Bombay HC disposes of Sai Service case after CBIC clarifies input tax credit eligibility for demo vehicles via a circular issued on 10.09.2024.
Burden of proving undervaluation lies with the customs authorities, and an importer’s acceptance of valuation does not, by itself, constitute valid evidence.
Bombay HC condones delay in electronic filing of Form 10B for Borivli Education Society, ruling that manual submission within time was substantial compliance.
Bombay High Court held that reopening the assessment after four years requires a clear failure on the part of the assessee to disclose material facts,
Delhi High Court upholds ITAT’s decision in ITO vs. DG Housing Projects Ltd, dismissing Revenue’s appeal on assessment year 2004-05 under Section 263 of IT Act.
CESTAT Chennai rules Vividh Print Media eligible for concessional customs duty, citing SC precedent on retrospective application of error-correcting notifications
ITAT Hyderabad remands tax assessment case due to taxpayer’s unawareness of faceless proceedings, imposes penalty for non-compliance.
ITAT Bangalore sends Light Ray Advisors LLP’s dividend exemption claim back to AO for re-examination, noting potential oversight of filed documents.
Madras High Court grants relief to assessee, ruling GST portal notice insufficient; remands case subject to 25% tax payment.
ITAT Hyderabad sends ₹3.56 crore income addition case back to CIT(A) for reconsideration, imposes penalty for non-compliance.
