CESTAT Ahmedabad upholds penalty on Karimbhai Nanjibhai Shah for facilitating clearance of ‘Chhakkdo Rickshaw’ without excise duty payment, resulting in evasion. Full text available.
ITAT Mumbai denies capital gain exemption ( Section 54/54F) to Hem Chandra R. Gavankar for investing in a house in his wife and daughter’s name.
Delhi High Court rules against using high premium as the correct test for addition under Section 68 of the Income Tax Act. Full text of the judgment available.
Delhi High Court upholds ITAT’s decision: Advertising, Marketing, and Promotion (AMP) expenses by Wrigley India Pvt. Ltd. not considered an international transaction.
Kerala High Court dismisses writ petition as application for extending limitation, filed after five years, for claiming TRAN 1 transitional credit is rejected. Full judgment.
