The Tribunal held that excess stock found during survey, when arising from regular business activity and disclosed in accounts, cannot be taxed as unexplained investment under Section 69B.
The court held that delay in seeking a TDS refund could be condoned where tax was deducted due to an error, and directed authorities to examine the refund claim on merits.
The Bombay High Court held that vague allegations of natural justice violations cannot justify skipping the appellate remedy under the Customs Act.
The issue was whether expiry of the revocation timeline bars restoration of GST registration. The Court ruled that authorities can restore registration when pending returns and full tax liabilities are cleared as per Rule 22.
CESTAT Chennai held that penalties cannot be imposed when there is no evidence that the CHA manager knowingly aided mis-declaration or ineligible drawback claims.
The Tribunal held that seizure based only on presumption and driver statements was invalid. Authorities failed to prove attempted export through non-specified routes.
The High Court found prima facie merit in the challenge to a state reimbursement clause restricting ITC. Show cause notices seeking reversal of ITC were stayed pending further hearing.
The issue was whether higher remittances made later could alter the transaction value declared at import. The Tribunal held that customs duty must be determined at the time of import, rendering the differential demand unsustainable.
The court clarified that exemption notifications must be applied as issued and cannot be altered by importing supposed intent. Any attempt to add or curtail benefits retrospectively was held to be beyond legislative delegation.
The Tribunal held that when closing stock is revalued under Section 145A to include tax components, opening stock must also be revalued on the same basis. The case was remanded to ensure consistent valuation and accurate profit computation.
