Madras HC declines to interfere in confiscation of Indian buffalo meat export, allowing petitioner to pursue appeal before Customs Appellate Authority.
The NCLAT Delhi reversed a lower court’s refusal to extend the CIRP for Torque Automotive, granting a 45-day final extension to allow the Committee of Creditors to finalize a resolution plan, prioritizing a corporate debtor’s revival over liquidation.
Delhi HC has directed Ahlcons India Pvt. Ltd. to file an appeal with CESTAT, limiting pre-deposit amount and raising questions about re-confirming previously dropped demands.
CESTAT rules on S. Kantilal & Company’s appeal, setting a legal precedent that redemption fines cannot exceed the market value of mis-declared goods.
The Income Tax Appellate Tribunal (ITAT) in Cochin has ruled that voluntarily disclosing additional income after a search notice does not automatically justify a penalty under Section 271(1)(c) of the Income-tax Act, 1961.
The ITAT Delhi has held that purchasing a residential plot and subsequently constructing a house on it fulfills the conditions for capital gains exemption under Section 54F of the Income Tax Act.
The ITAT Delhi has set aside a penalty imposed on a taxpayer, ruling that penalties cannot be levied on additions to income that are based on estimation. This decision follows a precedent in the same case.
In the case of Mobis India Limited vs. Principal Commissioner of Customs, the Madras High Court set aside a Tribunal’s order that rejected an appeal due to a 145-day delay.
Madras High Court has quashed GST notices against KAL Media, ruling that show-cause notices are impermissible if clubbed for multiple financial years in a single document.
MP High Court rules seizure of documented jewellery in transit during elections illegal. Quashes IT action against logistics employee, orders release of consignments.
