The tribunal upheld deletion of ₹45 crore additions where losses from share transactions were disallowed as bogus. It held that all transactions were recorded, disclosed, and supported by evidence.
ITAT Delhi upholds capital receipt status of E-tax subsidies and deletes disallowances on leasehold expenses, Section 14A, bank charges, and MAT additions for PVR Ltd.
The Orissa High Court upheld Vedanta Ltd.’s entitlement to interest for refund delayed over 14 years, holding that the Department cannot retain excess duty indefinitely. Interest rate reduced to 6% per annum.
Telangana High Court permitted petitioner to approach GST Appellate Tribunal against a penalty order, directing a 10% pre-deposit within eight weeks and disallowing adjustment of prior tax payments.
The Delhi High Court set aside a GST notice against C.H. Robinson Worldwide Freight India Pvt. Ltd., citing violation of the mandatory three-month period under Section 73 of the CGST Act.
The High Court allowed anticipatory bail to a petitioner in a scrap-related case, directing surrender within three weeks and compliance with BNSS conditions.
The High Court held that a second show cause notice issued under the CENVAT Rules was without jurisdiction and barred by limitation, as the dispute had already been settled under the MODVAT regime.
The Delhi High Court held that issuance of a Show Cause Notice before expiry of reply time violated natural justice and set it aside while upholding the audit report’s validity.
CESTAT Ahmedabad remanded a case to reconsider exemption on imported bioequivalence drugs for clinical trials after finding factual errors regarding Form 44 filing.
Reaffirming its earlier decision, the Orissa High Court ruled that iron ore Fe content should be assessed on WMT basis and found no substantial question of law in the Customs Department’s appeal.
