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High Court of Bombay Dismisses Revenue's Appeal in Bogus Purchase Case — GP Rate Restricted to 15% on Alleged Bogus Purchases. The court held that when purchases are accepted as genuine but from bogus parties, only the profit element embedded in such purchases can be taxed, not the entire purchase amount.

The case pertains to an appeal filed by the Revenue under Section 260A of the Income Tax Act, 1961, challenging the order of the Income Tax Appellate ...

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Bombay High Court Allows Assessee's Appeal in Bogus Purchases Case — Disallowance of 10% Purchases Set Aside. ITAT's finding that AO's order was not based on cogent evidence required full deletion of addition, not partial disallowance.

The case involves three Income Tax Appeals filed by the Assessee, Ashok Kumar Rungta, challenging the ITAT's order dated August 9, 2017, which upheld ...

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Bombay High Court Dismisses Revenue's Challenge to Settlement Commission Order in Income Tax Case. ITSC's order under Section 245D(4) of Income Tax Act, 1961 upheld as valid and not perverse.

The Commissioner of Income Tax, Central – II, Mumbai, filed a writ petition challenging an order dated 31st July 2013 passed by the Income Tax Settl...

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Supreme Court Upholds Reinstatement of Contract Labourers in SAIL Mines Despite Finding Contract Genuine. High Court's Direction for Regularisation Consideration Under Para 125 of SAIL Judgment Affirmed, Back Wages Denied.

The case involves a long-standing industrial dispute between the Steel Authority of India Ltd. (SAIL), a government undertaking, and the Ispat Khadan ...

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Bombay High Court Dismisses PIL Seeking Deletion of Names from Electoral Rolls After Elections Held. Election Results Cannot Be Set Aside Without Proving Material Effect Under Section 12 of Maharashtra Village Panchayat Act, 1958.

The petitioners, Avantika Ramesh Lekurwale and Atul Ramdas Balbudhe, filed a Public Interest Litigation before the Bombay High Court (Nagpur Bench) se...