ITAT Delhi held that Oracle India Private Limited is an independent legal entity and existence of Oracle India Private Limited cannot be considered as permanent establishment of Oracle Systems Corporation. Hence, there is not question of attribution of profit to Permanent Establishment.
NCLAT Delhi held that Corporate Insolvency Resolution Proceeding [CIRP] should be restricted to specific project. Accordingly, held that project wise resolution of the Corporate Debtor needs to be proceeded with as required by law.
CESTAT Chennai held that export benefit cannot be denied unilaterally by the Customs authorities. Thus, unilateral denial of DEPB benefits by Customs authority not justifiable. Accordingly, appeal is allowed and order is set aside.
ITAT held that the appellate authority wrongly dismissed the appeal under Section 249(4)(b) as there was no advance tax liability under Section 209. The matter was remanded for fresh adjudication on merits.
The Madras High Court granted liberty to file an appeal within 30 days and directed the appellate authority to decide the matter on merits without considering limitation.
The Court ruled that the petitioner must approach the appellate authority under the GST law, while granting conditional liberty to file the appeal despite limitation.
The Supreme Court cancelled bail granted by the High Court after finding that the accused’s criminal history, use of forged identities, and prior conduct were not considered while applying the parity principle.
The Supreme Court overturned a High Court bail order after finding that the seriousness of alleged corporate fraud and statutory bail conditions under the Companies Act were not properly considered.
The High Court set aside the cancellation of GST registration because the order was cryptic and lacked reasons or reference to supporting material. The Court held that cancellation orders must reflect application of mind and clearly state the grounds for such action.
The High Court set aside the provisional attachment of property under the Income Tax Act after finding no tangible material showing risk to government revenue.
