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HomeDirect TaxBombay High Court Quashes Stay Order After Finding Tax Authority Wrongly Taxed...

Bombay High Court Quashes Stay Order After Finding Tax Authority Wrongly Taxed Gross Receipts Instead of Income

Direct Tax

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By Mariya Paliwala
Bombay High Court Quashes Stay Order After Finding Tax Authority Wrongly Taxed Gross Receipts Instead of Income

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The Bombay High Court has set aside an order that required the institution to deposit 15% of a disputed tax demand, holding that the tax authorities had incorrectly treated gross receipts as taxable income.  The bench of Justice B. P. Colabawalla and Justice Amit S. Jamsandekar directed that the entire demand shall remain until disposal…

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Mariya Paliwala
Mariya Paliwalahttps://www.jurishour.in/
Mariya is the Senior Editor at Juris Hour. She has 7+ years of experience on covering tax litigation stories from the Supreme Court, High Courts and various tribunals including CESTAT, ITAT, NCLAT, NCLT, etc. Mariya graduated from MLSU Law College, Udaipur (Raj.) with B.A.LL.B. and also holds an LL.M. She started her career as a freelance tax reporter in the leading online legal news companies.

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