ITAT Mumbai rules an unsigned assessment order against Reuters Asia Pacific Ltd. invalid, clarifying Section 292B of Income Tax Act doesn’t cure this defect.
Royalty paid for technology use in production is on net value of goods made in India; thus, it can’t be added to the value of finished goods imported for trading.
Madras High Court orders reconsideration of GST registration cancellation for Sparta Food Factory India Pvt Ltd, emphasizing timely return filings.
ITAT Bangalore rules income from credit facilities to nominal members of a Co-operative Society exempt under Section 80P(2)(a)(i) of the Income Tax Act.
ITAT Mumbai rules that comparables cannot be excluded if their financial data can be reasonably extrapolated, in Syngenta Services Private Limited’s case.
Madras High Court remanded Carl Zeiss India’s case for converting shipping bills under a drawback scheme to an advance authorization scheme. The Court found the time limit in a Board Circular unsustainable and directed authorities to consider the company’s documents for conversion eligibility.
Madras High Court revived a company’s dismissed tax dispute under the Sabka Vishwas Legacy Disputes Resolution Scheme (SVLDRS) due to financial hardship. The Court directed the company to pay interest on delayed payment and ordered authorities to treat the case under SVLDRS and issue a discharge certificate.
ITAT Bangalore rules deduction under Section 80P of Income Tax Act requires filing of return of income, dismissing Madhu Souharda Pathina’s appeal.
CESTAT Delhi rules that issuance of a consignment note is essential for taxability under Goods Transport Agency (GTA), offering relief to Sitaram Jaggnath Prasad Sihotia.
Calcutta High Court explores whether Insolvency and Bankruptcy Code prevails over CGST in Eden Real Estates Pvt. Ltd. case, offering interim relief.
