India’s Supreme Court orders the conclusion of a decade-old case involving CENVAT credit demand within eight weeks. Learn more about the historic ruling of Commissioner vs Swati Menthol and Allied Chemicals Ltd.
The Supreme Court’s ruling sets a precedent on reassessment proceedings, stating no action will be taken on completed or unabated assessments without incriminating material.
In a recent Supreme Court ruling, IBC has been found to give higher priority to dues owed to secured creditors than to electricity dues. This analysis examines the court’s interpretation of IBC and its implications for creditors and power sector.
HC held that Performance linked bonus (PLB) and Computer reservation service (CRS) fees received by airline agents are not subject to service tax under the category of ‘Business Auxiliary Services’ (BAS).
In present case, the Hon’ble Apex Court quashed the anticipatory bail filed under section 438 of the CrPC wherein the details pertaining to PAN Number and TDS were missing for the registration of sale deed and there was no source of transaction of consideration for the purchase of land even when the property in dispute was highly undervalued.
A.P. Processor judgment of High Court is affirmed by Hon’ble Supreme Court. The issue is regarding the measure of levy of tax on dyeing units. The High Court had held that no tax would be imposed on wastage generated through the process. Only the goods which are embedded in the final cloth would be taxable as those are the only goods in which the property had been transferred as the process in question is works contract.
SC held that, value of items which were directly delivered to customer’s place and which never entered in factory of assessee should not be added to assessable value of goods supplied by assessee.
Read about Supreme Court’s dismissal of appeal filed by Service Tax department in Commissioner of CGST & Central Excise vs. Konkan Railway Corporation Ltd. case. Article discusses background of case and court’s reasoning for dismissing the appeal.
Supreme Court held that proportionate increase in quota for import not entitled as Consent to Operate on enhanced production capacity was issued after fixing the total import limit
Supreme Court clarifies on education cess refund in CGST vs. Saraswati Agro Chemicals case, emphasizing the importance of legal finality and preventing endless litigation.
