ITAT Ahmedabad quashed addition of cash deposits during demonetization, accepting tuition income and marriage gifts as sources.
Delhi High Court orders the release of an Indian tourist’s gold Kada seized by Customs, ruling waiver of show cause notice is invalid in the case.
Kerala High Court rules Ayurvedic resort’s facilities liable for luxury tax, stating Ayurvedic treatment is incidental to the resort’s main business.
Summary of key tax and regulatory updates for the week ending 30th March 2025, covering income tax, GST, customs, SEBI, RBI, DGFT, and legal rulings.
Allahabad High Court referred the investigation in matter of Noida Sports City Scheme 2010-2011 to CBI to unearth scam since dirty nexus of the builders and the officials of the Noida Authority was noted, where benefits after benefit were doled out to the builders.
Finance Act, 2025 exempts service tax on reinsurance under crop insurance schemes for 2011-2017. Refund claims must be filed within six months of enactment.
Delhi High Court sets aside DEPB license cancellation 15 years after SCN was issued, citing non-adjudication and violation of natural justice principles.
Delhi HC hears plea by MEA AME against seizure of empty atomizers under E-Cigarettes Act. Firm claims medical device license exempts import.
Karnataka High Court rules that fair market value of shares, determined using statutory methods, cannot be rejected by the Income Tax Department.
Delhi High Court rules that Customs must release a minor’s jewellery seized at IGI Airport, stating it qualifies as personal effects under Baggage Rules, 2016.
