The Honourable Bombay High Court delivered many landmark judgements from January 2021 to December 2022. During the period of the pandemic as well as thereafter, the Honourable Bombay High Court tax Bench headed by Honourable Mr Justice K.R. Shriram disposed around 5000 cases in a short span of nine months. For the benefit of Tax professionals, the research team has prepared the gist of important case laws, which are published in the form of an e-journal.

Honourable Mr. Justice K.R. Shriram delivered an inaugural lecture on November 12, 2022, for the Chamber of tax consultants, Mumbai on the subject of Land Mark Income tax rulings (Virtual mode). One can watch the lecture and also download its gist.

In the last two years, 90 per cent of the writ petitions filed before various High Courts are challenging the reassessment proceedings. The research team is of the considered view that the gist of the case laws and lecture delivered by Honourable Mr Justice K.R. Shriram will help the tax professionals to better understand the law on reassessment. Though the law on the subject of the reassessment has changed, the ratio of the judgements will be useful to understand the new provision as well.

The research team is of the view that if the tax administration should follow guidelines referred to in the various judgements of the Bombay High Court for the assessment and reassessment, it will benefit the assessees as well as the tax administration.

Editorial Board

Dr. K. Shivaram, Senior Advocate

Research team

Mr. Paras S. Savla, Mr. Rahul Hakani & Mr. Shashi Bekal, Advocates