Search Results for "Completed Assessments"

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High Court of Karnataka Allows KSRTC Appeal in Property Tax Reassessment Case — Reassessment Notice After 14 Years Held Time-Barred. Commissioner's Power to Reopen Assessment Under Section 112-A(4) of Karnataka Municipal Corporations Act, 1976 Must Be Exercised Within a Reasonable Period of 3 Years.

The Karnataka State Road Transport Corporation (KSRTC) appealed against a Single Judge order that upheld the Commissioner's power to reopen property t...

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Bombay High Court Allows Petitioner in Income Tax Reassessment Case Due to Lack of Fresh Material and No Failure to Disclose. Reopening Beyond Four Years Invalid as Revenue Failed to Allege Non-Disclosure Under Section 147 of Income Tax Act, 1961.

The petitioner, Sun Tan Trading Co. Ltd., is engaged in the business of import and distribution of alcoholic beverages in India. It had entered into a...

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Bombay High Court Quashes Reassessment Notice Under Section 148 of Income Tax Act for Lack of Fresh Material. Notice Issued Beyond Four Years Based on Mere Change of Opinion on Already Scrutinized Transactions is Invalid.

The petitioner, Sterlite Technologies Limited, challenged a notice dated 27 March 2021 issued under Section 148 of the Income Tax Act, 1961 for reasse...

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Bombay High Court Allows Auction Purchasers' Petition in SARFAESI Act Case Due to Overriding Effect of Section 26E Over MVAT Act. Property Purchased in SARFAESI Auction Held Free from Prior Sales Tax Attachment Under Section 38C of MVAT Act.

The petitioners, Shailesh K. Bothra and Mukesh C. Karwa, were auction purchasers of a property sold by Cholamandalam Investment & Finance Co. Ltd. (pe...

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Bombay High Court Quashes Reopening of Assessment Under Section 148 of Income-tax Act, 1961 for Lack of Fresh Material. Reassessment Based on Change of Opinion on Commission Payment to Directors Held Invalid as All Issues Were Examined During Original Assessment.

The Petitioner, M/s. Dalal & Broacha Stock Broking Pvt. Ltd., a stock broking company, filed its return of income for Assessment Year 2008-09 declarin...

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Bombay High Court Allows DNB Trainees' Petitions Against NBE Communication Denying Registration for July 2010 Session. Court Holds That NBE's Communication Was Arbitrary and Violative of Principles of Natural Justice as It Was Issued Without Prior Notice or Opportunity of Hearing.

The judgment concerns a batch of nine writ petitions filed by doctors challenging a communication dated 14 June 2011 issued by the National Board of E...