Bombay High Court

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Bombay High Court Allows Writ Petition in Income Tax Reassessment Case — Addition Under Section 68 for Bogus Purchases Set Aside. Court holds that without proper inquiry into the genuineness of purchases, addition of 100% of alleged bogus purchases is unsustainable and remands matter for fresh assessment....

The petitioner, Agarwal Industrial Corporations Limited, filed a return of income declaring total income of Rs.93,92,140/-. The assessment was completed under Section 143(3) of the Income Tax Act, 196...

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Bombay High Court Quashes Reassessment Order in Income Tax Case Due to Non-Application of Mind and Lack of Independent Satisfaction. Notice under Section 148 of Income Tax Act, 1961 held invalid as Assessing Officer failed to form independent belief based on tangible material....

The petitioner, Devkant Synthetics India Pvt. Ltd., a company engaged in trading of shares and securities, filed its return of income for assessment year 2013-14 declaring a total income of Rs.23,16,5...

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Bombay High Court Quashes Reassessment Notice in Income Tax Case for Lack of Fresh Material. Section 148 Notice Based on Mere Change of Opinion Without New Tangible Material is Invalid....

The petitioner, Konark Life Spaces, a registered partnership firm, challenged a notice under Section 148 of the Income Tax Act, 1961 dated 30 March 2021 seeking to reopen the assessment for the assess...

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Bombay High Court Quashes Reassessment Notice Issued to Non-Existent Company Post-Amalgamation — Notice Under Section 148 of Income Tax Act, 1961 Invalid as Issued to Entity No Longer in Existence. Amalgamation Resulted in Dissolution of Transferor Company, Making Notice Void Ab Initio....

The Petitioner, CLSA India Private Limited, challenged a notice dated 31st March 2021 issued under Section 148 of the Income Tax Act, 1961, and the consequent assessment order dated 31st March 2022 fo...

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Bombay High Court Quashes Reassessment Notice Under Section 148 of Income Tax Act for Lack of Reason to Believe. Transfer of Development Rights Not Constituting Transfer Under Section 2(47) of Income Tax Act, 1961....

The petitioner, Late Bharat Jayantilal Patel (since deceased through legal heir Smt. Minal Bharat Patel), challenged a notice issued under Section 148 of the Income Tax Act, 1961 dated 22 March 2021 f...

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Bombay High Court Quashes Reassessment Notice Under Section 148 of Income Tax Act for Lack of Fresh Material. Reopening Based on Mere Change of Opinion on Allowability of Sales Promotion and Physician Sample Expenses is Invalid....

The petitioner, Abbott India Limited (successor of Solvay Pharma India Ltd.), challenged a notice dated 27 March 2015 issued under Section 148 of the Income Tax Act, 1961 for reopening of assessment f...

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Bombay High Court Quashes Reassessment Notice Under Section 148 of Income Tax Act for Lack of Fresh Material — Reopening Based on Change of Opinion Not Permissible. The court held that the Assessing Officer cannot reopen an assessment on the same material already examined in the original assessment under Section 143(3) of the Income Tax Act, 1961....

The petitioner, Bharat Amratlal Shah, challenged a notice dated 31 March 2021 issued under Section 148 read with Section 147 of the Income Tax Act, 1961, seeking to reopen his assessment for the asses...

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Bombay High Court Allows Writ Petition Challenging Blacklisting by Railways — Violation of Natural Justice and Unreasoned Order. The court set aside the blacklisting order for being arbitrary and in violation of principles of natural justice....

The petitioner, Apar Industries Ltd., a major supplier of Over Head Equipment to the Indian Railways, challenged a blacklisting order passed by the Railways. The dispute arose from a contract for supp...

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Bombay High Court Acquits Appellant in Murder Case Due to Inconsistent Evidence and Doubtful Identification. Conviction under Section 302 IPC set aside as prosecution failed to prove guilt beyond reasonable doubt....

The appellant, Rakesh @ Bhaiya Shambhuprasad Gupta, was convicted by the learned Additional Sessions Judge, Nashik, in Sessions Case No.206 of 2012 for offences punishable under Sections 302 and 323 r...