthan HC Condones 700-Day Delay in Filing Audit Report by Charitable Trust considering Lack of Malafide Intention [Read Order]")
![CIT’s Order to Recompute Tamil Nadu Cements’ Set-Off Valid as Method Used Was Faulty: Madras HC [Read Order]](https://images.taxscan.in/h-upload/2025/07/04/250x150_2059220-cits-order-cits-order-for-tamil-nadu-cements-taxscan.webp "CIT’s Order to Recompute Tamil Nadu Cements’ Set-Off Valid as Method Used Was Faulty: Madras HC [Read Order]")
![TDS Deducted, Physical Verification Done, Payments by Cheque : Madras HC Upholds ITAT Order Allowing Development Expenses, Rejects Revenue’s Appeal [Read Order]](https://images.taxscan.in/h-upload/2025/07/05/250x150_2059395-itat-order-taxscan.webp "TDS Deducted, Physical Verification Done, Payments by Cheque : Madras HC Upholds ITAT Order Allowing Development Expenses, Rejects Revenue’s Appeal [Read Order]")
![Life Membership Fee received by Private Club is Capital Receipt, Not Taxable to Income: Madras HC [Read Order]](https://images.taxscan.in/h-upload/2025/07/05/250x150_2059373-capital-receipt-1.webp "Life Membership Fee received by Private Club is Capital Receipt, Not Taxable to Income: Madras HC [Read Order]")
No Interference with Order by Income Tax Settlement Commission Unless Contrary to Law or involves Bias, Fraud, or Malice: Madras HC [Read Order]
The Madras High Court has ruled that courts cannot interfere with orders passed by the Income Tax Settlement Commission unless they are contrary to law or involve bias, fraud, or malice. The...
![No Interference with Order by Income Tax Settlement Commission Unless Contrary to Law or involves Bias, Fraud, or Malice: Madras HC [Read Order]](https://images.taxscan.in/h-upload/2025/07/04/500x300_2059135-income-tax-settlement-commission-law-taxscan.webp "No Interference with Order by Income Tax Settlement Commission Unless Contrary to Law or involves Bias, Fraud, or Malice: Madras HC [Read Order]")
Reopening Based on Information in Audited Statements Invalid: Madras HC Finds No Failure by Company to Disclose Material Facts
In a recent ruling, the Madras High Court held that reopening the assessment of Sterling Tree Magnum India Ltd was invalid as the reassessment was based solely on information already available in...
Relief for Hyundai: Madras HC Rules Income Tax Assessment Cannot Be Reopened Just for AO's Changed Opinion on Forex Gains [Read Order]
In a recent ruling, the Madras High Court quashed the reopening of Hyundai Motor India Ltd’s income tax assessment, stating that the action was based merely on a change of opinion by the Assessing...
![Relief for Hyundai: Madras HC Rules Income Tax Assessment Cannot Be Reopened Just for AOs Changed Opinion on Forex Gains [Read Order]](https://images.taxscan.in/h-upload/2025/07/03/500x300_2058629-relief-for-hyundai-hyundai-madras-hc-madras-hc-rules-taxscan.webp "Relief for Hyundai: Madras HC Rules Income Tax Assessment Cannot Be Reopened Just for AOs Changed Opinion on Forex Gains [Read Order]")
Win for Deloitte: Madras HC Rules Firms and HUFs Cannot Be Partners in a Firm, Quashes PCIT Order Disallowing Partner Remuneration [Read Order]
In a recent decision, the Madras High Court quashed the Principal Commissioner of Income Tax’s (PCIT) order against Deloitte Haskins & Sells, ruling that only individuals and not firms or Hindu...
![Win for Deloitte: Madras HC Rules Firms and HUFs Cannot Be Partners in a Firm, Quashes PCIT Order Disallowing Partner Remuneration [Read Order]](https://images.taxscan.in/h-upload/2025/06/16/500x300_2045458-deloitte-win-taxscan.webp "Win for Deloitte: Madras HC Rules Firms and HUFs Cannot Be Partners in a Firm, Quashes PCIT Order Disallowing Partner Remuneration [Read Order]")
Non-Consideration of Statement: Bombay HC directs Dept to Reconsider Customs Classification Issue with Personal Hearing Opportunity [Read Order]
The High Court of Bombay in a recent matter quashed a show-cause notice and impugned order in a matter regarding disputed Customs Tariff Classification of Goods citing the lack of consideration of...
Non-Filing of Declaration & Input-Output Ratio is not Pre-Condition for Claiming Rebate on Excise of Exported Goods: Bombay HC Rules in Favour of Volvo Group [Read Order]
In a ruling in favour of Volvo Groups, the Bombay High Court held that non-filing of declaration & input-output ratio is not a pre-condition for claiming rebate on excise of exported goods. It...
GST Commissioner to Recover Interest on Non-Renewal of ₹2.22 Cr FDs from Officers' Salary: Bombay HC [Read Order]
The Bombay High Court has directed the Commissioner of GST and Central Excise ( CX ) to recover interest from the salaries or retirement benefits of officers responsible for the non-renewal of fixed...
![GST Commissioner to Recover Interest on Non-Renewal of ₹2.22 Cr FDs from Officers Salary: Bombay HC [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/09/GST-Bombay-High-Court-Bombay-HC-TAXSCAN.jpg "GST Commissioner to Recover Interest on Non-Renewal of ₹2.22 Cr FDs from Officers Salary: Bombay HC [Read Order]")