As per section 194IA of income tax Act, if immovable property, other than agricultural land, is transferred tax (TDS) will be deducted @1% if sale consideration or stamp duty value is more than ₹50L.
Supreme Court sets aside reassessment notices for AY 2015-16 issued after April 1, 2021, based on Revenue’s concession in the Rajeev Bansal case.
CESTAT Delhi directs refund of Rs 107 crore deposited under protest by Barmer Lignite Mining Co, ruling unjust enrichment doctrine inapplicable due to regulated price.
CESTAT Delhi orders full refund of Rs. 9.35 Crore excise duty paid under protest by Allied Chemical, overturning denial based on Cenvat credit use and unjust enrichment.
Delhi High Court dismisses Customs appeals, upholding CESTAT’s decision that U.T. Electronics Pvt. Ltd. rebutted unjust enrichment claim for duty refund.
Madras High Court invalidates customs order against Texwin Impex for duty drawback recovery, citing unreasoned decision and breach of natural justice by not considering exporter’s reply.
Gujarat High Court sets aside ex parte Service Tax order against Kachhadiya Vijaybhai Kalubhai, citing procedural infirmity in hearing notice and breach of natural justice.
Gujarat High Court clarifies adjournment rules under Section 33A of the Central Excise Act, akin to CGST Act Section 75(5), allowing four hearing opportunities.
Jharkhand High Court sets aside tax tribunal order in Nirmal Kumar Pradeep Kumar case, citing procedural lapse in valuing iron ore sales.
Explore implications of unpaid basic tax under GST amnesty schemes. Learn how void orders may affect deemed approvals and eligibility under Rule 164(16) and (17)
