Delhi High Court held that suspension of resolution professional for two years from taking any assignment as IRP is reduced since conclusions were based on erroneous figures. Accordingly, writ disposed of.
ITAT Chandigarh held that cash deposits in assessee’s bank account was less than the amount mentioned in the reopening notice and thus reasons recorded by the AO were not found to be valid and, therefore, the reassessment framed was quashed. Accordingly, appeal of assessee allowed.
ITAT Hyderabad held that reopening of assessment u/s. 148 of the Income Tax Act is void-ab-initio since income escaped assessment doesn’t exceed Rs. 50 lakhs or more. Accordingly, assessment order passed by AO is quashed.
Karnataka High Court quashes consolidated GST order against Toshiba Software, remanding for separate orders per period to allow Amnesty Scheme use.
J&K High Court quashes recovery against Lupin Ltd., citing non-compliance with earlier court directions and lack of a reasoned decision.
Explore Schrader Duncan Ltd vs Commissioner of Central Excise case where ‘O’ rings’ packing and labeling were deemed non-manufacturing under Chapter 4016, absolving them from excise duty
ITAT Jaipur partially allows Amit Product’s appeal in a bogus purchase case, reducing disallowance to 10% of Rs. 32.88 lakh.
CAAR Mumbai classifies EV VCU/PCU controllers. Ruling rejects 8537, 8543, 9032; classifies as parts under 87089900 (3/4 wheelers) & 87141090 (2 wheelers).
Time for remitting the balance bid amount in an e-auction conducted by the Debt Recovery Tribunal (DRT) could be extended by the High Court under Article 226 of the Constitution, in exceptional and appropriate cases.
Madras High Court dismissed the writ appeals and held that rejection of rebate claim by taking stand that cenvat credit has lapsed in view of rule 11(3)(i) of the Cenvat Credit Rules, 2004 [CCR 2004] is not tenable.
