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Madras High Court Dismisses Revenue's Appeal in Deemed Dividend Case — Advances from Sister Concern for Software Development Held Not Deemed Dividend Under Section 2(22)(e) of Income-Tax Act, 1961. Business Transactions in Ordinary Course Excluded from Deemed Dividend Provisions.

The Revenue filed an appeal under Section 260A of the Income-Tax Act, 1961 against the order of the Income-Tax Appellate Tribunal, Chennai 'C' Bench d...

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High Court Allows Appeal and Remands Matter to ITAT Due to Completed Assessments During Pendency. Income Tax Appeal Under Section 260A of Income Tax Act, 1961 Remanded for Fresh Consideration in Light of Completed Assessments.

The appellant, Sri Padamanarayana Asawa, son and legal heir of late Ramvallabh Asawa, filed an appeal under Section 260A of the Income Tax Act, 1961, ...

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Bombay High Court Dismisses Assessee's Appeal in Income Tax Case Upholding Addition of Unexplained Cash Credits Under Section 68. Assessee's Failure to Maintain Books of Account and Provide Confirmations for Loan Amounts Justifies Invocation of Section 68 of Income Tax Act, 1961.

The appeal arose from an order of the Income Tax Appellate Tribunal dated 30-07-2014, which upheld the addition of certain amounts as unexplained cash...

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Bombay High Court Dismisses Revenue's Appeal in Income Tax Exemption Case. Assessee Held Eligible for Exemption Under Section 10(20A) as Development Authority and Business Commenced in Relevant Year.

The appeal was filed by the Revenue under Section 260-A of the Income Tax Act, 1961, challenging the order of the Income Tax Appellate Tribunal dated ...

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Bombay High Court Dismisses PILs Challenging Appointment of Vice Chancellor of University of Mumbai. Court upholds appointment process under Maharashtra Universities Act, 1994, finding no illegality or mala fides.

The judgment pertains to two Public Interest Litigations (PILs) and a Writ Petition challenging the appointment of Dr. Rajan Welukar as the Vice Chanc...

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Bombay High Court Quashes Reassessment Notice in Income Tax Case — Lack of Reasonable Belief of Income Escaping Assessment. Reopening Based on Change of Opinion Without Fresh Material Held Invalid Under Section 147 of the Income Tax Act, 1961.

The petitioner, M/s. Bharat Bijlee Limited, challenged a notice dated 12.10.2012 issued under Section 148 of the Income Tax Act, 1961, and an order di...