Madras High Court remanded Carl Zeiss India’s case for converting shipping bills under a drawback scheme to an advance authorization scheme. The Court found the time limit in a Board Circular unsustainable and directed authorities to consider the company’s documents for conversion eligibility.
Explore the intricate mechanisms of money laundering through the Paytm Bank case in India, and discover the crucial strategies to combat this financial menace.
Madras High Court revived a company’s dismissed tax dispute under the Sabka Vishwas Legacy Disputes Resolution Scheme (SVLDRS) due to financial hardship. The Court directed the company to pay interest on delayed payment and ordered authorities to treat the case under SVLDRS and issue a discharge certificate.
ITAT Bangalore rules deduction under Section 80P of Income Tax Act requires filing of return of income, dismissing Madhu Souharda Pathina’s appeal.
CESTAT Delhi rules that issuance of a consignment note is essential for taxability under Goods Transport Agency (GTA), offering relief to Sitaram Jaggnath Prasad Sihotia.
Calcutta High Court explores whether Insolvency and Bankruptcy Code prevails over CGST in Eden Real Estates Pvt. Ltd. case, offering interim relief.
CESTAT Ahmedabad rules non-inclusion of transportation costs in assessable value doesn’t justify denying CENVAT Credit, providing relief to APAR Industries Ltd.
Delhi High Court ruling clarifies that failure to file GST returns doesn’t justify retroactive GST registration cancellation. Full analysis here.
Delhi High Court orders uploading of GST order on portal for Simla Holdings due to non-communication, enabling appeal filing. Full judgment analysis.
Delhi High Court, in Hulas Rahul Gupta vs. Union Bank of India, quashed a Look Out Circular (LOC) issued against a loan guarantor. The Court held the LOC violated due process as criminal charges were absent and the bank failed to justify its request under relevant guidelines.
