Provident fund dues were protected by statute and same were excluded from the liquidation estate of a company under Section 36(4)(a)(iii) of the Insolvency and Bankruptcy Code, 2016, thus, could not be denied to claimants on grounds of delay as it would defeat the object of protecting employees’ social security.
Madras High Court held that Appellate Assistant Commissioner is not justified in remanding the matter since authority has recorded a clear finding that explanations offered by assessee were very satisfactory. Accordingly, order remanding the matter quashed and appeal is allowed.
Madras High Court modified conditions for provisional release of PVC Coated Fabric [goods involved in misclassified and undervalued] and directed payment of duty; payment of 50% of differential duty and execution of bond for specified amount.
Madras High Court held that AO based on seized records and statement of dealer was justified in assessing the suppressed turnover. Accordingly, order of Assistant Commissioner and Tribunal set aside and addition upheld.
Madras High Court held that freight charges are directly related to the delivery of goods and therefore form an inseparable part of the sale consideration. Thus, freight charges form part of the sale price and are taxable under the Sales Tax Act.
Court observed that mere compliance by portal upload cannot replace genuine service of notice and directed reassessment after giving the taxpayer a fair hearing.
Madras High Court confirms that bakery products sold by a snack bar (Cakes N Bakes) are not exempt from sales tax, ruling that the exemption is limited to specific tea/coffee items.
Madras HC rules consolidated GST SCN/order covering multiple financial years is impermissible, violating the statutory limitation framework. Orders quashed; new proceedings allowed.
The allegations surfaced that a syndicate was involved in importing multiple high-end cars in the names of foreign diplomats, evading duties, forging bills of entry, and subsequently selling the cars to unsuspecting buyers in India.
The Madras High Court blocked criminal prosecution against Jurassic Refiners & Jewels, ruling the underlying customs duty evasion allegation, which stemmed from the duty-free gold scheme, was dismissed on merit by the Telangana High Court.
