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Judiciary

Indian Women Traditionally Keep Jewelry at Maternal Home for Various Reasons: ITAT Delhi deletes addition

May 31, 2024 603 Views 0 comment Print

ITAT held that Indian Women Traditionally Keep Jewelry at Maternal Home for Various Reasons and CBDT instruction, where the status of the family and customs and practices of the community to which family belongs, permit an assessee to hold larger quantity of jewellery and ornaments out of the purview of seizure.

ITAT Bangalore: Tax Cash Deposit from Store Business at 8%

May 31, 2024 399 Views 0 comment Print

Read the detailed analysis of Smt. Kopparum Laxminarayan Kumuda vs ITO case by ITAT Bangalore. Learn why cash deposits were taxed at 8%.

Courier license cannot be revoked for Omission to Appoint Authorized Person for Courier Bill of Entry 

May 31, 2024 156 Views 0 comment Print

Discover the CESTAT Bangalore judgment on Pigeon International vs. Commissioner of Customs. Analysis of penalties, violations, and conclusions.

NCLAT Directs NCLT on CoC Reconstitution: Srei Equipment Finance Ltd. Vs Harsh Arora

May 31, 2024 159 Views 0 comment Print

NCLAT directs NCLT to decide on reconstitution of CoC after considering reply in Srei Equipment Finance Ltd. Vs Harsh Arora case. Full text of judgment included.

Expenditure on Leasehold Premises Disallowed by Kerala HC due to Lack of Explanation

May 31, 2024 411 Views 0 comment Print

Read the Kerala High Court judgment on Hotel Allied Trades Pvt. Ltd vs ACIT regarding expenditure on leasehold premises. Detailed analysis and implications included.

Same Methodology Must Be Applied for Valuing Opening & Closing Stock: Kerala HC

May 31, 2024 357 Views 0 comment Print

Explore the detailed analysis of P. A. Jose Vs Union of India judgment by Kerala High Court regarding the valuation methodology for opening and closing stock. Understand the implications and legal aspects.

Only costs directly related to CIRP & approved by CoC can be classified as CIRP costs: NCLAT

May 31, 2024 237 Views 0 comment Print

NCLAT Delhi rules on Avil Menezes’ appeal regarding CIRP costs in Sunil Hitech vs Abdul Qudduskhan case. Detailed analysis of fabrication and erection work claims.

Clandestine Removal Requires Corroborative Evidence: CESTAT Reduces Penalty

May 31, 2024 192 Views 0 comment Print

CESTAT Kolkata reduces penalty in Mittal Iron Foundry case, stating clandestine removal claims lack corroborative evidence.

Non Consideration Of Detailed Reply By GST Proper Officer: HC directs re-adjudication

May 31, 2024 573 Views 0 comment Print

Delhi High Court set aside an order against Ethos Limited for non-consideration of a detailed GST reply. The Proper Officer must reassess the case fairly within 30 days.

Unconditional Withdrawal of SLP – Appeal Not Maintainable: Delhi HC

May 31, 2024 267 Views 0 comment Print

Delhi High Court dismisses appeal against IBBI, citing res judicata principle. Full text of judgment and analysis provided.

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