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Join our free webinar on July 7 at 5 PM for insights into 10 recent High Court income tax judgments favoring assessees. Expert analysis by CA Dipak Dama.
HLPL Global Logistics Pvt. Ltd. Vs Commissioner of Customs (CESTAT Delhi) A show cause notice dated 24.01.2020 was then issued to the appellant proposing to revoke the Customs Broker License of the appellant by considering the show cause notice dated 22.10.2019 issued under the provisions of the Customs Act as the offence report. The appellant […]
CENVAT credit allowed to the extent inputs are used for production of electricity which is transferred free of cost to its sister unit.
New procedure for disposal of gold, wherein it was envisaged that the seized/confiscated gold (other than ornament/jewellery/articles) shall be transferred to Reserve Bank of India (RBI) through Security Printing and Minting Corporation of India Ltd. (SPMCIL).
It may be noted that the last date for uploading of all such e-brcs, where RoSCTL scrips have been issued for shipping bills upto 31.12.2020 has been further extended till 30.09.2022
CESTAT held that, the appellant is entitled to interest at specified rate from date of deposit to date of refund. BBM Impex Pvt. Limited Vs Principal Commissioner of Customs (Preventive)
HC held that merely because one party, has approached before MSME Council, Arbitration application cannot be held to be not maintainable
Rithala Education Society Vs Union of India (Delhi High Court) In the present case, the significance of issuance of a show cause notice at a stage prior to issuance of a re-assessment notice under Section 148 of the Act has been lost on the respondents inasmuch as the impugned order under Section 148A(d) of the […]
HC held that that if assessee disputes Section 50 GST interest liability then revenue have to follow specific procedure of Section 73 or 74
When an order has been passed by SC, it has to be given effect in letter and spirit & it cannot be permitted to be treated as a paper order.
Without proof of disbursement an amount cannot be claimed as financial debt, as disbursement is a sine qua non for any debt to fall within the ambit of financial debt
