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Bombay High Court Examines Challenge to Municipal Property Tax Recovery by Attachment and Auction Sale. Petitioner Assails Auction and Sale Certificate on Grounds of Violation of Standing Orders and Taxation Rules Under Maharashtra Municipal Corporations Act, 1949.

By way of this writ petition before the Bombay High Court, Nagpur Bench, the petitioner, a retired principal and co-owner of an open plot in Nagpur, c...

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Supreme Court Allows Revenue Appeal in Income Tax Matter, Holding Bonus Shares Converted into Stock-in-Trade are Taxable as Business Profits. Bonus Shares Initially Received as Capital Held Converted by Assessee Dealer into Stock-in-Trade, Making Sale Proceeds Taxable Under Income-tax Act, 1922.

The dispute concerned the tax treatment of sale proceeds of bonus shares received by a dealer in shares and securities. The assessee, a firm dealing i...

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Gujarat High Court Quashes Reassessment Notice as Time-Barred Due to Non-Compliance with Surviving Time Limit Under Rajeev Bansal. Reopening Under Section 148 Beyond the Computed Period Under the Old Regime's Extended Provisions Declared Invalid.

The Southern Gujarat Chamber Trade and Industries Development Centre filed a writ petition under Article 226 of the Constitution of India challenging ...

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Bombay High Court Dismisses Petition Challenging Notification Importing Customs Recovery Provisions for Excise Duty Interest. Section 12 of Central Excise Act, 1944 Validly Empowers Application of Customs Act Recovery Mechanisms for Interest on Delayed Payment of Excise Duty.

The petitioner, Krishnakant Sakharam Ghag, a partner of M/s Amit Textile Processors, filed a writ petition in the Bombay High Court challenging the va...

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High Court of Bombay Allows Student to Appear for 7th Semester Examination After Clearing Backlogs Through Revaluation. University directed to permit petitioner to appear for 7th semester examination as she cleared all backlog subjects before the examination.

The petitioner, a student of engineering at Yeshwantrao Chavan College of Engineering, Nagpur, was granted provisional admission to the Fourth Year (c...

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Supreme Court Allows Revenue's Appeal in Income Tax Case — Upholds Addition Under Section 68 for Unexplained Share Capital. Assessee Failed to Prove Identity, Creditworthiness, and Genuineness of Investor Companies Despite Receiving Share Premium at Rs. 190 per Share.

The present appeal arises from a judgment of the Delhi High Court in an income tax appeal concerning the assessment year 2009-10. The respondent-asses...