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Bombay High Court Quashes Provisional Attachment and Stay Rejection in Income Tax Case — Violation of Natural Justice and CBDT Circular. Petitioner's Bank Accounts Attached Without Prior Hearing; Court Directs Restoration of Status Quo Pending Appeal.

The petitioner, Milestone Real Estate Fund, a real estate fund, challenged the provisional attachment of its assets under Section 281B of the Income T...

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Bombay High Court Holds Criminal Complaints Under Section 138 NI Act Not Covered by Company Law Moratorium. The expression 'suit or other proceedings' in Sections 442 and 446(1) of Companies Act, 1956 does not include criminal proceedings under Section 138 of Negotiable Instruments Act, 1881.

The case involves a reference to resolve a conflict between two Single Judge judgments of the Bombay High Court regarding whether criminal complaints ...

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Bombay High Court Remands Penalty Matter in Block Assessment Case for Lack of Considered Decision by ITAT. Penalty under Section 158BFA(2) of Income Tax Act, 1961 set aside without proper application of mind; non-payment of tax on block return was a relevant factor.

The case involves an appeal by the Commissioner of Income Tax against an order of the Income Tax Appellate Tribunal (ITAT) dated 4th April 2008, which...

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Gujarat High Court Dismisses Assessee's Tax Appeal in Income Tax Addition Case Due to Lack of Evidence. Tribunal's finding that unexplained cash of Rs.1,42,450/- belonged to assessee, not his wife, upheld as no details of loan addresses were produced.

The present tax appeal was filed by the assessee Shantilal Khimjibhai Uchadadia against the order of the Income Tax Appellate Tribunal, Ahmedabad date...

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Supreme Court Restores Enhanced Compensation in Motor Accident Claim for Death of Business Partners. Income Tax Returns Held Reliable for Assessing Deceased's Income; Mere Continuation of Business by Legal Heirs Does Not Negate Loss of Future Earnings.

The present appeals arise from a motor accident claim where the parents of the appellants, who were partners in a firm named Sri Ganga Mills, died in ...

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Bombay High Court Dismisses Revenue's Appeal in Film Production Expenditure Disallowance Case. Expenditure on Positive Prints and Advertisement for Film 'KAAL' Held Allowable Under Section 37 of Income Tax Act, 1961 as Rule 9A Does Not Exclude General Deduction Provision.

The case involves two appeals filed by the Revenue against the common order of the Income Tax Appellate Tribunal (ITAT) relating to the assessment yea...

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CUSTOMS APPEAL NO. 100 OF 2012

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