The National Company Law Appellate Tribunal ruled that approval of a resolution plan cannot be rejected solely because one Committee of Creditors member withdraws consent after…
12/05/20251 min read
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The National Company Law Appellate Tribunal ruled that approval of a resolution plan cannot be rejected solely because one Committee of Creditors member withdraws consent after…
The Income Tax Appellate Tribunal ruled CSR donations to Gujarat CM's Swachhata Nidhi qualify for Section 80G deductions, rejecting revenue's characterization as political…
Madras High Court directed resolution within five weeks of an ITC blockage case involving alleged fake invoices, emphasizing timely dispute resolution. The court ordered the…
The government imposed anti-dumping duties of $200-450/MT on titanium dioxide imports from China for five years to protect domestic manufacturers like Kerala Minerals. This…
The Central Board of Indirect Taxes imposed a 15-25% countervailing duty on textured/tempered glass from Vietnam for five years, following DGTR's finding of subsidized imports…
The Madras High Court strongly criticized the GST department for passing ex-parte orders as mere empty formalities, warning this practice causes unnecessary litigation. The court…
Madras High Court permitted a taxpayer to file a revocation application for cancelled GST registration, despite the statutory deadline lapse. The court noted that cancellation…
The Madras High Court directed GST authorities to properly consider a taxpayer's representation regarding blocked Input Tax Credit ITC under Rule 86A. The court emphasized that…
Assam Chief Minister Himanta Biswa Sarma strongly defended the GST regime, calling it a "divinely inspired" taxation system that has strengthened India's federal structure. His…
The Central Bureau of Investigation has arrested an Income Tax Commissioner and four others in a bribery scandal involving alleged quid-pro-quo for favorable assessment orders.…
Delhi High Court invalidated a penalty under Section 271 1 c of Income Tax Act because the notice failed to specify whether concealment or inaccurate particulars were alleged. The…
The Central Board of Direct Taxes has introduced a revised ITR-7 form for Assessment Year 2025-26, applicable to political parties, trusts, and other specified entities. The new…
The Income Tax Appellate Tribunal deleted penalties for belated EPF/ESI deposits caused by technical glitches in the payment portal. This reasonable approach recognizes genuine…
ITAT reiterated that reopening assessments beyond four years requires proof of material non-disclosure by the assessee, not just new interpretations. This restatement of settled…
Public sector banks have implemented enhanced security measures along border areas, including mobile banking units and fortified digital infrastructure, to maintain uninterrupted…
The Jharkhand High Court ruled that courts cannot invalidate an entire arbitral award solely because one claim involved fraud, when other claims have independent legal footing.…
Bombay HC held that acquiescence to a termination notice bars interim relief under Section 9 of the Arbitration Act. The judgment enforces commercial certainty by preventing…
CESTAT again emphasized that customs cannot reject declared country-of-origin without conducting proper verification as per FTA protocols. Consistent application of this principle…
Gauhati HC ruled that GST proper officers must issue complete show cause notices under Section 73, not just summaries, to initiate valid proceedings. The judgment upholds due…
A Shapoorji Pallonji Group executive has been named in an ongoing CBI probe into alleged bribery in tax appeal settlements. The FIR references suspicious transactions linked to…
CBDT notified the new ITR-7 form for AY 2025-26 with enhanced disclosures for political parties, charitable trusts and other specified entities. The revised form requires detailed…
Madras HC ordered reopening of GST portal for a taxpayer whose registration was cancelled due to an auditor's incorrect advice about the ₹20 lakh threshold. The court emphasized…
The Supreme Court held that in-charge SHOs are competent to conduct searches under the NDPS Act when the regular station house officer is unavailable. This pragmatic ruling…
CBI conducted raids on an IRS officer's properties in multiple cities investigating alleged disproportionate assets worth ₹3.2 crore. The searches uncovered documents related to…
CESTAT allowed Nokia India's refund claim for excess Countervailing Duty paid, ruling that challenging the original assessment isn't prerequisite for refund. The decision…
CESTAT quashed an excise duty demand based solely on input-output norms without evidence of actual production or clandestine removal. The judgment prohibits theoretical…
CESTAT rejected Royal Enfield's ₹1.79 crore refund claim for SIPOT charges due to a 31-day filing delay, strictly enforcing statutory time limits. The tribunal acknowledged the…
CESTAT classified Dabur's Lemoneez as fruit juice 12% GST rather than soft drink concentrate 18% , granting the company a significant tax benefit. The decision examined product…
CESTAT set aside a customs duty demand that disregarded declared country-of-origin without proper verification. The tribunal mandated that authorities must conduct thorough…
ITAT ruled that reopening assessments beyond four years requires the assessing officer to conclusively prove the assessee's failure to disclose material facts. Mere change of…
ITAT rejected the revenue department's miscellaneous application seeking recall of an order that quashed reassessment proceedings. The tribunal held that once reassessment is…
CESTAT quashed a show cause notice issued to a stainless steel exporter six years after shipment, ruling the proceedings time-barred under Customs Act limitations. The tribunal…
The Central Consumer Protection Authority has issued notices to Amazon, Flipkart and other e-commerce platforms for allegedly selling unlicensed walkie-talkies in violation of…
Escalating India-Pakistan tensions have severely disrupted trade routes, particularly affecting land-based imports through Punjab and Rajasthan borders. Key commodities like…
The government has doubled the loan guarantee limit under the Credit Guarantee Scheme for Startups CGSS from ₹2 crore to ₹5 crore to boost funding access for early-stage ventures.…
NCLAT ruled that amendment of an IBC application isn't permissible if it effectively withdraws an admission of debt. The decision clarifies the limited scope for modifying…
Gauhati HC set aside an ITAT order that ignored Section 292B's validation provisions for minor procedural defects. The judgment reinforces that technical irregularities not…
CESTAT capped redemption fine at 5% and penalty at 1% of re-determined value in an import case, ruling the original impositions were excessive given the bona fide valuation…
Andhra Pradesh HC allowed PepsiCo to claim input tax credit on refrigerators and coolers used in product distribution, rejecting the department's argument that these were…
Telangana HC ruled that courts can appoint arbitrators under Section 11 6 of the Arbitration Act when designated institutions cease to exist. This pragmatic decision prevents…
ITAT granted relief to Jindal Saw by holding that excise duty refunds and sales tax incentives don't constitute taxable income. The ruling distinguishes between business income…
CESTAT dismissed Royal Enfield's delayed service tax refund claim, strictly applying the one-year limitation period. The tribunal rejected arguments about delayed discovery of…
ITAT denied Section 54B deduction for land purchased in the wife's name, strictly interpreting the requirement that the asset must be in the assessee's name. The ruling clarifies…
CESTAT ruled that service tax paid under wrong heads due to lost challans doesn't constitute short payment when the total tax is deposited. The tribunal accepted the taxpayer's…
ITAT deleted additions related to loans and interest payments that were accepted in past years, ruling that revenue cannot reopen settled matters without fresh evidence. The…
CBIC has imposed a 5-year anti-dumping duty on textured tempered glass imports from China and Vietnam, ranging from $41.8 to $243 per metric ton. The duty protects domestic…
ITAT remanded a case for fresh hearing despite the assessee failing to respond to four notices, citing potential merits in the taxpayer's case. The tribunal cautioned against ex…
CBIC has exempted basic customs duty on artworks and antiques imported for public exhibitions, aligning with the Finance Ministry's notification. The exemption covers paintings,…
The government has imposed anti-dumping duties on sodium citrate imports from China and glufosinate from China and Malaysia for five years, following DGTR's recommendation. The…
GSTN has updated the refund process for deemed export recipients, introducing changes to calculation formats, ITC allocation methods, and documentation requirements. The revised…
The National Company Law Appellate Tribunal ruled that approval of a resolution plan cannot be rejected solely because one Committee of Creditors member withdraws consent after…
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