In Buniyad Chemicals Ltd. Vs ACIT, ITAT Mumbai restricts the addition of commission on accommodation entries to 0.15% of deposits, addressing assessment disputes.
Delhi High Court judgment on Cadence Design’s appeal against the ITAT order regarding transfer pricing comparables. Key findings on ALP determination and comparability.
CESTAT Delhi permits Micromax to raise an alternative classification of LCD/LED panels under CTI 9013 80 10, challenging the Customs duty exemption denial by authorities.
NCLT Hyderabad dismissed Kapston’s insolvency plea against Karvy, citing Karvy’s status as a financial service provider, and insufficient debt threshold.
ITAT Mumbai rules on appeals by Atul Hirji Maru regarding interest disallowance and Keyman insurance taxation for AY 2018-19 and 2020-21.
Rajasthan HC restrains coercive steps on GST registration during ITC blocking case. Court finds procedural concerns under CGST Rule 86A.
Appellate authority has a statutory duty under Section 107(11) of Goods and Services Tax Act to conduct further inquiry and decide appeal based on its merits, even if appellant fails to produce written submissions.
Orissa HC rules surplus electricity used in another unit for manufacturing dutiable goods is entitled to Cenvat credit. No substantial question of law arises.
The Supreme Court of India examines whether intoxicating liquors includes industrial alcohol, impacting state legislative powers.
ITAT Mumbai quashes income addition on trust for late Form 10B filing, citing CBDT’s extended deadline. Case returned to CIT(A) for reassessment.
