Madras High Court held that that the essential parameters such as moisture and ash content were not tested properly for classification of roasted areca nuts. Accordingly, matter remitted back to Commissioner of Customs for fresh consideration.
Madras High Court held that confiscation of crude gold bar justified as source of income for having purchased gold bar not proved. Thus, burden of proof u/s. 123 of the Customs Act not discharged.
The Madras High Court addressed the tax treatment of royalty payments for brand use and the allowability of bad debts for Shriram Chits Tamilnadu Pvt. Ltd., affirming prior rulings.
The Madras High Court upheld that software expenses, including license fees, for Danfoss Industries Pvt. Ltd. are revenue expenditures, not capital, citing no enduring benefit.
The Madras High Court has invalidated reassessment proceedings against Changepond Technologies, ruling they stemmed from a mere change of opinion, not new material.
Madras High Court held that denial of benefit of Notification No. 153/93-Cus dated 13.08.1993 to Software Technology Park on imports undertaken prior to CMDA approval not justified as substantial requirement of notification satisfied.
Madras High Court held that bank account which is designated pension account is exempted from any attachment for recovery of dues and attachment of such account is in violation of the provisions of the Section 11 of the Tamil Nadu Pension Act, 1871.
Madras High Court held that ITAT rightly deleted the addition on account of Mutual Fund Promotion Expenditure and Initial Public Offer Expenditure since the said expenses are incurred wholly for the purpose of business and hence the same are allowable expense.
Madras High Court held that Direct Tax Vivad Se Vishwas Scheme benefit is not admissible in case of assessments relating to search and seizure when the disputed tax exceeds INR 5 Crore. Therefore, writ petitions are dismissed.
Vide the present petition, the petitioner has challenged notices and orders issued under section 148 of the Income Tax Act. Impugned Notice dated 31.03.2021 was issued under Section 148 of the Income Tax Act, 1961 as in force till 31.03.2021.
