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Penalty and Redemption Fine can be imposed Despite Re-Export Permission

June 14, 2024 2376 Views 0 comment Print

CESTAT Chennai rules: Redemption fine and penalty can be imposed on re-export of prohibited goods. Detailed analysis of the Scania Commercial Vehicles India Pvt Ltd case.

HC Denies Bail in Alleged Shine City Money Laundering Case

June 14, 2024 1272 Views 0 comment Print

Allahabad High Court rejects bail for Udhaw Singh in a Rs 7.68 crores fraud case against home buyers and investors. Detailed analysis of the judgment.

GST order unsustainable if not provide reasons for its findings: Madras HC

June 14, 2024 993 Views 0 comment Print

Madras High Court sets aside the State Tax Officer’s order rejecting Elite Natural’s excess GST ITC claim due to lack of proper reasoning. Case remanded for reconsideration.

No Section 54F Exemption for Shed on Agricultural Land, Not Considered Residential House

June 13, 2024 7608 Views 0 comment Print

Detailed analysis of the ACIT vs Himanshu Garg case at ITAT Delhi regarding capital gains, section 54F exemption, and land sale considerations.

ITAT quashes Ex-parte order against Illiterate & agriculturist assessee: Directs re-adjudication

June 13, 2024 1296 Views 0 comment Print

Ex-parte order quashed & restored back to AO. Illiterate and agriculturist assessee’s appeal considered. Detailed analysis of the case.

Delhi HC orders re-adjudication of GST demand notice due to accountant’s maternity leave

June 13, 2024 651 Views 0 comment Print

Delhi HC orders re-adjudication of GST demand notice due to accountant’s maternity leave. Petitioner granted opportunity to respond to SCN. Full case analysis here.

Delhi HC Mandates Ethical Conduct for Liquidators under IBC

June 13, 2024 792 Views 0 comment Print

Delhi HC rules on Sundaresh Bhat vs IBBI, emphasizing ethical conduct and fairness for liquidators under IBC. Key insights into the court’s decision.

Section 153C Assessments Beyond 10 Years Block Period Invalid: Delhi HC

June 13, 2024 1650 Views 0 comment Print

Delhi High Court rules Section 153C assessments beyond the 10-year limit unsustainable, quashing notices for AY 2013-14. Key judgment impacts reassessment proceedings.

Monetary Limit Calculation for Appeals Involving Customs Duty, Fine, Penalty & Interest

June 13, 2024 2310 Views 0 comment Print

Delhi High Court dismisses the Principal Commissioner of Customs’ appeal against Linear Technologies India due to duty element below the threshold limit of Rs.1,00,00,000.

IBC Doesn’t Equate Treatment of Related and Unrelated Parties: NCLAT

June 13, 2024 1284 Views 0 comment Print

Learn about the NCLAT’s judgment in West Coast Paper Mills Ltd. Vs Bijay Murmuria case, where it upholds NCLT’s decision, rejecting parity treatment for related parties under IBC.

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