Madras High Court directs Customs to refund excess export duty on upgraded ilmenite, citing binding CESTAT ruling in identical case despite pending Supreme Court appeal.
Mumbai ITAT reduces tax disallowance on alleged bogus purchases to 5%, ruling profit element taxable when transactions are proven, distinguishing higher court precedent.
ITAT Nagpur held that the provisions of section 56(2)(vii) (b)(ii) of the Income Tax Act came into statute by Finance Act 2013 w.e.f. 01.04.2014 i.e., A.Y.2014-15. Accordingly, provisions cannot be made applicable to date of agreement before 01.04.2014.
Patna High Court held that since the investigation is going on and is in a nascent stage, any interference in the seizure proceedings would have the effect of hampering and stifling proper investigation and adjudication. Accordingly, writ disposed off.
On May 6, 2025, India and the United Kingdom officially concluded a comprehensive Free Trade Agreement (FTA), marking a significant advancement in bilateral economic relations.
Learning to identify financial red flags like high debt, low working capital, or rising receivables can help investors assess company health and avoid potential pitfalls.
Analysis highlights concerns that mandatory GST pre-deposit for appeals poses financial hurdles for businesses, potentially limiting access to justice against disputed tax demands.
CESTAT Ahmedabad rules material value from separate supply contracts not includible in works contract service value for period before July 7, 2009 amendment.
MCA notifies Companies (Indian Accounting Standards) Amendment Rules, 2025, modifying Ind AS 21 and 101 regarding currency exchangeability and disclosures.
Rajasthan High Court criticized the CESTAT for failing to consider and discuss the binding precedent set by the Supreme Court in Balaji Steel Re-rolling Mills, despite it being specifically referred to by the appellant.
