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High Court Quashes Income Tax Reassessment Notice Under Section 148 Due to Lack of Tangible Material. Reassessment Based on Seized Documents from Unrelated Entities Declared Invalid

The High Court of Gujarat allowed the writ petitions challenging reassessment notices under Section 148 of Income Tax Act, 1961. The petitioner, an in...

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Bombay High Court Quashes Reassessment Notice in Income Tax Case for Lack of Failure to Disclose Material Facts. Reassessment after four years requires showing failure to truly and fully disclose material facts, which was not established.

The petitioner, Kapstone Constructions Private Limited, challenged a notice dated 27 March 2019 issued under Section 148 of the Income Tax Act, 1961 f...

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Bombay High Court Quashes TPO Order in Transfer Pricing Adjustment for Demerger Transaction. Held that transfer pricing provisions under Section 92 of Income Tax Act, 1961 do not apply to a demerger approved by High Court where assets and liabilities are transferred at book value without any consideration.

The petitioner, Times Global Broadcasting Company Ltd, a wholly owned subsidiary of Benett, Coleman and Company Ltd (BCCL), was engaged in distributio...

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Supreme Court Commutes Death Sentence to Life Imprisonment in Rape and Murder Case — Review Petition Allowed in Open Court. Court Holds That Life Imprisonment Is the Rule and Death Sentence an Exception, and Mitigating Circumstances Must Be Considered Even in Heinous Crimes.

The Supreme Court of India heard a review petition filed by Md. Mannan @ Abdul Mannan, who had been convicted for the rape and murder of an eight-year...

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Bombay High Court at Goa Dismisses Tax Appeals in Reassessment Cases Under Section 147 of Income Tax Act, 1961. No Substantial Question of Law Found as Tribunal's Findings Were Based on Appreciation of Evidence.

The judgment pertains to multiple tax appeals filed by individual assessees against the Commissioner of Income Tax, Goa. The appellants, including Sha...