Delhi High Court held that valuation of unquoted equity shares held by the assessee by Discounted Cash Flow [DCF] method is permissible under rule 11UA(2) of the Income Tax Rules. Accordingly, appeal of revenue dismissed.
Delhi High Court dismisses revenue’s appeal against CESTAT’s Spicejet Ltd. order, ruling that service tax issues on CENVAT credit and excess baggage fall under Supreme Court jurisdiction.
Delhi High Court dismisses revenue’s appeal against CESTAT, ruling that cases involving service tax chargeability must be heard by the Supreme Court, not the High Court.
Delhi High Court held that payment of cross-cost charges doesn’t construed as royalties within scope of Article 12(3) of the India-US DTAA hence order rejecting application for NIL withholding tax set aside. AO directed to issue necessary certificate.
Delhi HC set aside an ex-parte GST demand order against K.S. Impex Ltd., remanding matter for fresh adjudication. Court’s decision largely hinged on procedural issues surrounding delivery of show cause notices (SCNs).
Delhi High Court mandates reasoned orders and personal hearings for adverse GST rectification orders, citing Section 161 CGST Act and natural justice principles.
Delhi High Court addresses challenges to GST show cause notices and extended deadlines in Mahadev Industries case, pending Supreme Court decision on notification validity.
Delhi High Court reinstates AP Manufacturing Co.’s GST cancellation appeal, citing lack of show cause notice service and natural justice violation, following precedent.
Delhi High Court quashes GST demand order for Luksun International, citing lack of personal hearing. Remands for fresh adjudication, pending Supreme Court’s decision on controversial GST notifications challenged by multiple High Courts.
Delhi High Court directs Aays Exim to pursue appellate remedy against a GST order, leaving the challenge to the validity of tax deadline extension notifications open, pending Supreme Court and High Court decisions.
