CESTAT Chennai allows the appeal by VNMS Ayyachamy Nadar & Bros against the order of the Commissioner of Customs. The revocation of the CHA license is set aside, and a partial forfeiture of the security deposit is upheld.
ITAT Mumbai allows the appeal by Jerry John Mendonca against the order of the Ld. CIT(A) for AY 2011-12. The ITAT imposes a cost of Rs. 5,000 on the assessee for non-compliance, to be paid to the PM Relief Fund.
Supreme Court upholds CESTAT’s interpretation of ‘Video Production Agency’ and ‘Video-Tape Production’ definitions in service tax case. Read the full judgment here.
The CESTAT Hyderabad quashes the demand of service tax on payment of insurance premium on a marine cargo policy due to lack of clarity in the show cause notice issued to EID Parry (India) Ltd.
The Supreme Court directs the Income Tax Department to pay costs of Rs. 1.5 lakh to Western Union and orders re-adjudication of tax appeals with a delay in refiling.
Orissa High Court has stayed the demand of GST in a case where the Second Appellate Tribunal has not been constituted. The petitioner challenges the 1st appellate order.
ITAT allowed internet expenses and labour charges as business expenses and further held that Section 115BBE not applicable to expenses adequately explained during assessment
CESTAT Chennai upheld the eligibility of “External Hard Disc Drives” for exemption from customs duty under Notification No. 12/2012-CE. The classification as per the Central Excise Tariff Act was crucial in determining the benefit.
CESTAT Mumbai upheld the quashing of customs duty liability on the import of a barge, Aqua Float 300′, citing irregular value addition of equipment on board. The appeal focused on whether equipment should be charged separately, but the tribunal rejected the claim.
ITAT Mumbai rules that penalty under section 271(1)(c) of the Income Tax Act is not leviable on estimated additions. The decision is based on the principle established in previous judgments.
