CESTAT Ahmedabad held that Granite Slabs is correctly classified under 21561200 and not under 68022390. Accordingly, the demand on this count is not sustainable hence, the same is set aside.
An in-depth analysis of case between Blue Reservoir Business Services LLP and DCIT where ITAT Bangalore directed re-adjudication because assessee was not well-versed with ITBA
CESTAT Chennai held that as all the details are furnished based on which permission for DTA clearance was granted. Accordingly, allegation of willful suppression of facts with intent to evade payment of duty is without any factual basis. Hence demand set aside as time barred.
CESTAT Bangalore held that allegation of the department that the quantity of goods as shown in the purchase invoices were brought into the factory, processed, converted into finished goods and removed clandestinely without payment of duty are not supported with sufficient evidence are liable to be set aside.
ITAT Mumbai held that the claim for deduction under section 80G of the Income Tax Act in respect of Corporate Social Responsibility (CSR) expenses cannot be denied.
Key highlights from the 50th GST Council Meeting: Changes in tax rates, trade facilitation measures, compliance streamlining, and proposed amendments in GST law. Stay informed with the latest GST updates.
The CESTAT Kolkata has ruled in favor of Haldia Petrochemicals Limited in Excise Appeal No. 762/2010. The appeal challenged the duty demand of Rs. 10,67,40,103/- under the proviso to Section 11A, along with interest and penalty.
In a recent decision, the Securities and Exchange Board of India (SEBI) found Alchemist Holdings Limited and its directors to be in non-compliance with public issue norms, thus initiating proceedings against certain non-executive directors. However, the order clarified that a non-executive director could not be deemed as an ‘officer who is in default’ if the company […]
The ITAT Cochin has upheld the penalty imposed on Paravur Service Cooperative Bank for its failure to furnish the audit report of its accounts audited by the Cooperative Department Auditor within the specified date under Section 44AB of the Income Tax Act.
Ministry of Finance has raised the Special Additional Excise Duty (SAED) on the production of Petroleum Crude and export of Aviation Turbine Fuel. The new rate of Rs. 1,600 per tonne will be effective from July 15, 2023.
