Gujarat HC quashed the reassessment proceedings after holding that ignoring the assessee’s adjournment request violated natural justice.
ITAT held that once Form 10IE is validly exercised and not withdrawn, it continues for later years. AO was directed to grant Section 115BAC benefit.
Madras HC upheld deduction for site restoration expenses, holding the contractual obligation under the PSC is allowable under Section 37(1).
CESTAT held glucometers are classifiable under CTH 9027 as they perform chemical analysis of blood glucose and dismissed Revenue’s appeal.
ITAT Mumbai held that a deduction claim supported by prevailing judicial precedents cannot attract Section 270A penalty merely because a later retrospective amendment made the claim inadmissible. The penalty for under-reporting of income was deleted.
CESTAT held limitation cannot be decided without establishing the actual date of communication. Matter remanded for fresh consideration.
Calcutta HC directed completion of liquidation of 32 banking companies within six months with periodic reporting to RBI.
CESTAT ruled that Section 51 of the SEZ Act supports refund when services are used for authorised operations despite documentation issues.
CESTAT ruled that the appeal abated as no legal representative applied for continuance after the appellant’s death under Rule 22.
Bombay High Court restrained coercive action while considering challenges to jurisdiction, retrospective application, and Section 122(1A) GST penalty.
