The ITAT Mumbai held that notional rent cannot be taxed under “Income from Other Sources” without evidence that such income was actually received or receivable. The Tribunal deleted additions relating to shared premises with group companies.
The Bombay High Court held that the Appellate Authority could not reduce transitional credit by relying on MVAT mismatch figures outside the scope of Section 140 of the MGST Act. The matter was remanded for fresh consideration of the transitional credit claim.
GSTAT के नए आदेश के अनुसार सभी लंबित और नई अपीलें पहले Division Bench के समक्ष सूचीबद्ध होंगी। केवल कानून का प्रश्न न होने पर ही मामला Single Bench को भेजा जा सकेगा।
The AAAR observed that customers were only informed about an unspecified Transporter facilitated through the e-commerce platform. It held that absence of certainty regarding the contracting party weakened the claim of an independent GTA service.
CBIC has clarified that Entry Inward and Vessel Sail-out Clearance cannot be delayed due to pending physical boarding of customs officers. The circular aims to reduce cargo operation delays and streamline port clearances through digital processes.
Bluetooth Wireless Earphones because of its Bluetooth/Wireless connectivity did not transform an earphone into a “data transmission machine” for classification purpose.
The entire demand of excise duty, interest, and penalties for alleging that assessee was merely a proxy entity created by Noble Industries to fraudulently extend the exemption period beyond its permissible tenure was set aside as exemption notification and CBEC Circulars expressly permitted manufacture of new products, relocation of eligible units within notified areas, and transfer of ownership without affecting exemption eligibility.
Transfer Pricing Officer (TPO) had wrongly recharacterised Boeing India Defense Private Limited as a full-risk service provider despite the Associated Enterprise (AE) assuming the entire contractual and operational risks relating to defence support services rendered to the Indian Air Force (IAF).
Works contracts for government buildings and educational institutions remain a highly litigated area therefore, merely relying upon Form 26AS data and illegal invocation of the extended period of limitation under Section 73(1) of the Finance Act, 1994 was not justified.
ROC Cuttack imposed penalties for failure to print mandatory contact information on company letterheads under Section 12(3)(c). The ruling stresses strict compliance with statutory disclosure requirements in official documents.
