Delhi HC nullifies flawed GST cancellation notice and directs immediate restoration of GST registration for petitioner.
Supreme Court held that the sale of lottery tickets by the State is a privileged activity by itself and not rendering of a service for which the assessees are rendering promotion or marketing service. Hence, service tax not leviable under ‘Business Auxiliary Services’.
CESTAT Chennai held that exemption from customs duty admissible on import of flood lights which is used for all matches conducted in the stadium whether it is world cup international match or one day international match.
Listed entities on NSE EMERGE must submit auditor-certified issue proceeds utilization reports with financial results. Compliance effective from April 2023.
Madras High Court held that City Union Bank Limited being a first charge holder can bring the property for sale and after settling down of all the dues, the remaining sale proceeds of the property can be transferred to second charge holder i.e. income tax department.
ITAT Delhi held that disallowance of purchases and restricting the amount of purchases to 12.50% without examining the documentary evidences produced by the assessee is unjustified. Accordingly, matter remanded back to AO with direction to decide afresh.
Punjab and Haryana High Court held that employee’s benefits earned during their service cannot be taken away by making the termination effective before it actually happened. Thus, the termination cannot be applied retroactively to an earlier date.
ITAT Cochin held that treating section 153D of the Income Tax Act as pari-materia to section 148 mechanism without any such indication in the Act is unjustified and hence matter remanded back to CIT(A).
Gauhati High Court grants interim protection to Hindustan Construction Co. in CGST dispute, challenging Notification No. 56/2023 as ultra vires the CGST Act, 2017.
ITAT Bangalore held that as per provisions of section 44AA of the Income Tax Act, an agriculturist is not required to maintain books of accounts. Further, revenue has failed to establish anything contrary, accordingly, addition made on this count deleted.
