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Judiciary

Madras HC Directs Release of Gold After Custom Duty Payment

November 30, 2023 393 Views 0 comment Print

Read the full text of the judgment/order from the Madras High Court regarding the withholding of gold imported by Mudra Precious Metals Pvt. Ltd. Without customs duty payment. The court directs the release of goods after the petitioner agrees to pay 100% duty under protest. Get insights into the case and the court’s decision.

No Malafide Intent Found: Allegation of Suppression in SCN Not Sustainable

November 30, 2023 339 Views 0 comment Print

In a significant decision, CESTAT Mumbai quashes customs duty demand on the export of polyurethane polyvinyl chloride soles of footwear, citing the absence of malafide intention. Explore the full text of the CESTAT order, key facts, and the legal analysis leading to the conclusion.

Madras HC directs department to verify & Rectify Shipping Bill Error

November 30, 2023 294 Views 0 comment Print

Explore the Madras High Court’s judgment/order in K.G.Denim Ltd. vs. Commissioner of Customs, addressing an inadvertent error in 87 shipping bills. Learn about the court’s direction to inspect documents and the timeline set for resolution.

AO cannot disallow Long term capital loss on mere suspicion: ITAT allows Loss on Sale of Shares

November 30, 2023 459 Views 0 comment Print

In a recent decision by the Income Tax Appellate Tribunal (ITAT) Delhi in the case of Paramjit Gandhi vs. DCIT, the Tribunal addressed the disallowance of long-term capital loss on the sale of shares by the Assessing Officer (AO).

CENVAT credit denied without considering ISD invoices: CESTAT directs re-adjudication

November 30, 2023 297 Views 0 comment Print

CENVAT credit denied: CESTAT directed re-adjudication based on ISD invoices mentioning Mumbai address & not related to manufacturing activities.

Section 50C Addition Cannot be Made by CPC Under Section 143(1)

November 30, 2023 6531 Views 0 comment Print

Prabha Anil Gandhi vs. ADIT (ITAT Mumbai): ITAT rules on CPC’s jurisdiction, Section 50C adjustments, and processing under section 143(1).

NDPS Act: Independent Witnesses Not Solely Required for Charge Proof: SC

November 30, 2023 909 Views 0 comment Print

SC decision clarifies that proving charges under the NDPS Act doesn’t solely depend on the presence of independent witnesses and underscores the importance of procedural compliance.

Supreme Court Dismisses Bharat International’s Entry Tax Appeal

November 30, 2023 672 Views 0 comment Print

The Supreme Court dismisses Bharat International’s appeal on entry tax, citing the precedent in Jindal Steel. Learn about the ruling and its implications on trade and commerce

No Sales Suppression Addition Solely Based on Abstract Textile Data

November 30, 2023 240 Views 0 comment Print

Explore the ITAT Chennai ruling on DCIT Vs Arumuga Cottspin Pvt. Ltd. for AY 2015-16. Analysis of interest disallowance, sales suppression, and unexplained cash credits

CESTAT Chandigarh Quashes Excise Duty Demand on Panacea Biotec Ltd. for Hemophilus Vaccine

November 30, 2023 216 Views 0 comment Print

Analysis of CESTAT Chandigarh’s order in Panacea Biotec Ltd. vs Commissioner, quashing excise duty demand on Hemophilus Vaccine due to absence of real manufacturer.

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