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Confiscation Invalid: Department Unable to Prove Imported Goods Were Serviceable Pipes, Not Scrap

February 8, 2024 240 Views 0 comment Print

CESTAT Chennai grants relief to ESSA Exports by deeming seized goods as ‘scrap.’ Detailed analysis of the order, including the examination of goods and expert opinions.

GSMA vs DCIT: ITAT Rules No Royalty on IMEI Database Fees

February 8, 2024 333 Views 0 comment Print

ITAT Delhi rules in favor of GSMA Limited. Administrative fees for IMEI database access not deemed royalty. Detailed analysis of the order and tax implications.

Shareholder Has ‘No Locus Standi’ to Challenge Resolution Plan: NCLAT Chennai

February 8, 2024 630 Views 0 comment Print

Explore the NCLAT Chennai judgment on Ramesh Kesavan Vs CA Jasin Jose. CoC’s approval of Resolution Plan below Liquidation Value analyzed. Learn about Edelweiss exclusion, valuation concerns, and shareholder locus challenges.

No Income Tax Section 35(1)(ii) Weighted Deduction on Donations after Expiry of Approval

February 8, 2024 774 Views 0 comment Print

Understand case of Joshi Technologies International Inc Vs CIT regarding weighted deduction on donations under Section 35(1)(ii) of Income Tax Act. Learn why claim was deemed ineligible and implications.

Past Promoter or Director Role No Bar for Submitting Resolution Plan: NCLAT

February 8, 2024 378 Views 0 comment Print

NCLAT Delhi rules on eligibility of ex-promoter, Mr. Mahesh Mathai, to submit a Resolution Plan. Detailed analysis of Vishram Panchpor vs Committee of Creditors case.

Supreme Court Dismisses Service Tax Appeal: Low Tax Effect

February 8, 2024 408 Views 0 comment Print

Read about the Supreme Court’s dismissal of Service Tax Appeal due to low tax effect, citing Circular No. 17 of 2019. Insights on Commissioner of Customs And Central Excise vs P And C Constructions Pvt. Ltd.

Miraj Cinema not profiteered from reduction in GST rates for tickets: CCI

February 7, 2024 378 Views 0 comment Print

Delve into the detailed analysis of the Competition Commission of India’s order regarding alleged profiteering by Miraj Entertainment Limited in ticket pricing. Understand the findings and conclusions of the investigation.

Pivotal Infrastructure Pvt. Ltd. not guilty of profiteering in respect of project ‘Devaan’: CCI

February 7, 2024 174 Views 0 comment Print

Explore the detailed analysis of the Competition Commission of India’s order regarding profiteering allegations against Pivotal Infrastructure Pvt. Ltd. Discover the findings and conclusions of the investigation

Classification of Creative Touch 5-series Interactive Flat Panel (IFP)

February 7, 2024 768 Views 0 comment Print

Customs Authority of Advance Ruling, Mumbai, regarding the classification of Creative Touch 5-series Interactive Flat Panel (IFP) by Audio Distribution House Pvt. Ltd.

Non-Therapeutic Import: Bovine Serum Albumin Classification under CTI 3502 9000

February 7, 2024 240 Views 0 comment Print

Explore the detailed analysis of the Customs Authority’s ruling on the classification of bovine serum albumin imports by M/s. Bio-Rad Laboratories India Limited, focusing on relevant legal interpretations and implications.

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