Commissioner of Customs vs Disha Tulsiani: Allahabad High Court dismisses revenue appeals over confiscation of 3.5 kg gold bars under Customs Act, citing low monetary limits.
Karvy Innotech Limited Vs State of Maharashtra: Bombay HC Quashes MVAT Order passed after expiry of four years from the end of the year containing period to which return relates
Bombay HC upholds Rs. 71.88 lakh entertainment duty for APSARA Awards while deleting Rs. 71.88 lakh penalty. Key points and detailed analysis of the judgment.
The court held that while the information prompting the notice must be disclosed to the assessee, the detailed material or evidence need not be supplied at the initial stage. The court emphasized that Section 148A aims to provide a preliminary opportunity to the assessee, ensuring that reassessment proceedings are not initiated arbitrarily or without sufficient basis.
Read the Kerala High Court judgment on income tax assessments involving Sunny Jacob Jewellers. Analysis includes AO’s authority under Section 153A, impact of incriminating materials, and appellate decisions.
Bombay High Court overturns MVAT on vehicle registration, handling, and insurance charges in Chavan Motors Division India Pvt. Ltd. vs State of Maharashtra.
Kerala High Court decision on R. Jayakumar vs Union of India regarding retrospective tax exemption on earned leave salary.
Diamond Steel Vs State of Up (Allahabad High Court) – Best judgement assessment cannot be resorted to by authorities when adjudication is made under Section 74
Read the detailed Kerala High Court judgment in Poonjar Service Co-Operative Bank Ltd. vs ITO regarding tax assessment for 2018-19 under Section 80P of Income Tax Act. Understand implications and legal analysis.
Bombay High Court ruled that slump sales under Business Transfer Agreements are not taxable as sales of goods under the MVAT Act.
