The Sikkim High Court ruled in favor of Torrent Pharmaceuticals, setting aside an order to recover a Rs. 12 crore refund based on a binding judicial precedent.
Kerala High Court held that no taxable event under the provisions of the Kerala Value Added Tax Act [KVAT Act] had occurred in respect of displaying advertisement on hoardings as there was no transfer of right to use the hoardings. Accordingly, writ disposed of.
Delhi High Court rules in favor of Central Plastics Pvt. Ltd., stating that taxpayers are not required to prove the “source of source” for share capital received before the 2012 amendment to Section 68.
The ITAT Mumbai ruled that the 60% tax rate under Section 115BBE applies to unexplained cash deposits for AY 2017-18, setting aside a lower rate.
The Karnataka High Court quashed a CBDT order rejecting an application from Anantharaja Charitable Trust, advocating a liberal approach to condoning delays.
ITAT Mumbai quashes addition for unexplained investments on land purchases in Hirji Parbat Gada vs ITO, remanding the issue to the AO to consider the DVO report.
CESTAT Chennai held that affixation of MRP on packages of imported goods containing quantity of more than 25 Kgs is not mandatory. Hence, differential duty demand for non-affixation of MRP cannot be sustained.
NCLAT Delhi held that no authorized correspondence brought on record which states that there was agreement between appellant and corporate debtor to cost incurred by appellant would be settled against license fee payable to Corporate Debtor. Thus, argument of appellant rejected.
The Allahabad High Court quashed GST orders in the J.T. Steel Traders case, holding that proceedings for excess stock must use sections 73/74, not the penal section 130.
Delhi High Court directs banks to unfreeze Unity Traders’ accounts after an appeal was filed against the original tax order. The ruling highlights the automatic stay granted by filing an appeal under the CGST Act.
