The Ministry of Coal hails the GST Council’s reform, which removes the ₹400/ tonne Compensation Cess and raises the GST rate to 18%. This lowers the overall tax burden on coal, cuts power generation costs by 17-18 paise/kWh, eliminates inverted duty anomaly, and strengthens domestic production for AatmNirbharta.
NCLAT Delhi held that demand made by the EPFO on the basis of an inspection report made after initiation of moratorium is not enforceable as Section 14(1) of the IBC prohibits the initiation or continuation of assessment during the moratorium period.
Madras High Court held that MEIS would clearly qualify as an instrument u/s. 28AAA of the Customs Act bestowing financial or fiscal benefits, however, only Director General of Foreign Trade [DGFT] is empowered to cancel or suspend the same.
ITAT Hyderabad held that reasoning given by CIT(A) for deletion of addition made u/s. 69A of the Income Tax Act by Assessing Officer towards cash payment is contrary to material on record and cannot be accepted.
ITAT Mumbai held that additional evidence demonstrating that no tax advantage accrued to assessee owing to continuous losses needs verification. Accordingly, matter of imposing penalty u/s. 271(1)(c) remanded back.
Scope of appeal under Section 28KA of the Customs Act, 1962, was limited, as the ruling obtained was binding on the persons mentioned in Section 28J of the Customs Act, 1962.
Supreme Court reinforces that Section 269SS violation doesn’t invalidate a debt under the NI Act. It upheld conviction in Sanjabij Tari vs. Kishore Borcar, stressing presumptions under Sections 118 & 139.
The contention of substantial compliance could not override the mandatory time limits under the notification. As there was no statutory requirement of an Eligibility Certificate, and the application for fixation of rebate was filed beyond the prescribed time, the appeal was devoid of merit.
The principal issue for determination was whether the segregation of the appellant’s trial and filing of a separate charge-sheet solely on account of his being an MLA was legally sustainable, given the statutory framework under CrPC and constitutional guarantees of fairness and equality.
ITAT Chandigarh has set aside the CIT(E)’s order cancelling the registration of Aryans Educational & Charitable Trust, holding that issues previously settled by the Tribunal cannot be re-opened for cancellation.
