The Andhra Pradesh High Court disposed of the writ petition by Midsea International, which challenged a customs summons and the detention of a perishable consignment. The Court ordered the authorities to consider the petitioner’s explanation to the show-cause notice and pass a final order within two weeks
The ITAT Delhi allowed the appeal of Sunita Salhotra, quashing the Section 148 notice for AY 2015-16 as barred by the statutory limitation period that expired on March 31, 2022. The Tribunal relied on the Revenue’s concession in the Supreme Court’s Rajiv Bansal case regarding notices issued for this AY on or after April 1, 2021.
The Madras High Court dismissed a writ petition for goods detention, stating the Customs Act provisions for transhipment were not applicable. The court advised the petitioner to pursue the matter under admiralty jurisdiction.
ITAT Bangalore ruled that a co-operative society can claim deduction under Section 57 for costs incurred in earning interest income from banks. Matter was sent back to AO for verification of claim.
HC granted regular bail to director accused of availing fake input tax credit of ₹23.06 crore, noting that assessment was pending and purpose of the Act is revenue recovery, not punitive detention.
Dismissing Revenue’s appeal, the Tribunal held that the assessee’s ₹1.9 crore FDR was a renewal of an earlier deposit used as bank guarantee security and not a new unexplained investment under Section 69.
HC held that leasing a residential property for residential use is exempt from GST and that GST cannot be included in rent for stamp duty computation, directing refund of ₹2.58 lakh wrongly collected.
High Court ruled that an AO’s failure to determine if a unit sale was a slump sale (S.50B) or short-term capital gain (S.50) made the assessment erroneous and reversible under Section 263.
ITAT Chandigarh allows the appeal of Ram Gopal Temple Trust against the CIT(E)’s rejection of its Section 12A registration application, holding that a statute-notified religious institution is not required to furnish a trust deed.
ITAT ruled that Thane Zilla Vidyasevak Sahakari Patpedhi Ltd. is eligible for deduction u/s 80P(2)(d) on Rs. 94.12 lakh interest income earned from deposits in a co-operative bank. Tribunal affirmed that a co-operative bank is classified as a co-operative society for this deduction.
