Supreme Court held that preventive detention of detenu under COFEPOSA Act involved in gold smuggling syndicate upheld since detaining authority derived valid subjective satisfaction.
The Tribunal condoned delay due to reasonable cause and addressed valuation mismatch. It remanded the issue for DVO-based reassessment. The ruling balances procedural leniency with substantive justice.
IRDAI delegates Section 34 powers between Whole Time Members and Chairperson. The move aims to streamline enforcement actions and improve regulatory efficiency.
ITAT Mumbai remanded ₹95.81 lakh commission disallowance, holding that non-response to Section 133(6) notices alone cannot justify addition without proper verification; ad-hoc expense disallowance reduced from 20% to 10%.
SEBI’s 2026 amendments reduce credit risk thresholds and widen investment options for InvITs. The changes improve flexibility while maintaining regulatory safeguards.
The government excludes Lithograde aluminum coils above 1150 mm width from anti-dumping duty. The change follows court directions and revised DGTR findings.
Authorities uncovered fraudulent ITC claims exceeding ₹8 crore without actual supply of goods. The ruling highlights that ITC is inadmissible where the supply chain is non-existent or broken.
The issue concerns massive backlog in ITAT caused by unfilled positions and delayed appointments. The intervention highlights that immediate operationalisation of approved members is necessary to restore efficiency and timely justice.
The Tribunal held that disallowance of gratuity without examining supporting evidence requires reconsideration. The case was remanded to the AO for fresh adjudication based on newly submitted documents.
The issue was whether addition under Section 56(2)(x) based on stamp value was justified despite conflicting private valuation. The Tribunal directed the AO to obtain a DVO report and reconsider the addition as per law.
