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Income Tax Assessment of Rental Income for Leasing Companies: A Judicial Review. Evaluating the Taxable Nature of Leasing Income: Business Gains or House Property Income?

The Bombay High Court evaluated whether rental income from leasing properties should be classified as "Income from House Property" or "Income from Bus...

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Supreme Court Clarifies Legality of Advertisement Royalty Charged by Patna Municipal Corporation. The Court upholds Patna Municipal Corporation's right to charge royalty on advertisements but nullifies penalties without legislative backing.

The Supreme Court examined the legality of levying charges on advertisements. The Court distinguished between "royalty" and "tax," ruling that the dem...

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High Court Upholds Exemption for Shirdi Sai Baba Trust's Anonymous Donations Religious and Charitable Trust Entitled to Tax Exemption Under Section 115BBC(2)(b)

The Bombay High Court, involves the appeals by the Commissioner of Income Tax (CIT) challenging the Income Tax Appellate Tribunal's (ITAT) decision in...

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Reassessment Notices Under Income Tax Act Amid COVID-19 Extensions. An analysis of the interplay between the Income Tax Act, TOLA, and the Finance Act 2021 regarding reassessment notices issued during the pandemic.

The reassessment notices under Sections 147-151 of the Income Tax Act, impacted by the Taxation and Other Laws (Relaxation and Amendment of Certain Pr...

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Supreme Court Upholds Constitutional Validity of Section 17(5)(d) of the CGST Act, Restricting Input Tax Credit on Construction of Immovable Property for Leasing. No ITC on Goods and Services Used in Construction for Leasing under Section 17(5)(d), Says Supreme Court.

The constitutional validity of Section 17(5)(d) of the Central Goods and Services Tax (CGST) Act, 2017, concerning the denial of Input Tax Credit (ITC...

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Double Taxation Due to Inadvertent Mistake Rectified: Bombay High Court Allows Revision Under Section 264. Commissioner’s Rejection of Revision Applications Overruled; Powers Under Section 264 Applied to Correct Over-Assessment.

This case involves three petitions filed by the assessee challenging the rejection of its revision applications under Section 264 of the Income Tax Ac...

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Bombay High Court Nullifies Faceless Assessment Notices Issued Without Jurisdiction. Court Upholds the Faceless Assessment Mechanism, Invalidates Notices Issued by Non-Faceless Officers.

The Bombay High Court, in the case of Abhin Anilkumar Shah vs. Income-tax Officer, International Tax Ward Circle 4(2)(1), Mumbai & Ors., quashed t...

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Supreme Court Delivers Landmark Verdict on Retrospective Application of Taxation Law. Balancing Judicial Overruling and Economic Stability: The Doctrine of Prospective Overruling in Focus.

The Supreme Court of India, in a significant ruling, addressed the application of retrospective taxation following its earlier judgment in the Minera...

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Court Mandates Occupation Certificate Issuance and Reverses Unjust Taxation on Tenants. Justice served for tenants against non-compliant developers and municipal authorities.

In a significant ruling by the Bombay High Court, the petitioners, former tenants of the property located at Miya Mohamed Chhotani Road, Mahim, Mumbai...

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Delhi Lieutenant Governor’s Nomination Powers: A Legal Examination. Supreme Court's analysis on the discretionary powers of the Lt. Governor in nominating members to the Delhi Municipal Corporation amid constitutional and legislative frameworks.

The judgment provides a detailed legal analysis of the powers and functions of the Lieutenant Governor (Lt. Governor) of the National Capital Territor...