CESTAT Chennai sets aside the order in SLV Trading Co. case, remanding it for reconsideration of judicial precedents on redemption fine and penalties.
CESTAT Kolkata lowers SAIL’s customs penalty from ₹44 lakh to ₹2.25 lakh for delayed document filing in provisional assessments under Regulation 5.
Supreme Court grants benefit of doubt to Gastrade International due to inconclusive evidence in HSD vs Base Oil classification dispute. Read the case summary.
Rajasthan High Court nullifies tax transfer order due to insufficient notice, ordering reassessment with proper hearing opportunity.
Delhi High Court held that Resale Price Method (RPM) is the most appropriate method to determine arm’s length price since assessee purely acts as a distributor and makes no value addition. Thus, appeal of revenue dismissed.
Madras High Court held that income from sale of shares is to be treated as business income since money was borrowed and invested in shares only for the purpose of trading in shares. Accordingly, income from sale of shares cannot be treated as short-term capital gain.
Allahabad High Court quashes penalty on Osr Creation, ruling that e-way bill was presented before seizure, negating tax evasion claims.
Patna High Court sets aside GST assessment order due to lack of personal hearing, directing reassessment with proper procedural compliance.
Madras High Court directs GST registration revival, requiring tax, penalty payments, and compliance with statutory conditions for reinstatement.
Jharkhand HC sets aside tax orders for violating natural justice, directing authorities to follow due procedure and imposing costs for non-compliance.
