Gujarat HC ruled that NCLT Delhi lacked authority to transfer matters from Ahmedabad to Mumbai under Rule 16 of NCLT Rules, 2016, terming such administrative transfers beyond territorial limits as illegal.
Citing the Supreme Court’s Jaypee Kensington judgment, the NCLAT ruled that minority creditors in a class cannot challenge a resolution plan approved by a significant majority. The appeal lacked grounds for Section 30(2) non-compliance.
ITAT ruled that 5% tolerance for difference in stamp duty value and sale consideration applies retrospectively. This allowed assessee’s appeal against an addition under Section 56(2)(x).
The Delhi High Court overturned the CESTAT’s August 2024 order concerning the revocation of Primus Logistics’ Customs Broker license. The CESTAT must now hear and decide the matter based on the evidence and merits.
In the matter of Deepak Kumar Bhagat, the High Court ruled that a hyper-technical view, especially one entailing financial liability in tax matters, is impermissible and restored the appeal for a hearing on merits.
Finding the tax order was passed without an opportunity of hearing, the Allahabad High Court set aside both the original Section 73 order and the subsequent time-barred appeal dismissal, sending the case back to the assessing authority.
The Court considered the period of incarceration and ordered the petitioner’s release on a Rs. 10,000/- bond, subject to mandatory conditions like surrendering his passport and daily reporting for four weeks.
CESTAT Allahabad dismissed an appeal against the confiscation of gold concealed in a passenger’s baggage, explicitly citing Section 129A(1) of Customs Act which bars Tribunal from hearing such cases.
Citing the clear Supreme Court ruling, the High Court held that the challenge to the DRI’s authority to conduct proceedings and issue a Show Cause Notice no longer survives, directing the adjudication to proceed.
CBIC’s FY 2024-25 updates tighten ITC reporting and auto-population in GSTR-9/9C. Learn who must file, due dates, and expert reconciliation tips to avoid penalties.
