Discover how Election Commission’s crackdown on inducements, especially narcotics, has led to unprecedented seizures nearing Rs.9,000 crores during Lok Sabha elections.
Stay informed about FSSAI’s prohibition on calcium carbide for fruit ripening. Learn about safer alternatives, regulations, and how to report violations.
Explore new Self-Paced Module Test (SPMT) Portal by ICAI. Choose your exam date, city, and slot for Corporate & Economic Laws and Strategic Cost Management. Register today!
Explore pervasive corruption within JNCH Customs, its impact on exporters, and urgent need for comprehensive reforms to restore integrity in Customs Department.
ITAT observed that reasons recorded by AO for reopening assessment did not mention name of assessee’s broker or specific details implicating assessee in fraudulent CCM transactions. Information provided did not establish a direct link between assessee and alleged tax evasion practices.
Upesi Ventures Ltd. vs. ACIT: Bombay High Court nullifies reassessment notice for AY 2015-2016. Analysis of stock details reveals no income escape. Full judgment here.
ITAT rejected the assessee’s contention of limited scrutiny, stating that the notice under section 143(2) did not specify such limitation.
Explore the detailed judgment of Calcutta High Court regarding the appeal by the Commissioner of Customs against Rajendra Kumar Damani, addressing issues of voluntary statements, burden of proof, and smuggling allegations.
Delhi High Court ruled that lower-ranked officers have authority to issue and adjudicate Show Cause Notices under Customs Act, even in cases where Commissioner of Customs has been involved in previous proceedings.
Read how Delhi High Court directs CESTAT to decide appeals on merit, not just jurisdiction, in Commissioner of Customs vs Balaji Exports case. Analysis & Conclusion included.
