CBIC’s latest newsletter covers Constitution Day, AEO Dialogue, GST evasion case, and Customs enforcement. Includes CBIC achievements and leadership farewells.
Kerala High Court held that the limitation period for re-opening assessment under Section 25(1) of the KVAT Act was six years. Notice issued on 12.02.2020 is well within the limitation period. Thus, matter remitted back to Assessing Authority for fresh decision.
Karnataka HC set aside NGT’s ₹2.9 crore penalty on the Indian Army’s MEG Center for Ulsoor Lake pollution, citing lack of natural justice and fair hearing.
ITAT Ahmedabad remands Prayas Charitable Trust’s 80G(5) approval application to CIT for fresh consideration, following new circular allowing re-submission.
CESTAT Ahmedabad confirms assembly of imported TV parts qualifies as manufacturing, allowing Bossh Technology India concessional duty benefit.
CESTAT exempts Nokia India from service tax on sponsoring Kolkata Knight Riders in IPL, ruling that IPL qualifies as a sports event under tax laws.
The International Financial Services Centres Authority (IFSCA) has issued a circular outlining regulations for complaint redressal by entities operating within the IFSC. This ensures a fair and transparent system to address consumer grievances.
ITAT quashes ₹34L addition to taxable income in Mihir Bhoj Post Graduate College case and remands the matter for fresh assessment with additional evidence.
IBBI extends the deadline for filing liquidation and voluntary liquidation forms under the IBC, 2016, to December 31, 2024, citing technical issues.
The Ministry of Finance rescinds Central Excise Notifications No. 10/2022 and 11/2022 under Notification No. 30/2024, effective immediately.
