CAAR Mumbai determines customs classification for ‘Timber Steel,’ a composite product used for concrete formwork, applying essential character rule.
Indian manufacturer seeks customs advance ruling on classification and import duty exemptions for components used in making Interactive Flat Panel Displays.
Delhi High Court held that demand on account of ITC availed from supplier whose GST registration has been cancelled retrospectively is remitted back for fresh adjudication since co-ordinate bench has set aside retrospective cancellation of supplier’s registration.
Delhi High Court held that delay in filing Form 10B is condonable since genuine hardship is faced by the petitioner and there is sufficient material on record proving the same. Accordingly, writ disposed of.
ITAT Mumbai rules on Section 50C taxability. Capital gains arise in the year of sale deed execution and possession, not registration, based on legal precedents.
Thus, a substantial portion of the cause of action has accrued at Kolkata. Applying the principle of forum convenience, it would be appropriate if the petitioner was relegated to availing of the remedies at Kolkata.
Delhi High Court hears a suit regarding a business dispute between directors of Paramount Coaching Centre involving allegations of setting up a competing venture.
Uttarakhand High Court held that order is invalid since the same is passed invoking the provisions of rule 96(10) of the Central Goods and Services Tax Rules, 2017 [CGST Rules] after the same was omitted on 8th October 2004.
Madras High Court overturns wilful defaulter tag on former IAS officer, citing lack of evidence linking him to company’s financial fraud.
ITAT Nagpur held that addition under section 69A of the Income Tax Act towards unexplained money not tenable in absence of cross-examination and any corroborative evidence on record. Accordingly, appeal of assessee allowed.
