Latest updates for Bombay High Court Tax Judgment 2026

Fresh curated links around Bombay High Court tax judgment 2026 are collected here so marketers can spot useful updates and turn timely ideas into posts faster.

Recent items include:

  • Bombay High Court Grants Unconditional Stay of ₹15.96 Crore Income-Tax Demand
  • Bombay HC: Proportionate Rights Shares Not Taxable U/S 56(2)(x) Solely Due to Price Difference
  • Bombay High Court: Taxpayer Can Seek Waiver of Section 270A Penalty Even After an Earlier Application Was Rejected

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thetaxtalk.com /1 week ago

Bombay High Court Grants Unconditional Stay of ₹15.96 Crore Income-Tax Demand

Bombay High Court Grants Unconditional Stay of ₹15.96 Crore Income-Tax Demand     Sur Gems v. Principal Commissioner of Income Tax – High-pitched assessment, prima facie limitation...

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blog.saginfotech.com /1 day ago

Bombay HC: Proportionate Rights Shares Not Taxable U/S 56(2)(x) Solely Due to Price Difference

The Bombay High Court has said that the difference between the subscription price and the fair market value of proportionately allotted rights shares cannot be levied as tax u/s 56...

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thetaxtalk.com /2 weeks ago

Bombay High Court: Taxpayer Can Seek Waiver of Section 270A Penalty Even After an Earlier Application Was Rejected

Bombay High Court: Taxpayer Can Seek Waiver of Section 270A Penalty Even After an Earlier Application Was Rejected   Finance Act, 2026 opens the door to penalty waiver in misreport...

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blog.saginfotech.com /1 week ago

Bombay HC Rules IT Department Need Not Wait for Certified Copy of Digitally Signed Order

The Bombay High Court has ruled that the Income Tax Department cannot delay calculating the limitation period for completing an assessment while waiting for a certified copy of a c...

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blog.saginfotech.com /2 weeks ago

Calcutta HC Dismisses Revenue’s Appeal Against ITAT’s Deletion of Rs. 11.35 Cr Addition

The Calcutta High Court dismissed the appeal of the revenue against the Income Tax Appellate Tribunal (ITAT) September 2025 order deleting a Rs. 11.35 crore addition made against b...

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thetaxtalk.com /1 week ago

Bombay High Court: Income Tax Department Cannot Take a Contrary Stand After Consistently Accepting the Same Position

Bombay High Court: Income Tax Department Cannot Take a Contrary Stand After Consistently Accepting the Same Position      Doctrine of Consistency, Estoppel and Article 265: Revenue...

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thetaxtalk.com /1 month ago

₹104.99 Crore Purchase Addition Deleted: Bogus Purchase Does Not Automatically Mean Unexplained Expenditure

₹104.99 Crore Purchase Addition Deleted: Bogus Purchase Does Not Automatically Mean Unexplained Expenditure   Bombay High Court Explains Why Section 69C Requires an Unexplained Sou...

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blog.saginfotech.com /1 month ago

Bombay HC Sets Aside Rs. 79.7 Cr GST Demand, Rules Cinematographic Films Not IT Software

The Bombay High Court has said that under the GST law, a cinematographic film is not IT software even if it is delivered through a digital link or hard disk, and quashed a tax dema...

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realty.economictimes.indiatimes.com /1 month ago

No tax on value of new property under redevelopment agreement: ITAT

A tax tribunal has sided with property owners involved in redevelopment disagreements, annulling a significant Rs 1.3 crore tax increment on a newly developed property. The tribuna...

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blog.saginfotech.com /1 week ago

Bombay HC Rules Charitable Hospital Cannot Lose Income Tax Exemption for Charging Fees & Earning Surplus

The Bombay High Court has held that a hospital cannot be denied income tax exemption under philanthropic grounds simply for generating an operational surplus, charging patient fees...

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realty.economictimes.indiatimes.com /1 month ago

ITAT rules tax officer cannot pin entire stamp-value gap on one co-owner

The Mumbai ITAT stated that one co-owner cannot be held accountable for the total tax discrepancy. The tribunal highlighted that the ownership shares had been explicitly recorded....

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thetaxtalk.com /2 weeks ago

Unsold Flats Cannot Be Taxed on Notional Rent Before They Become Legally Occupiable

Unsold Flats Cannot Be Taxed on Notional Rent Before They Become Legally Occupiable     Bombay High Court upholds relief to a builder: No annual letting value can be assessed for a...

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blog.saginfotech.com /1 month ago

Bombay HC: TDS Credit Can’t Be Denied Despite Deductor’s Failure to Deposit Tax

The Bombay High Court said that the TDS credit should not be refused to a taxpayer only because the person who deducted the tax did not deposit it with the Central Government, once...

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timesofindia.indiatimes.com /3 weeks ago

Property value rose before registration; ITAT scraps Rs 11.35 lakh tax on buyer

Under Section 56(2)(x), there is applicable taxation of such a difference in the buyer's hands if the stamp duty value of the property is higher than the purchase consideration by...

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realty.economictimes.indiatimes.com /1 month ago

Redevelopment gains can’t be taxed in hands of CHS, rules Mumbai ITAT

The Mumbai ITAT has annulled a contentious Rs 18.4 crore tax addition for a housing society, stating the society served merely as a representative for its flat owners. The tribunal...

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blog.saginfotech.com /1 month ago

CBDT Notifies 116 & 117/2026, Granting Tax Exemptions to MERC from FY 2025-26

The Central Government, through the Central Board of Direct Taxes (CBDT), has issued two notifications regarding the Maharashtra Electricity Regulatory Commission (MERC), PAN: AAAG...

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blog.saginfotech.com /1 month ago

Madras HC Rejects Bogus LTCG Allegation Based on Sharp Jump in Share Price, Restores Section 10(38) Exemption

The Madras High Court, in a recent ruling, allowed income tax exemption u/s 10(38) of the Income Tax Act, 1961, observing that a mere sudden surge in the share price does not make...

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thetaxtalk.com /1 week ago

₹1.97 Crore in a Minor’s Name, But Taxed in Father’s Hands: Madras High Court Quashes Reassessment Against Minor

₹1.97 Crore in a Minor’s Name, But Taxed in Father’s Hands: Madras High Court Quashes Reassessment Against Minor     Liya Acharya (Minor) v. Union of India | W.P. No. 32492 of 2026...

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timesofindia.indiatimes.com /1 month ago

Couple buys Rs 60L flat, husband taxed on Rs 34.81L stamp-duty gap; ITAT objects

Can the entire difference between a property’s actual purchase price and its stamp-duty value be added to the income of just one of its co-owners? A recent ruling by ITAT Mumbai ha...

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thehindu.com /1 month ago

Kerala HC quashes order by Income Tax Appellate Authority dismissing actor Jayasurya’s appeal against tax assessment

Court says tax authority cannot dismiss an appeal merely because the assessee failed to appear for the proceedings

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thetaxtalk.com /1 week ago

Himachal Pradesh High Court Quashes ₹117.94 Crore GST Recovery Notice Against Morepen Laboratories: Omitted Rule Cannot...

Himachal Pradesh High Court Quashes ₹117.94 Crore GST Recovery Notice Against Morepen Laboratories: Omitted Rule Cannot Sustain Tax Proceedings Without Saving Provision     Case: M...

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realty.economictimes.indiatimes.com /1 month ago

Mumbai ITAT allows tax relief on two flats bought as one home

Mumbai's Income-Tax Appellate Tribunal has declared that two flats can be categorized as a single residential house. This pivotal decision paves the way for taxpayers to leverage d...

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thetaxtalk.com /1 month ago

₹5.01 Crore Suppressed Sales, But Only ₹10.02 Lakh Taxable

₹5.01 Crore Suppressed Sales, But Only ₹10.02 Lakh Taxable     ITAT Mumbai Says Unrecorded Turnover Cannot Automatically Be Treated as 100% Income A business can have unrecorded sa...

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thetaxtalk.com /1 week ago

Section 147A Declared Unconstitutional! Andhra Pradesh High Court Delivers a Landmark Verdict in the FAO–JAO Controversy

Section 147A Declared Unconstitutional! Andhra Pradesh High Court Delivers a Landmark Verdict in the FAO–JAO Controversy Can Parliament retrospectively validate reassessment notice...

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Sources covering Bombay High Court Tax Judgment 2026

blog.saginfotech.com

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realty.economictimes.indiatimes.com

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thetaxtalk.com

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timesofindia.indiatimes.com

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thehindu.com

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