CESTAT Delhi upheld the inclusion of metal lease charges in assessable value since the same was paid as a condition of sale and not paid in nature of interest. Accordingly, differential duty demand confirmed.
The Rajasthan High Court upheld that penalty proceedings under the Income Tax Act require specific, recorded satisfaction by the AO for the correct section, not general initiation.
In the present case, the revenue has merely re-assessed the value on the basis of the statement of Shri Jhunjhunwala, which is not the prescribed requirement for reassessment of the value of the imported goods.
ITAT Jaipur partially allows Adworld Communications appeal, reducing income estimation based on prior year’s results after account issues cited.
The Jharkhand High Court quashed GST notices to Sri Ram Stone Works, ruling Section 61 of the CGST Act is for return scrutiny, not for comparing transaction values with market prices to allege undervaluation.
Delhi High Court sets aside GST demand order against World Art Press, citing SCN visibility issues. Broader challenge to notification validity remains before Supreme Court.
Delhi High Court sets aside an income tax notice demanding management fees from Idemia Identity And Security India, ruling it violated Section 149(1)(a) due to limitation.
Delhi High Court orders release of a UAE resident’s seized gold and iPhones, citing lack of show cause notice and allowing redemption for phones.
Patna High Court held that GST is leviable on construction service rendered in lieu of the development rights under the Development Agreement. Accordingly, the present writ application is not entertained.
The Bombay High Court has fixed accountability by directing interest recovery from an erring officer for delayed income tax refunds, emphasizing timely compliance.
