Follow Us:

Judiciary

No Ruling on Washed Coal GST Rate Due to Voluntary Withdrawal of Application

June 17, 2026 15 Views 0 comment Print

The application raised questions on GST rates, invoicing of washed coal transactions, and Compensation Cess on coal rejects. The Authority disposed of the matter after allowing voluntary and unconditional withdrawal of the application.

Section 143(1) Adjustment Can Be Contested in Assessment Appeal When Retained: ITAT Lucknow

June 17, 2026 483 Views 0 comment Print

The ITAT held that an assessee can contest a Section 143(1) adjustment in an appeal against the assessment order if the adjustment is retained therein. The case emphasizes that multiple statutory remedies may coexist.

No Abetment by Customs Brokers Where Classification Issue Was Interpretational: CESTAT Chennai

June 17, 2026 171 Views 0 comment Print

The Tribunal held that when the importer itself was exonerated on the ground that the classification dispute was interpretational, Customs Brokers acting on the importer’s instructions could not be penalized for abetment. The penalties under Sections 112(a) and 114AA were therefore deleted.

No Proof of WhatsApp Chat Destruction: CESTAT Quashes Customs Broker Licence Revocation

June 17, 2026 141 Views 0 comment Print

The Tribunal held that denial of effective cross-examination in proceedings founded on statements and investigation reports caused serious prejudice to the Customs Broker. Since the revocation proceedings lacked procedural fairness, the impugned order was set aside.

NCLT Orders Liquidation of J.R. Agrotech for failure to Implement Approved Resolution Plan

June 17, 2026 141 Views 0 comment Print

The Tribunal found that the first payment due under the approved resolution plan remained entirely unpaid despite repeated opportunities. The inability or unwillingness to honour financial commitments under the plan led to liquidation of the Corporate Debtor.

NCLT Admits Personal Guarantor Insolvency Plea as Resolution Plan Did Not Extinguish Liability

June 17, 2026 192 Views 0 comment Print

The case examined whether insolvency proceedings against a guarantor could continue after resolution plans for principal borrowers were approved. The Tribunal ruled that the guarantee remained enforceable as no actual discharge of liability had occurred.

CESTAT Chennai Sets Aside Excise Appeal Rejection as Pre-Deposit Exceeded Requirement

June 17, 2026 99 Views 0 comment Print

CESTAT Chennai: Appeal Cannot Be Dismissed for Non-Compliance of Pre-Deposit When Mandatory Deposit Was Already Made; Matter Remanded on Merits

Madras HC Upholds Section 80IA Deduction as Audit Report Filed Before Assessment Completion

June 16, 2026 186 Views 0 comment Print

The Court held that, for assessment year 2009-10, filing the audit report along with the return was directory and not mandatory. Deduction under Section 80IA could not be denied when the report was furnished during assessment proceedings.

ITAT Cancels Section 263 Revision as Issue Was Already Pending Before CIT(A)

June 16, 2026 150 Views 0 comment Print

The Chennai ITAT held that the Pr. CIT could not invoke Section 263 on matters already under consideration before the appellate authority. The ruling emphasises the statutory bar against parallel revision proceedings on the same issue.

ITAT Deletes Section 69B Addition as Excess Stock Was Recorded as Business Income

June 16, 2026 156 Views 0 comment Print

The Chennai ITAT held that excess stock found during a survey could not be taxed as unexplained investment when it had been accounted for in the books and offered as business income. The ruling emphasises that a satisfactory explanation regarding the source of stock defeats the application of Section 69B.

Search Post by Date
June 2026
M T W T F S S
1234567
891011121314
15161718192021
22232425262728
2930