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Bombay High Court Allows Revenue's Appeal in FII Capital Gains Tax Case — Remands to ITAT for Fresh Consideration of Article 24 DTAA Compliance. Interpretation of Article 24 of India-Singapore DTAA requires examination of whether capital gains were subject to tax in Singapore on receipt basis.

The case involves an appeal by the Commissioner of Income Tax (IT) - 2 against an order of the Income Tax Appellate Tribunal (ITAT) dated 24 March 201...

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Bombay High Court Dismisses Tenants' Petition in Land Possession Dispute Under Section 33B of Maharashtra Tenancy and Agricultural Lands Act, 1948. Landlords' Certificate of Exemption Under Section 88C Upheld, Personal Cultivation Need Established.

The case involves a dispute between the petitioners, who are the heirs of the original tenant Kondiba Dnyanu Dongale, and the respondents, who are the...

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Bombay High Court Allows Writ Petition Challenging Reopening of Assessment Under Section 148 of Income Tax Act, 1961 Based on Change of Opinion. Reassessment Notice and Order Quashed as Assessing Officer Had No Fresh Tangible Material to Justify Reopening.

The petitioner, Aroni Commercials Limited, challenged a notice dated 28 March 2013 under Section 148 of the Income Tax Act, 1961 seeking to reopen its...

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Bombay High Court Quashes Reopening Notice Under Section 148 Income Tax Act for Mere Change of Opinion. Assessment Completed Under Section 143(3) Cannot Be Reopened Without Fresh Tangible Material.

The petitioner, Sanand Properties Pvt. Ltd., filed a return for Assessment Year 2008-09 declaring income of Rs.20.33 lakhs, later revised to Rs.19.14 ...

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Bombay High Court Dismisses Husband's Challenge to Interim Maintenance Order — Income Tax Returns Not Conclusive for Maintenance. Court Holds That Net Taxable Income Is Not the Sole Basis for Determining Maintenance Under Matrimonial Law.

The petitioner husband challenged the Family Court's order granting interim maintenance of Rs.20,000 to his wife and Rs.10,000 each to their two sons....