Madras High Court quashes order against Salcomp Manufacturing India Pvt. Ltd., granting opportunity to contest tax demand for assessment years 2011-2016.
CESTAT Chandigarh order in Vinayak Industries Vs Commissioner of Central Excise & Customs clarifying that without intent to evade tax, extended period of limitation cannot be invoked.
Delhi High Court upholds trial court’s decision to frame charges against defendants accused of smuggling heroin disguised as rock salt.
NCLAT Delhi rejects SRA’s plea for substitution in resolution plan after CoC and NCLT approval. Analysis of UV Asset Reconstruction Company Ltd. & Anr. vs Aircel Ltd. case.
Punjab & Haryana High Court rules assessees aren’t required to keep the department’s e-portal open at all times to track actions. Detailed judgment analysis provided.
In R. Krishnaprasad Vs Commissioner of Customs, Kerala High Court directs expeditious testing of Technical Grade Urea to avoid port detention, demurrage, and charges, ensuring swift resolution.
In case of S. Subramanian & Co Vs ITO, Madras High Court directs Assessing Officer (AO) to pass a fresh order as notices sent to petitioner’s email id, created by accountant, were not acknowledged.
CESTAT Allahabad held that value of clearance of dummy unit created for evading payment of duty by availing benefit of exemption provided under exemption notification no 8/2003-CE unsustainable. Accordingly, value of all such units clubbed together for evaluating availability of exemption under notification no. 8/2003-CE.
Kerala High Court held that consideration received by the trustees for relinquishment of trusteeship in the Trust cannot be treated as a capital receipt for the purposes of assessing the same under the head of capital gains.
Delhi High Court held that conjoint reading of Section 56(2)(viib) read along with Rule 11UA(2), the option of choosing a method of valuation of shares stands vested solely in the hands of the assessee.
