ITAT Amritsar set aside the reassessment and remanded the matter for fresh adjudication after directing verification of Section 148 notice, jurisdiction and merits.
ITAT Mumbai upheld that no TDS applied under Sections 194H, 192 and 194A on stockist margins, ESOP grant stage and MSME delayed payment interest.
Bombay HC quashed rejection of Section 244A interest and directed payment till actual refund, finding no delay in refund proceedings attributable to the assessee.
Kerala HC set aside stamp duty demand on amalgamation and de-merger approved before the 2016 and 2020 amendments, holding the amendments were not retrospective.
NCLAT Delhi dismissed appeals against NFRA orders, upholding penalties, debarment and findings of professional misconduct arising from the audit of a listed company.
CESTAT Mumbai dismissed Revenue’s service tax appeals as the disputed amounts in each appeal were below the ₹60 lakh monetary limit under the CBIC Instruction dated 06.08.2024.
CESTAT Mumbai restored refund of unutilized CENVAT credit, holding investment advisory services provided to an overseas entity qualified as export of service.
ITAT Panaji partly deleted Section 271(1)(c) penalty, holding that certain disallowed capital gains claims were bona fide while sustaining penalty on caretaker and interior expenses.
NCLAT Chennai dismissed a prospective resolution applicant’s appeal as premature, holding that the intervention application remained pending after remand of the resolution plan to the CoC.
CESTAT Mumbai classified boiler feed and condensate extraction pumps under CETI 8413 7010, restored exemption under Notification No. 12/2012-C.E. and set aside duty demand.
