ITAT Mumbai affirms 25% addition on fictitious purchases by Vinod Omprakash Kainya, citing un-rebutted hawala transactions and cancelled TINs of suppliers.
Delhi HC sets aside TDS order under Section 201(3) of Income Tax Act for exceeding the statutory limitation period. Court emphasizes compliance with legal provisions.
Madras High Court sets aside GST demand for Rajvijay & Co. due to ex-parte order, directs fresh hearing and bank attachment lift on 25% payment.
Mumbai CAAR rules ‘Choline Chloride 60% Corn Cob’ is an animal feed preparation (2309), not a chemical (2923), due to its corn cob carrier.
Delhi CAAR rules Vivo’s Flexible Printed Circuit boards are classified under CTH 8534 (Printed Circuits), not 8517 (Antenna Parts).
CAAR Delhi allows duty exemption for FOC imports in jobbing, clarifies value addition rules, and emphasizes adherence to existing customs procedures.
The Income Tax Appellate Tribunal (ITAT) Ahmedabad upheld the deletion of a Rs. 3.11 crore addition to an NRI’s income, ruling that funds transferred from an NRE account, originating from foreign earnings, are not taxable in India.
ITAT Jaipur to rule on NRI Ravindra Gaur’s Rs. 86 lakh NRE account deposit, claimed as foreign remittance, challenging ex-parte addition and Section 68 application.
Delhi High Court rules in favor of Russian Technology Centre on share capital additions, clarifying Section 68 and admissibility of evidence for foreign remittances.
Calcutta High Court orders National Jute Manufactures Corporation (NJMC) to refund pre-bid earnest money, deeming forfeiture unfair and arbitrary.
