Other Laws
Suit For Specific Performance Not Maintainable Without Challenging Termination of Agreement to Sell: Supreme Court
In a significant judgment impacting litigation relating to enforcement of property transactions, the Supreme Court has set aside a Karnataka High Court order that had directed subsequent purchasers of...
Direct Tax
PCIT’s Can Invoke S. 263 Despite Capital Gains Issue Pending Before CIT(A): ITAT
The Income Tax Appellate Tribunal (ITAT), Delhi Bench has upheld the exercise of revisionary jurisdiction by the Principal Commissioner of Income Tax (PCIT) under...
GST
Constitutional Validity of 180-Day ITC Reversal Rule Under GST: Gujarat HC Issues NoticeÂ
The Gujarat High Court has issued notice to the Union Government and State tax authorities on a writ petition challenging the constitutional validity and...
Notification
Income Tax Dept. launches major verification drive against fake HRA claims
The Income Tax Department has launched a focused verification drive targeting false House Rent Allowance (HRA) claims, using analytics and data-matching tools to pick...
Indirect Taxes
Cenvat Credit Distributed By ISD Can’t Be Disallowed For Procedural Reasons: CESTAT
The Chennai Bench of Customs, Excise and Service Tax Appellate Tribunal (CESTAT) has held that Cenvat credit distributed by ISD cannot be disallowed for...
Indirect Taxes
Xiaomi Involved In Customs Duty Evasion By Not Disclosing Royalty And Licence Fee Payments: CESTAT Upholds DemandÂ
The Customs, Excise & Service Tax Appellate Tribunal (CESTAT), Chennai, has upheld substantial customs duty demands against Xiaomi Technology India Pvt. Ltd., finding that...
Indirect Taxes
Mall’s Engagement of Parking Operator Is Not Leasing; Service Tax Exemption Under Notification 25/2012 Still Applies: CESTAT
The Customs, Excise & Service Tax Appellate Tribunal (CESTAT), Chennai Bench has held that a Shopping Mall engaging a specialised entity to operate and...
Indirect Taxes
CESTAT Quashes Rs. 3.15-Crore Service Tax Demand Against Construction Firm; Exemption for Mandi Parishad Projects Upheld
The Customs, Excise & Service Tax Appellate Tribunal (CESTAT), Allahabad, has allowed the appeal filed by the construction firm, setting aside a service tax...
Notification
Cabinet Clears Credit Guarantee Scheme for Exporters to Boost Liquidity and Drive USD 1 Trillion Export Goal
The Union Cabinet chaired by Prime Minister Narendra Modi approved the introduction of the Credit Guarantee Scheme for Exporters (CGSE). The scheme will provide...
Notification
Centre Imposes 5 Year Anti-Dumping Duty on Vietnam Steel Imports
The Finance Ministry has notified the imposition of anti-dumping duty on imports of hot-rolled flat products of alloy and non-alloy steel originating in or...
Notification
Centre Introduces Two New Pension Investment Options Allowing Higher Equity Exposure for Government Employees
In a significant move aimed at expanding retirement investment choices for Central Government employees, the Ministry of Finance has notified amendments to the National...