Kerala High Court declares Section 7(1)(aa) of CGST Act unconstitutional for member-club transactions, upholding the doctrine of mutuality.
Kerala High Court rules amended GST provisions taxing services by associations to members unconstitutional, citing lack of legislative competence and mutuality principle.
ITAT Ahmedabad held that the assessee was eligible for claim of deduction under Section 80G of the Act in respect of donation made to Mukhyamantri Shree Swachchta Nidhi Gujarat, as part of its CSR initiative. Accordingly, appeal of assessee allowed.
High Court directs refund of accumulated excise credit to defunct EOU, citing mutuality and applying principles from a Supreme Court-affirmed precedent.
Bangalore CESTAT rules EOU not eligible for cash refund of Cenvat credit on supplies to other EOUs after March 2015 amendment but allows re-credit.
Supreme Court rules internal excise orders on jurisdiction/manufacture aren’t appealable; challenges must follow Section 11A adjudication.
Delhi High Court held that issuance of notice for initiating penalty proceedings under section 271(1)(c) of the Income Tax Act without specifying the limb under which the penalty was proposed to be levied is bad-in-law. Accordingly, appeal of revenue dismissed.
SEBI accepts registration surrender of Strata SM REIT following review; cautions investors. Entity had not launched any schemes.
SEBI consultation paper outlines proposed relaxations for FPIs investing solely in Indian government bonds via VRR/FAR to enhance ease of business and attract investment.
Bangalore CESTAT directs cash refund of Cenvat credit to EOU for period before GST, citing transitional provisions and binding precedents.
