CBIC appoints authority for adjudication of show cause notices to Aardwolf Material Handling Pvt. Ltd. under Customs Act, 1962.
ITAT Nagpur held that addition made on the basis of dumb documents, loose paper containing scribbling, rough/vague noting’s in the absence of any corroborative material is not tenable in law. Thus, appeal of revenue dismissed.
Developers and IT/ITeS SEZ units may use TR6 challan for duty payments instead of ICEGATE until further notice from DG(Systems) or the Commerce Ministry.
ITAT Ahmedabad dismisses appeal in Pavankumar M Sanghvi Vs ITO. Unexplained unsecured loans from shell entities treated as income. Interest deduction disallowed.
While at the time of debonding, the value of raw material cleared had to be valued at the time of importation, and the rate of duty was the effective rate of duty leviable on the imported goods at the time of debonding.
Bombay High Court permits challenge to 153C jurisdiction, ruling cross-objections not required to support favorable order.
Gujarat High Court dismisses appeal, upholds addition of unexplained cash credit under Section 68, citing lack of genuine transactions.
Jharkhand HC orders Rs 1.23 Cr GST Cess ITC refund to Tata Steel for exports, quashing rejection based on extraneous grounds. Cites rules & circulars.
Automate HDFC NEFT/RTGS form filling with our Excel utility. Reduce errors and save time. Store beneficiary details and populate forms quickly.
Madras High Court held that re-opening of assessment u/s. 147 must be based on some tangible material without such tangible material, re-opening is merely inspired from change of opinion and hence the same is liable to be quashed.
