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High Court of Bombay at Goa Considers Legality of Re-opening Assessment Under Income Tax Act, 1961. Court Examines Whether Proceedings Initiated Under Substituted Sections 147-151 After Finance Act Amendment Are Valid for Assessment Year 2013-14.

In this writ petition before the High Court of Bombay at Goa, the petitioner, an individual assessee, challenged the revenue's action of reopening his...

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High Court of Bombay at Aurangabad Dismisses Writ Petition Challenging Revenue Tribunal Order in Math Property Dispute. Petitioner Fails to Establish Tenancy Rights Over Agricultural Land Attached to Religious Institution; Burden of Proof Not Discharged.

The petitioner, Venkat Sonnappa Sagar, filed a writ petition before the High Court of Bombay at Aurangabad challenging the orders of the Sub-Divisiona...

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High Court of Bombay at Goa Dismisses Revenue's Appeal in Income Tax Case — Depreciation Must Be Computed Before Section 80-IA Deduction. Loan from Shareholder to Company Held Deemed Dividend Under Section 2(22)(e) of Income Tax Act, 1961.

The case involves an appeal by the Commissioner of Income Tax against the order of the Income Tax Appellate Tribunal (ITAT) regarding the assessment y...

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Bombay High Court Allows Revenue's Appeal in Income Tax Case on Interest Income Classification. Interest income from bank deposits, intercorporate deposits, call money, debentures, and from Income Tax Department held not to be business income for deduction under Section 80HHC of the Income Tax Act, 1961.

The Revenue Department filed appeals under Section 260-A of the Income Tax Act, 1961 against the orders of the Income Tax Appellate Tribunal (ITAT) fo...

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High Court of Karnataka Dismisses Revenue's Appeal in Income Tax Case — Payment to Non-Resident Employees Held as Salary, Not Business Income. Section 28(va) of Income Tax Act, 1961 does not apply to employment-related payments.

The appeal was filed by the revenue under Section 260A of the Income Tax Act, 1961 against the order of the Income Tax Appellate Tribunal (ITAT) dated...