Gujarat High Court held that official of accused firm viz. IOCL, HPCL, BPCL and IBP are rightly discharged in the matter of selling HSD at concessional rates to private industries in absence of sufficient grounds for proceedings against them.
CESTAT Kolkata held that processing fee, transfer fee, administrative charges, etc. collected from land allottees as fixed by IDCO are statutory in nature. Accordingly, service tax is not leviable on the same.
CESTAT Bangalore held that rule 11 of Central Excise Valuation Rules, 2000 will be applicable for determination of assessable value of goods manufactured on job work basis.
CESTAT Ahmedabad held that no reliance can be placed on statements of third party without tangible corroborative evidence. Accordingly, recovery of Cenvat Credit under rule 14 rightly dropped.
The present appeal has been filed by the revenue against order passed by the CIT(A) challenging action of CIT(A) in allowing carry forward of unabsorbed depreciation of Rs. 19,89,09,661/- pertaining to A.Y.s 1997-98 to 2000-01 for set off without any time limit.
Explore recent Supreme Court judgment allowing High Courts and Sessions Courts to grant interim anticipatory bail across states, emphasizing protection of citizens’ rights.
Bombay High Court held that amount received as per arbitration award by the appellant pursuant to a family arrangement is not chargeable to tax.
Explore the intricacies of the time limits for issuing notices under Section 149 of the Income Tax Department with this article. Find out the three-year limit and conditions specified for issuing such notices.
In the realm of international trade, the Import Export Code (IEC) plays a pivotal role, serving as a fundamental requirement for businesses engaged in import and export activities.
CESTAT Bangalore’s ruling in case of Rafeek K.T. v. Commissioner of Customs, emphasizing need for substantial evidence to impose penalties for abetting illegal imports.
