ITAT Mumbai rules against Section 56(2)(vii)(b) addition, stating property valuation should be based on the agreement date, not registration, when payments are made by banking channels.
ITAT Chennai remands Murugan Doraisamy’s case, allowing re-evaluation of Section 54F deduction despite a delay in Capital Gains Account deposit.
ITAT Mumbai ruled against reopening assessments for penny stock LTCG without independent proof of accommodation entries, emphasizing genuine investor transactions.
Andhra Pradesh High Court sets aside GST assessment order lacking officer’s signature and Document Identification Number (DIN), citing judicial precedents. Case remanded for fresh assessment.
CAAR Mumbai resolves classification dispute for Clutch Master and Slave Cylinders. Ruling rejects CTH 8412, placing items under CTH 8708 as vehicle parts.
Mumbai’s CAAR classifies Insulated Gate Bipolar Transistors (IGBTs) under CTH 8541.29.00, citing HSN notes. The ruling impacts EV component importers.
CAAR Mumbai classifies Novus Animal Nutrition’s ‘XYLAMAX’ under CTH 2309 90 90 as an animal feed preparation, not an enzyme, based on its composition and use.
CAAR Mumbai classifies roasted cashews under CTI 20081910 but declines to rule on roasted areca nuts and scented supari due to existing court orders and litigation.
CAAR Mumbai rules Viewsonic data projectors are for ADP use under CTI 85286200 and get duty exemption, citing key judicial precedents on ‘principal use’.
Learn if GST registration is required in Tamil Nadu for trading “rubber stopper” products imported and stored in a Free Trade Warehousing Zone (FTWZ) for pharmaceutical use.
