Prices Of O-Chloro Benzonitrile Sky-Rocketed, Prices Cooled Down; CESTAT Allows Declared Transaction Cost And Redetermination Of Assessable Value Under Customs Act
The Ahmedabad Bench of Customs, Excise and Service Tax Appellate Tribunal (CESTAT) has allowed the declared transaction...
Automation Implementation In Customs (Import of Goods at Concessional Rate of Duty or for Specified End Use) Rules, 2022 For EOUs: CBIC
The Central Board of Indirect Taxes and Customs (CBIC) has issued a circular in respect of implementation of automation...
Excise Duty Demands Towards Shortage Found During Stock Verification Is Not Sustainable: CESTAT
The Kolkata Bench of Customs, Excise and Service Tax Appellate Tribunal (CESTAT) has held that the excise duty demands...
Kerala High Court Uphold Constitutional Validity Of Provision Mandating FIFO/Weighted Average Cost Method Of Computation For Assessees Under ‘Profits and Gains of Business And Profession’
The Kerala High Court has upheld the constitutional validity of Section 145A of the Income Tax Act mandating First In...
2023 AMENDMENT IN SECTION 80DD OF INCOME TAX ACT REGARDING ‘JEEVAN AADHAR’ POLICIES CAN’T BE MADE RETROSPECTIVELY APPLICABLE: SUPREME COURT
The Supreme Court has dismissed the writ petitions seeking retrospective effect to the 2023 amendment into 80DD of the...
State Can’t Retain Excess Stamp Duty Citing Limitation: Bombay High Court
The Bombay High Court has held that the fiscal l is is not an adversarial proceeding but if a particular person is...
Power Conferred Upon Income Tax Assessing Authority Is Statutory In Character, Can’t Be Taken Away By CBDT Order: Jammu & Kashmir And Ladakh High Court
The Jammu & Kashmir And Ladakh High Court has held that the power conferred upon the Assessing Authority under...
Implicating Customs Brokers as Co-Noticee in cases involving interpretative disputes To Be Avoided: CBIC
Recently, the Central Board of Indirect Taxes and Customs (CBIC) has issued the instructions stating that the...
Fake GST ITC Availed By Issuing Counterfeit Bills: Rajasthan High Court Dismisses 2nd Bail Application
The Rajasthan High Court, Jaipur Bench has dismissed the second bail application filed by a person accused of availing...
Excise Duty Exemption On Petrol & Diesel When Exported To Bhutan: CBIC
The Central Board of Indirect Taxes & Customs (CBIC) has amended Notification No. 10/2022-Central Excise, dated the...
Whether GST Exemption Granted To Transmission/Distribution Of Electricity Would Take In Ancillary Services Offered To Its Consumers? Supreme Court Is Yet To Decide: Patna High Court
The Patna High Court while disposing of the writ petition held that the issue whether exemption granted to...
Ineligible CENVAT Credit Disclosed By Assessee, Gauhati High Court Quashes Tax Demand Citing Dept's Failure To Issue Notice With 18 Months
The Gauhati High Court while upholding the order passed by the Customs, Excise and Service Tax Appellate Tribunal...
