![Settlement Commission can’t make Suo Motu Rectification of its own order passed u/s 245D (4) in respect of Any Debatable issue: Bombay HC [Read Judgment]](https://www.taxscan.in/wp-content/uploads/2018/04/Settlement-Commission-Bombay-High-Court.jpg "Settlement Commission can’t make Suo Motu Rectification of its own order passed u/s 245D (4) in respect of Any Debatable issue: Bombay HC [Read Judgment]")
Settlement Commission can’t make Suo Motu Rectification of its own order passed u/s 245D (4) in respect of Any Debatable issue: Bombay HC [Read Judgment]
The Bombay High Court while dismissing writ petition ruled that Settlement Commission cannot make suo motu rectification of its own order passed under...
![Trust not Entitled to Exemption since it had not Maintained Books of Accounts in respect of its Incidental Business: Bombay HC [Read Judgment]](https://www.taxscan.in/wp-content/uploads/2017/11/Trust-Taxscan.jpg "Trust not Entitled to Exemption since it had not Maintained Books of Accounts in respect of its Incidental Business: Bombay HC [Read Judgment]")
![Payment made for Channel Placement is not Royalty: Bombay HC deletes Sec 40(a)(i) Disallowance [Read Judgment]](https://www.taxscan.in/wp-content/uploads/2018/03/Channel-Placement-Bombay-High-Court-Taxscan.jpg "Payment made for Channel Placement is not Royalty: Bombay HC deletes Sec 40(a)(i) Disallowance [Read Judgment]")
![Bombay HC Stays Income Tax Notice against UBER India [Read Order]](https://www.taxscan.in/wp-content/uploads/2017/12/UBER-Taxscan.jpg "Bombay HC Stays Income Tax Notice against UBER India [Read Order]")
Re-Assessment Notice Issued without Application of Mind can’t be cured by invoking Sec 292B: Bombay HC [Read Judgment]
The Bombay High Court has held that re-assessment notice issued with non-application of mind cannot be rectified by invoking Section 292B of the Income Tax Act. A division bench comprising of Justice...
![Re-Assessment Notice Issued without Application of Mind can’t be cured by invoking Sec 292B: Bombay HC [Read Judgment]](https://www.taxscan.in/wp-content/uploads/2017/12/Notice-Taxscan.jpg "Re-Assessment Notice Issued without Application of Mind can’t be cured by invoking Sec 292B: Bombay HC [Read Judgment]")
Letter allowing Provisional release u/s 110A of the Customs Act, 1962 is Appealable: Bombay HC [Read Judgment]
Recently, a two-judge bench of Bombay High Court in The Commissioner of Customs (Import -I) vs. S.S. Offshore Pvt. Ltd. held that the Customs, Excise & Service Tax Appellate Tribunal has the...
Interest on FD made with the Bank on receipt of Compensation under Land Acquisition Act is Taxable Even If No Final Order is Delivered: Bombay HC
Recently, a division bench of the Bombay High Court ruled that the interest received on the fixed deposits made with the Bank on receipt of enhanced compensation under the Land Acquisition Act is...
Income from Turnkey- Contract of Plantation would not constitute ‘Agricultural Income’: Bombay HC [Read Judgment]
Denying income tax exemption to The Forest Development Corporation of Maharashtra Limited, a division bench of the Bombay High Court held that income from turnkey- contract of plantation would not...
Once Relief for Industrial Undertakings u/s 80IB is allowed for Initial Year, the Dept cannot Withdraw the same for Subsequent Years: Bombay HC
The Nagpur bench of the Bombay High Court in Simple Food Products Pvt. Ltd. Nagpur v. CIT, held that the Department cannot withdraw the relief for Industrial Undertakings under Section 80IB of the...
Salary Paid to Partners can be Deducted from Amount Surrendered to Dept If such Amount was shown as Business Income: Bombay HC [Read Judgment]
A division bench of the Bombay High Court, in M/s Bagdi Enterprises v. ITO, Nagpur, held that a Firm can claim a deduction of salary paid to partners on amount surrendered to the department if such...
![Share Premium is Capital Receipt, Not taxable: Bombay HC [Read Judgment]](https://www.taxscan.in/wp-content/uploads/2016/07/Shares-TaxScan.jpg "Share Premium is Capital Receipt, Not taxable: Bombay HC [Read Judgment]")