The said order was challenged before the appellate authority. By order dated 25.11.2024, the appeal was allowed and was remanded back for fresh consideration on noticing that the order impugned therein was passed ex-parte.
The petitioner is a practicing Chartered Accountant, residing in New Delhi. His name was included in a list of “Undesirable Contact Men” (UCM) which was allegedly circulated by the CBI and subsequently published in various newspaper clippings.
Supreme Court upholds government’s right to cancel tenders to protect state finances, limiting judicial review in such matters.
ITAT Mumbai held that the rate of tax on a short term capital gain on depreciable assets u/s. 50 has been held to be the rate of long term capital gain @ 20% as per Section 112 of the Income Tax Act. Accordingly, appeal of assessee allowed.
Delhi HC sets aside GST demand on Exide Industries citing breach of natural justice; directs fresh hearing with conditions on adjournments and timelines.
ITAT Delhi restored the matter to the file of the Assessing Officer with the direction to pass order after affording reasonable, adequate and effective opportunity of being heard and hence the appeal of the assessee is deserves to be allowed.
India’s Finance Ministry updates customs cooperation list to include agreements on mutual administrative assistance with New Zealand and Madagascar.
CESTAT Delhi held that section 28(9) of Customs Act mandates adjudication of show cause notice within one year. Thus, adjudication of notice after around 10 years of issuance, without justifiable reason, is not tenable and hence order issued thereon is liable to be quashed.
Delhi State Consumer Commission dismisses National Insurance Co. appeal due to 54-day delay, citing lack of sufficient cause and judicial precedents on limitation.
ITAT Mumbai held that invocation of revisionary proceedings under section 263 of the Income Tax Act not justified since AO has taken plausible view. Accordingly, order passed u/s. 263 set aside and appeal of assessee allowed.
