In a significant decision, CESTAT Mumbai quashes customs duty demand on the export of polyurethane polyvinyl chloride soles of footwear, citing the absence of malafide intention. Explore the full text of the CESTAT order, key facts, and the legal analysis leading to the conclusion.
Explore the Madras High Court’s judgment/order in K.G.Denim Ltd. vs. Commissioner of Customs, addressing an inadvertent error in 87 shipping bills. Learn about the court’s direction to inspect documents and the timeline set for resolution.
In a recent decision by the Income Tax Appellate Tribunal (ITAT) Delhi in the case of Paramjit Gandhi vs. DCIT, the Tribunal addressed the disallowance of long-term capital loss on the sale of shares by the Assessing Officer (AO).
CENVAT credit denied: CESTAT directed re-adjudication based on ISD invoices mentioning Mumbai address & not related to manufacturing activities.
Prabha Anil Gandhi vs. ADIT (ITAT Mumbai): ITAT rules on CPC’s jurisdiction, Section 50C adjustments, and processing under section 143(1).
SC decision clarifies that proving charges under the NDPS Act doesn’t solely depend on the presence of independent witnesses and underscores the importance of procedural compliance.
The Supreme Court dismisses Bharat International’s appeal on entry tax, citing the precedent in Jindal Steel. Learn about the ruling and its implications on trade and commerce
Explore the ITAT Chennai ruling on DCIT Vs Arumuga Cottspin Pvt. Ltd. for AY 2015-16. Analysis of interest disallowance, sales suppression, and unexplained cash credits
Discover the consequences as MCA penalizes Vattikutti Technologies and its directors for failing to provide comments on Auditors Report. Get insights on the adjudication process and penalties imposed.
Understand Section 24(b) of the IT Act for pre-construction interest on home loans. Learn when to claim deductions with a detailed explanation and an illustrative example.
