Delhi High Court upheld the view that high-purity gold jewellery could not be absolutely confiscated merely because it fell within the category of primary gold. Redemption on payment of fine and duty was allowed.
Tribunal found that the assessee had paid applicable R&D cess on royalty and technical know-how fees and had maintained supporting records. Exemption equivalent to service tax liability was therefore allowed.
CESTAT held that sharing telecast rights of horse racing events with other clubs against downlinking charges amounted to commercial exploitation of events. Service tax demand for the post-2010 period was upheld.
The Delhi ITAT held that activities relating to environmental protection, farming awareness, and sustainability education qualify under the preservation of environment limb of Section 2(15). The Tribunal ruled that such activities are not hit by the restrictive proviso applicable to general public utility cases.
The Madras High Court directed GST authorities to keep proceedings on seigniorage fee and royalty demands in abeyance until the Supreme Court decides the issue. The Court, however, required deposit of 10% of the disputed tax as security.
The Gujarat High Court directed authorities not to pass any final order in a GST dispute concerning corporate guarantees during pendency of the writ petition. The case challenges Rule 28(2) and circulars prescribing 1% deemed valuation for GST purposes.
Gujarat High Court quashed tax orders after holding that three hearing dates cannot be treated as three adjournments under Section 33A, citing breach of natural justice.
The Pune ITAT held that reassessment beyond four years based on the same hawala purchase material already examined during scrutiny amounted to a mere change of opinion. The reassessment proceedings were therefore quashed as invalid.
The Tribunal observed that earlier additions were primarily based on DRI show-cause notices without independent investigation by the Assessing Officer. Fresh adjudication was ordered after admission of subsequent customs findings.
The article explains that each crypto card transaction is treated as a taxable transfer of virtual digital assets under Indian tax law. It highlights the need for proper reporting, record-keeping, and tax planning for 2026 filings.
