Gujarat AAR clarifies GST rates on pre-packaged rice exports. Rules on 5% IGST for direct exports and concessional 0.1% for ‘bill to ship to’ scenarios, subject to conditions.
Delhi HC allows an appeal against a customs fraud penalty, directing petitioner to Commissioner (Appeals) and permitting adjustment of a ₹2 crore pre-deposit already paid.
Bombay High Court rules that the omission of CGST Rules 89(4B) and 96(10) without savings clauses leads to the lapse of pending show cause notices and orders.
The Rajasthan High Court quashed an order rejecting a charitable trust’s application to condone a delay in filing an audit report (Form 10B), emphasizing that a taxpayer should not suffer due to a professional’s mistake.
The Karnataka High Court set aside an order against NL Tile Art Pvt. Ltd., citing that tax authorities failed to consider the company’s annual returns and ITC reversal forms.
ITAT Mumbai rules in favor of Ramesh Dhuri, deleting Rs.4.84L addition under Section 56(2)(x)(b)(B) due to retrospective 10% tolerance limit.
The Income Tax Appellate Tribunal (ITAT) Mumbai has invalidated the reassessment against Sunidhi Securities & Finance Limited, citing an incorrect sanctioning authority for the Section 148 notice. The case centered on a reassessment initiated for alleged bogus trading losses, which the Tribunal deemed null and void based on the judicial precedent set by the Supreme Court.
CAAR Mumbai permits Unibourne Food Ingredients LLP to withdraw its application on customs duty notification for shelled walnut imports.
ITAT Mumbai, allowed a taxpayer’s claim for a long-term capital gains exemption, ruling that date of possession, not date of agreement, is crucial factor for Section 54 of Income Tax Act.
Supreme Court used its extraordinary power to set aside a High Court order and restore a decade-old appeal related to clandestine removal, ensuring the company gets a remedy.
