The Tribunal ruled that failure to formally intimate amalgamation sustained the assessment, applying Mahagun Realtors, while striking down mechanical expense disallowances.
Delhi High Court held that summons under section 70 of the Central Goods and Services Tax Act [CGST Act], is issued for gathering information and providing an opportunity to produce documents, it cannot be considered to be initiation of proceedings against the petitioner. Thus, writ dismissed as premature.
The Authority ruled that electric motor parts used in EV axles cannot be treated as motor vehicle parts and must be classified under Chapter 85 as per Section XVII exclusions.
The authority held that smartwatch bands merely secure the watch and do not contribute to communication or electronic functions, warranting classification as watch bands under Heading 9113.
CESTAT Delhi held that revocation of Customs Broker licence justified since it was involved in filing benami shipping bills in the name of some other IEC holder with intend to export prohibited goods. Accordingly, order upheld and appeal dismissed.
The CBI arrested two bank officials for allegedly helping cybercriminals open and operate mule accounts used for fraudulent fund transfers. The case highlights insider involvement in cybercrime infrastructure and ongoing investigations into similar roles played by other officials.
Recent amendments to Section 115UA close debt-repayment loopholes and introduce concessional LTCG rates, balancing investor yields with revenue objectives.
ITAT rules that algorithmic data, AIS flags, and system-generated alerts cannot substitute for legal evidence in income-tax additions. The ultimate burden of proof remains with the Revenue.
The High Court addressed recovery action taken during pendency of tax appeals and directed the appellate tribunal to hear interim applications swiftly. Recovery was stayed until a specified date.
The Court quashed a GST refund rejection passed without granting the full statutory reply period and personal hearing. It held that non-compliance with Rule 92 vitiates the refund order.
