Maharashtra AAR rules that Amardeep Udyog’s Geometry Compass Box is a mixed supply, not naturally bundled, and will be taxed at the highest rate of 18% under HSN code 90178010.
Maharashtra AAR classifies Lamifabs & Papers’ Geomembrane for waterproof lining under HSN code 5911 1000 (technical textiles) with a GST rate of 12%.
Maharashtra AAR examines GST classification of geomembrane for waterproofing. Is it a technical textile (Chapter 59) or plastic article (Chapter 39)?
ITAT Delhi held that discount on issue of Employee Stock Ownership Plan [ESOP] is allowable as deduction under section 37 of the Income Tax Act. Accordingly, additional claim of ESOP expense allowed.
ITAT Pune held that penalty under section 270A is not leviable since neither the assessment order nor the notice issued u/sec.274 r.w.s.270A the Assessing Officer has specified the limb under which the case of the assessee falls.
SC judgment: Anticipatory bail should be granted sparingly in economic offences, especially for those evading legal processes. Accused directed to surrender.
Examination of legal and ethical problems in Indian IPOs like underpricing, overvaluation, insider manipulation. Analysis of SEBI’s role and global comparisons.
Karnataka HC rules solatium for metro land acquisition as compensation under CGST Act, not subject to GST. Details on court’s reasoning and legal provisions.
Delhi High Court directed Customs Officials to ensure that old jewellery of even Indian travellers, personal jewellery which is being worn by the travellers during travel or used jewellery is not unnecessarily detained in a routine manner, so as to ensure that no harassment is caused to travellers coming to India.
NCLAT Delhi held that failure of reconciliation of accounts qualifies as pre-existing dispute. Thus, order admitting application u/s. 9 of Insolvency and Bankruptcy Code, 2016 ignoring pre-existing dispute is not justified. Hence, order is set aside.
