CESTAT Mumbai held that re-deployment of auxiliary equipment post completion of project doesn’t amount to violation of Project Import Regulations, 1986. Accordingly, appeal allowed and impugned order is set aside.
The tribunal ruled that stating “for objects of the trust” in Form 10 is sufficient if supported by a Board Resolution specifying use for scholarships. Disallowance by CIT(A) was set aside, highlighting substance over form in charitable trusts.
The Delhi High Court, citing Section 83(2) of the CGST Act, 2017 and judicial precedent, ordered the lifting of the provisional attachment on M/s Kanta Food Product’s bank account.
NCLAT Delhi sets aside NCLT order, ruling that an insolvency petition can be restored upon settlement breach if the NCLT’s initial order granted liberty for revival, regardless of the MoU’s terms.
The Delhi High Court remanded two appeals filed by the Union of India (UoI) back to the ITAT for a decision on the merits, after the UoI claimed locus standi for the disbanded Commonwealth Games 2010 Committee.
ITAT Agra condoned a 9-day delay in filing an appeal for AY 2017-18, setting aside the CIT(A)’s ex parte dismissal. The Tribunal prioritized substantial justice over technicalities.
The subsequent Agreement to Sell and the Tripartite Agreement entered into without the prior leave of the Tribunal, and without informing or involving the majority shareholders or the Board of the Company, suffered from procedural impropriety and lack of authority.
The ITAT Nagpur allowed the appeal of Bhivraj Mohanlal Jain, deleting the unexplained investment addition of lakhs under Section , ruling that the transactions were genuine intraday trading resulting in a marginal profit.
NCLAT Delhi rejected an appeal under IBC Section 61(2), ruling it lacked jurisdiction to condone the 17-day delay, as the statutory limit for condonation is strictly 15 days.
ITAT Ahmedabad ruled that reopening an assessment u/s 147 is invalid if based on general, unverified portal information lacking a “live link” to the assessee’s escaped income. Case dismissed.
