CESTAT upholds the denial of EPCG benefit for used machinery but reduces the redemption fine and sets aside the Section 114A penalty due to bona fide belief.
Allahabad HC grants bail to Manoj Kumar Garg in a {₹}40 crore fake ITC case, citing completed investigation, documentary evidence, slow trial pace, and limited maximum sentence.
CESTAT Delhi held that no wilful suppression was proven to invoke extended limitation under Section 73(1) of the Finance Act. Demand set aside on limitation.
An Indian citizen was caught by the Customs Department attempting to depart with 15,000 U.S. Dollars concealed without valid documentation, leading to the absolute confiscation of the currency and imposition of a penalty under the Customs Act, 1962, and the Foreign Exchange Management Act, 1999 (FEMA).
The Orissa High Court dismissed a plea by a Managing Director to discharge himself from a prosecution under Section 138 of the Negotiable Instruments NI Act, 1881, following his company’s entry into the Corporate Insolvency Resolution Process CIRP under the IBC, 2016.
AAR Gujarat held that input tax credit is admissible on cables, electrical equipment, and installation services used to connect power from GETCO’s substation to a factory, even when installed beyond factory limits.
Gujarat AAR ruled that the ₹60 crore transfer of RDB Realty s Surat housing project qualifies as a transfer of a going concern and is exempt from GST under Notification No. 12/2017.
Bombay High Court quashed the Section 127 transfer of a former CFO’s case from Mumbai to Delhi, ruling that the basis for transfer coordinated investigation eased once the main company’s assessment was complete.
The Gujarat High Court confirmed the Tribunal’s decision to disallow 25% of bogus purchases shown by Vijay Proteins Ltd., but quashed the penalty levied under Section 271(1)(c) of the Income-tax Act.
Allahabad High Court rules in Aysha Builders case that generating an e-way bill after vehicle detention is non-compliant, frustrating the GST Act’s purpose, and upholds the Rs 75,600 penalty.
