Andhra Pradesh High Court held that attachment of bank account and retention of fund by the authorities after payment of 10% of the disputed tax amount i.e. after pre-deposit u/s. 107 of the GST Act is not justifiable. Accordingly, writ petition disposed of.
CAAR in Mumbai has classified balloons made from latex rubber for festive and party decoration as toys under Customs Tariff Heading (CTH) 9503, a ruling that subjects them to a significantly higher basic customs duty (BCD) of 70% rather than the 20% applicable to decorative or rubber articles.
The CAAR Mumbai grants SubCom India exemption from Basic Customs Duty (BCD) and IGST on cable laying vessels under Notification No. 50/2017-Customs, clarifying conditions for importers and duty liability on materials used in cable-laying services.
Madras High Court held that retrospective withdrawal of purchase tax subsidy granted to sugar mill has no sanction of law. Accordingly, the assessee is entitled to the full benefit of subsidy as set out in the Government Orders issued in 1984.
The present appeal has been preferred by the appellant. Notably, sub-section (2) of section 35-G provides that the party aggrieved by an order passed by the appellate tribunal may file appeal to the High Court within a period of 180 days from the date on which the order appealed against is received by the aggrieved party.
Delhi High Court held that imposition of uniform levy of UF-10 and property tax at the rate of 20% on 3-star and above hotels is, therefore, a valid exercise of legislative discretion and withstands scrutiny under Article 14 of the Constitution.
The Telangana Appellate Authority for Advance Ruling has confirmed that renting a building to a government department for a welfare hostel is a taxable service, dismissing claims of GST exemption.
Delhi High Court held that AO has sufficient information available with him to carry out reassessment proceedings. Accordingly, reopening of assessment u/s. 148A of the Income Tax Act upheld and petition dismissed.
NCLT Mumbai held that section 7 application for initiation of Corporate Insolvency Resolution Process [CIRP] against Reliance Home Finance Limited [Corporate Debtor] admitted as default in repayment of debt exceeding Rs. 1 Crore established.
ITAT Chennai held that addition under section 69A of the Income Tax Act towards cash deposits not reflected in bank account details cannot be sustained since the income doesn’t belong to assessee in the individual status but the income belong to HUF of the assessee.
