In Buniyad Chemicals Ltd. Vs ACIT, ITAT Mumbai restricts the addition of commission on accommodation entries to 0.15% of deposits, addressing assessment disputes.
Delhi High Court judgment on Cadence Design’s appeal against the ITAT order regarding transfer pricing comparables. Key findings on ALP determination and comparability.
CESTAT Delhi permits Micromax to raise an alternative classification of LCD/LED panels under CTI 9013 80 10, challenging the Customs duty exemption denial by authorities.
NCLT Hyderabad dismissed Kapston’s insolvency plea against Karvy, citing Karvy’s status as a financial service provider, and insufficient debt threshold.
SCBA demands strong action after police lathicharge on Ghaziabad lawyers at judge’s behest, highlighting need for reform and accountability in judiciary-police relations.
