ITAT Hyderabad held that addition on the basis of loose papers and documents found from the premises of third party is not tenable in the eye of law. Accordingly, appeal of the revenue is dismissed since addition not based on substantial evidence.
CESTAT Delhi held that regulation 10(n) doesn’t mandate Customs Broker to verify correctness of certificate or registration issued by other concerned government officer. Thus, revocation of customs broker licence and forfeiture of security deposit are set aside.
In W.P.No.6541 of 2022, the petitioner has challenged the Circular No.125/44/2019 dated 18.11.2019 issued by the third respondent and for a further direction to the first respondent to reconsider the refund claim on its merits.
CESTAT Chennai held that ‘Receiver’ being part of the phone is classifiable under CTH 8517. Thus, classification sought to be made by the Revenue under CTH 8518 lacks merit and hence, order is set aside.
CBIC issues instruction to ensure uniform compliance with export policy for Basmati and Non-Basmati rice, detailing inspection requirements for specific destinations.
CBDT signed 174 Advance Pricing Agreements in FY 2024-25, including a record number of bilateral agreements, to improve transfer pricing certainty.
RBI issues Master Direction on penalties for banks and currency chests regarding customer service deficiencies, including note shortages and ATM replenishment.
RBI issues Master Direction on reporting transactions at currency chests, including penalties for delays, wrong reporting, and ineligible balances.
Learn about Income Tax Audit Form 10B & 10BB for charitable trusts, recent changes, filing deadlines, and compliance under Sections 11 & 12.
Learn about GST Amnesty Scheme 2024 under Section 128A and ITC reinstatement under Section 16(5) for FY 2017-21, with deadlines and filing procedures.
