Supreme Court held that customs duty exemption provided vide notification no. 151/2009-Cus dated 31-12-2009 is available on import of G Watch (Smart Watch) from the Republic of Korea. Accordingly, the appeal is allowed.
NCLAT Delhi held that demand of EPFO raised on the basis of inspection report dated 10.05.2023 and assessment order dated 25.09.2023 which is subsequent to initiation of CIRP on 17.02.2023 cannot be sustained. Accordingly, appeal set aside.
Rajasthan High Court held that department is under a statutory obligation to refund the amount with interest @12% p.a.. Therefore, rejection of claim of refund vide order dated 04th January 2023, is unsustainable in the eye of law.
AAAR Tamil Nadu holds it cannot condone delay beyond 30 days. Kanishk Steel’s appeal on ITC for solar plant dismissed without considering merits.
The petitioner has a division “Pearson Vue” which is engaged in providing computer based test administration solutions and pursuant to its contract with GMAC, USA, the petitioner conduct GMAT on behalf of GMAC for candidates in India.
NCLT Mumbai held that application u/s. 10 of Insolvency and Bankruptcy Code seeking own Corporate Insolvency Resolution Process [CIRP] is admitted as the Corporate Applicant is in default of a debt due. Accordingly, writ petition allowed.
NCLT Mumbai held that application u/s. 9 of IBC for initiation of Corporate Insolvency Resolution Process [CIRP] against M/s. Kute Sons Dairys Limited [Corporate Debtor] admitted as debt and default thereon established.
Orissa High Court held that contractual dispute cannot be tainted with criminality. Accordingly, pre-arrest bail granted to the company liquidator [petitioner] since insolvency proceedings are pending before NCLT.
Karnataka High Court held that any officer below the rank of Joint Commissioner cannot by himself inspect the premises of any taxable person without authorization from the Joint Commissioner in term of section 67 of the CGST Act.
Calcutta High Court held that cancellation of GST registration with retrospective effect on the basis of vague show cause notice not furnishing any details is not in accordance with law. Accordingly, writ petition is allowed and orders cancelling registration set aside.
